Page 9 - 2023-25 Citizen's Guide to the Moreno Valley Budget

BUDGET AT A

GET INVOLVED GLANCE

The City’s Budget consists of three major components: General Fund Budget (general operations), Capital Improvement
Program (CIP) Budget, and other special/restricted fund budgets.

The General Fund Budget is the City’s fiscal operating blueprint. The FY 2023/24 - 2024/25 General Fund budget is based
on resource/revenue projections of $152.8 million and $155.2 million, respectively. Departmental operating expenditures are
budgeted at $152.8 million and $155.2 million, respectively.
The FY 2023/24 - 2024/25 budget furthers the City’s ongoing commitment to fiscal responsibility and effective management.
The budget is balanced without the use of contingency reserve funding and concentrates resources on maintaining the
existing levels of services and public safety.

FY 2022/23 FY 2023/24 FY 2024/25
General Fund Amended Budget Adopted Budget Adopted Budget

Revenues $141,081,959 $152,834,043 $155,190,489
Expenses $145,626,895 $152,830,827 $155,185,813
Variance $(4,544,936) $3,216 $4,676

FY2022/23, C o u n c i l a p p r o v e d t h e u s e o f f u n d b a l a n c e f o r t h e e x p a n s i o n o f t h e An i m a l S h e l t e r .
GENERAL FUND SUMMARY

The following graphs provide information regarding the City’s General Fund revenues by budget category and General Fund
expenditures by department.
The General Fund is comprised of several revenue sources; however, three main sources account for over 68% of the total.
These include property tax, sales tax, and utility users tax. Each revenue type is impacted by different activity cycles and
economic pressures.
For FY 2023/24, the General Fund continues to remain balanced with revenues of $152.8 million and expenditures of $152.8
For FY 2023/24, the General Fund continues to remain balanced with revenues of $152.8 million and expenditures of $152.8
million. Revenue projections are based on the most current economic data available and budgeted appropriations reflect
million. Revenue projections are based on the most current economic data available and budgeted appropriations reflect
ongoing efforts to achieve efficiencies. Each City department has carefully evaluated its expenditures, seeking to at least
ongoing efforts to achieve efficiencies. Each City department has carefully evaluated its expenditures, seeking to at least
maintain services while reducing costs wherever feasible. City staff continue to monitor economic indicators for changes.
maintain services while reducing costs wherever feasible. City staff continue to monitor economic indicators for changes.
REVENUES EXPENSES

0.3%
0.4% Fines & Forfeitures 79.2%
1.9% Intergovernmental 0.1% Public Safety
Transfers In Miscellaneous 40.5% Police
18.9% Fire
3.1% 32.1% 10.2% Community Development
Use of Money & Property Tax 9.6% Public Works
Property
3.7%
Licenses &
Permits
9.5% 0.6%
Charges for City Clerk
Services
0.7%
City Council
12.9%
Other Taxes
0.7%
City Attorney
1.2%
11.5% 24.5% Human Resources
Utility Users Tax
Sales Tax 1.7%
1.6% 1.6% Non-Departmental 12.7%
City Manager Economic Financial & Management Services
Development
Citizens’ Guide | 9