Moreno Valley City Council
June 21, 2022

There are no revisions being recommended to the current policy at this time. Should any new developments occur in the regulatory environment, the policy will be adapted to meet these changes and will be brought back for review by the City Council at that time.

The Debt Management Policy was scheduled to be reviewed with the Finance Subcommittee at their meeting on May 24, 2022.

ALTERNATIVES

1. Approve Debt Management Policy. This alternative is recommended so that the City’s policies and practices conform to the current debt management standards as established by municipal market oversight agencies.

2. Not approve Debt Management Policy and provide staff with additional direction.

This alternative is not recommended since it will result the delay of the review and adoption of the policy and could result in the City being out of compliance with state laws.

FISCAL IMPACT
No current fiscal impact.

NOTIFICATION
Public Notice

PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:

Dena Heald Brian Mohan
Deputy Finance Director Assistant City Manager /
City Treasurer / Chief Financial Officer

CITY COUNCIL GOALS
None

CITY COUNCIL STRATEGIC PRIORITIES

1. Economic Development

2. Public Safety

3. Library

4. Infrastructure
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5. Beautification, Community Engagement, and Quality of Life

6. Youth Programs

ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.

1. Debt Management Policy - 5.18.21

APPROVALS
Budget Officer Approval ✓ Approved . 6/01/22 4:38 PM
City Attorney Approval ✓ Approved .

City Manager Approval ✓ Approved . 6/02/22 11:14 AM
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City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
Purpose: The following debt policies were developed in an effort to standardize and rationalize the issuance and management of debt by the City of Moreno Valley and its component units. The policies apply to all direct debt issued by the City of Moreno Valley, including leases, debt guaranteed by the City, and revenue bonds issued by the City. The policies also apply, along with certain other previously adopted policies, to so-called no-commitment debt and to conduit debt of the City.

I. Scope
A. This policy will apply to the following funds and entities:

1. The City of Moreno Valley
a. General Fund
b. Moreno Valley Utilities

2. Moreno Valley Community Facility Districts (CFD)

3. Moreno Valley Community Services District (CSD)

4. Moreno Valley Public Financing Authority (MVPFA)
II. Introduction
A. The City’s budget practices generally have been that operating revenues fully cover operating expenses, including debt service; established reserves meet minimum policy levels; “onetime” revenues are used to fund nonrecurring expenditures; and the prioritization of capital projects eligible for debt financing is accomplished through a “needs assessment” undertaken in the formulation and development of the City’s Capital Improvement Budget.

B. The policies are divided into discrete sections relating to: the purposes and uses of debt by the City; the City’s creditworthiness objectives; the standards and structure to be used in City debt issues; debt administration and process; criteria for selection of the debt consulting team; and, appendices which summarize the City’s current debt portfolio and which provide the reader with a glossary of common terms used in the municipal debt sector.

C. Debt will only be undertaken when the City believes that the project revenues or specific resources will be available and sufficient to service the debt over its life. City debt will not be issued for periods exceeding the useful life or average useful lives of the project or projects to be financed. The policies establish criteria for internal, inter-fund borrowing.

D. Before issuing lease revenue debt or financing leases, the City will determine that the proposed facility is both necessary and desirable, and that no other financing method is practical to finance it. The City shall only use lease revenue debt or financing leases if the tests set forth in the policies are met.

E. The City seeks to maintain the highest possible credit ratings for all categories of short- and long-term direct debt that can be achieved without compromising delivery of basic City services and achievement of adopted City policy objectives.

F. The City will seek to structure debt with level principal and interest costs over the life of the debt.

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Packet Pg. 177 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
G. As a matter of policy, no City department, agency, or sub-unit shall incur long-term debt in excess of $100,000 without the approval of the City Council. All requests to incur debt in excess of $100,000 will be presented by memorandum to the Chief Financial Officer/City Treasurer.

H. The City may sponsor conduit financings for those activities (i.e., economic development, housing, health facilities, etc.) that have a general public purpose and are consistent with the City’s General Plan and with the City's overall service and policy objectives, as determined by the City Council. It shall be the City’s policy to approve for conduit financing only those projects that demonstrate a “significant public benefit.” The City will require a deposit of its anticipated fees and expenses for any entity seeking financing through the City as a conduit.

I. The policies establish a Debt Management Team, comprised “ex officio” of the City Manager, the Chief Financial Officer/City Treasurer, and the City Attorney, or their respective designee(s). The Debt Management Team is authorized to provide advice to the City Council, the City Manager, the Chief Financial Officer/City Treasurer, and the various Departments of the City in all matters pertaining to the creation of debt. All direct or indirect debt of the City will be presented to the City Council’s Finance committee for deliberation and recommendation prior to submittal to the full City Council. For all debt sales, the City will require that the action taken by the City Council to incur the debt will be taken as a regular business item, and at a regular or special City Council meeting, consistent with state law.

J. The City may engage an underwriter for a negotiated sale of debt through a competitive process administered by the City's Financial & Management Services Department based on the prior recommendation of the City’s Debt Management Team.

K. All debt issued by the City will include a written opinion by bond counsel affirming that the City is authorized to issue the debt, stating that the City has met all statutory requirements necessary for issuance, and determining the federal income tax status of such debt. Bond counsel will be selected by the City Attorney based on the prior recommendation of the City’s Debt Management Team.

L. While engagement of a financial advisor on each City debt issue is not required, it is strongly encouraged by the policies. The City may engage an external financial advisor through a competitive process administered by the City's Financial & Management Services Department based on the prior recommendation of the City’s Debt Management Team.

M. Any unsolicited financing proposal to a City department, agency, or employee involving pledge or other extension of the City's credit through sale of securities, execution of loans or leases, marketing guarantees, or otherwise involving directly or indirectly the lending or pledging of the City's credit, shall be referred to the Financial & Management Services Department for review by the City’s Debt Management Team prior to submittal to the City Council for approval.

N. “No commitment” debt is defined differently from conduit debt by the Governmental Accounting Standards Board (“GASB”). The City’s no commitment debt is described in the exhibits to these Policies and in the notes to the City’s financial statements. It consists generally of so-called “land secured debt” such as Mello-Roos or assessment district debt that A.9.a
Packet Pg. 178 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
indirectly benefits the City but for which the City has no financial commitment. Thus, this is “off balance sheet” debt which is afforded the same treatment as “conduit debt,” but which bears different risks in the event of non-compliance with the borrowing agreements.

O. Conduit debt is debt issued by a government for the express purpose of providing capital financing for a third party that is not part of the issuing government’sfinancial reporting entity.

These obligations may bear the name of the City but are not legal obligations of the City.

P. Regular, updated debt policies can be an important tool to insure the use of the City's resources to meet its commitments to provide needed services to the citizens of Moreno Valley and to maintain sound financial management practices. These Policies are therefore guidelines for general use, and allow for exceptions in extraordinary conditions. The Policies will have served their intended purpose if they stimulate an open debate about the City’s existing and/or proposed debt position, and they lead to informed decision making by the City Council.

III. Purposes and Uses of Debt
A. Capital Financing – In General

1. The City normally will rely first on internally generated funds and/or grants and contributions from other governments to finance its capital needs. Debt will be issued for a capital project only in the case of emergency or when it is an appropriate means to achieve an equitable allocation of costs between current and future beneficiaries as determined by the City Council. Debt shall not, in general, be used for projects solely because insufficient funds are budgeted at the time of acquisition or construction. Debt will only be undertaken when the City believes that the project revenues or specific resources will be available and sufficient to service the debt over its life. Debt financing will not be considered appropriate for any recurring purpose such as operating or maintenance costs.

2. Capital improvements should be financed primarily through user fees, service charges, assessments, special taxes or developer exactions so long as the benefits the City will derive from such improvements can be attributed to the users of the improvements. Moreover, the City will specifically consider the costs associated with any borrowing in order to determine that the above funding sources are adequate to service the proposed debt. Accordingly, the Policies assume that development fees will be set at a level that is sufficient at all times to insure that new development pays its fair share of the cost of constructing new facilities in the community.

3. The City will evaluate the use of debt in-lieu of “pay-as-you-go” financing on the basis of the following criteria:
a. Factors favoring “Pay-as-You-Go” financing
i. Current fund balances or project revenues are sufficient to fund the project
ii. Existing or proposed debt levels would have a deleterious effect on the City’s credit position or rating
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Packet Pg. 179 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
iii. Credit market conditions are unstable or present extraordinary difficulty in marketing the proposed debt
b. Factors favoring use of debt
i. Revenues are deemed to be stable and reliable enough to support the proposed debt at investment grade rating levels
ii. The nature of the financed project will support investment grade ratings
iii. Credit market conditions present favorable interest rates and demand for financings such as the City’s
iv. The project being financed is mandated by the state or federal government and resources are insufficient or unavailable v. The project being financed is immediately required to meet or relieve capacity needs and current resources are insufficient or unavailable
vi. The estimated useful life of the asset to be financed is greater than 5 years
B. Asset Life: The City will consider long-term financing for the acquisition, maintenance, replacement, or expansion of physical assets (including land) only if they have a useful life of at least five years. City debt will not be issued for periods exceeding the useful life or average useful lives of the project or projects to be financed.

C. General Obligation Debt

1. General obligation bonds provide the lowest borrowing costs for major public assets.

The use of a general obligation pledge usually eliminates the need for a bond reserve and due to its high credit quality and the ability to levy a tax to repay it, produces borrowing terms and costs unavailable through other methods. Moreover, since the source of repayment of a general obligation bond is from proceeds of specific taxes, the City’s operating funds and its operating position are not impacted by the issuance of general obligation bonds. Though the use of the term “general obligation bond” implies that the City’s “full faith and credit” would be pledged to the repayment of the bond, the bond is actually repaid from an ad valorem tax on real property.

Accordingly, the general obligation bond is more properly described as an “unlimited tax” bond.

2. Because of the absence of a limitation on the rate and amount of the tax that might be levied to pay a general obligation bond, state law and prudent finance practice require the submission of such a proposed debt to the electorate. Article XIII of the California Constitution requires that general obligation bonds be submitted to the voters for approval and that the issuance of such bonds be approved by a two-thirds vote.

3. Ad valorem property taxes affect various classes of taxpayers differently. Since the enactment of Proposition 13 in 1978, the increases in assessed value of real property have been limited for established property owners. This has the effect of disproportionately burdening newer property owners, who may have less wealth or A.9.a
Packet Pg. 180 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
taxpaying capacity than older, more established property owners. Moreover, business property owners, whose property turns over less frequently than residential property often benefit as a result of this phenomenon.

4. Cities in California may issue general obligation bonds only for the purpose of acquiring, improving or constructing real property. Accordingly, it shall be the City’s policy to issue general obligation bonds only for such purposes and then only when the acquisition, improvement, or construction of the proposed real property will provide benefits to the community, in significant amounts, to both users and non-users of the facility.

D. Use of Lease Debt, Certificates of Participation or Financing Leases: Before issuing lease revenue debt or financing leases, the City will determine that the proposed facility is both necessary and desirable, and that no other financing method is practical to finance it. The City may use lease revenue debt or financing leases for those projects which are not sufficiently popular to obtain a two-thirds vote for the issuance of general obligation bonds or which must be financed at a time, or in a manner which do not permit the use of general obligation bonds.

The City shall only use lease revenue debt or financing leases: if the project to be financed will generate positive net revenues after debt service; or if the project will significantly reduce City operating costs; or if an equal or greater amount of non-City matching funds will be lost if City’s lease revenue or financing lease funds are not applied in a timely manner; or if the project to be financed is less than $1,000,000; or if the project to be financed provides essential City services or would so advance core City policy objectives that its value overrides the value of obtaining voter approval.

IV. “No Commitment” and Conduit Debt
A. City as Issuer of “No-Commitment Debt” or Conduit Debt

1. The City may sponsor conduit financings for those activities (i.e., economic development, housing, health facilities, etc.) that have a general public purpose and are consistent with the City's overall service and policy objectives as determined by the City Council and with the City’s General Plan. All conduit financings shall insulate the City completely from any credit risk or exposure and must first be approved by the Chief Financial Officer/City Treasurer and the City Manager before being submitted to City Council for authorization and implementation.

2. Each applicant for a conduit financing by the City will be required to provide an indemnity to the City, or its constituent agencies, for all costs, expenses, attorney fees, settlement or judgment costs arising out of the financing or any of the documentation relating to the financing.

B. Significant Public Benefit Test for Conduit Debt

1. It shall be the City’s policy to approve for conduit financing only those projects that demonstrate a “significant public benefit.” In general, “significant public benefit” means that the proposed project will enhance the economic, social or cultural quality of life for the residents of the City; or, that the proposed project will stimulate A.9.a
Packet Pg. 181 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
employment within the City; and, that such enhancement or employment gain can be measured in a manner which permits the City to evaluate the risks and rewards of acting as the conduit issuer. Significant public benefit will be based on the City’s evaluation of the availability of public access to the widest possible number of residents of the City, depending on the context.

2. Acceleration or addition of public infrastructure in excess of that required by law or the City’s land use polices could also produce significant public benefit. Such benefits arise either from the installation or completion of public infrastructure assets prior to the time they might otherwise be installed or from the additional assets which might be realized as a result of being able to finance the project more efficiently.

3. Finally, the finding of significant public benefit can arise from the installation or acquisition of a community asset which produces additional employment opportunities or which produces environmental benefits either as a direct or secondary result of its completion. In circumstances where the financed improvements generate regional benefits, the finding of significant public benefit will be easier than in those where the financed facilities serve only a small number of residents. The process for approval of a conduit financing will generally require a two-step process. First, the Chief Financial Officer/City Treasurer and the City Manager will seek City Council direction and will establish the ground rules for evaluating the request. Requests for conduit financing which do not originate within the Financial & Management Services Department shall be forwarded to the Chief Financial Officer/City Treasurer or City Manager for transmittal to the City’s Debt Management Team, which is described in Paragraph VI-A-2. Upon an evaluation by the Chief Financial Officer/City Treasurer and the City Manager, the matter will be referred back to the City Council for approval of the financing documents.

4. The City will require a financial pro forma and business plan for any project to be financed with the proceeds of a conduit issue. The City will impose a fee for acting as a conduit issuer of securities as shown in Appendix B hereto. The City will require an initial deposit of $20,000 for any entity seeking financing through the City as a conduit, which will be held by the City, and which the City may require additional deposits to, from time to time. The City’s fees and costs will be charged against the initial or subsequent deposits, and any excess remaining at the time of issuance of the debt, or the abandonment of the project, whichever is applicable, will be refunded to the applicant.

C. Credit Quality of Conduit Debt

1. The City will consider conduit financing only for those applicants which are creditenhanced or guaranteed so as to attain a rating of at least “A” from any one of the three major credit rating agencies. The City may consider a waiver of this requirement in special circumstances and upon the written recommendation of the City’s Chief Financial Officer/City Treasurer. In cases where the City elects to waive this requirement, it specifically reserves the right to require the sponsor of such a conduit financing to use a private placement of the securities and to impose a “sophisticated investor” requirement acceptable to the City. In this context the A.9.a
Packet Pg. 182 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
concept of a “sophisticated investor” will be the standard imposed by federal securities law for private placements of corporate securities. In addition, the City will seek to limit the resale of the securities in one of the following ways: (1) the investor must agree to hold the securities to their respective maturity dates; or, (2) the investor must agree to secure a rating on the bonds of at least “A” before reselling them; or, (3) the investor must agree to resell the securities only (a) to another sophisticated investor who will also agree to sign a sophisticated investor letter, and (b) obtain the City’s approval for such a resale. Selection of an individual criterion depends on the facts and circumstances of the particular sale, but restrictions 1 and 3 above are most suitable where the credit characteristics of the individual issue are expected to remain static. Issues that are expected to improve over time in credit characteristics are more appropriate for the application of rule number 2.

V. Creditworthiness Objectives
A. Credit Ratings

1. The City of Moreno Valley seeks to maintain the highest possible credit ratings for all categories of short- and long-term direct debt that can be achieved without compromising delivery of basic City services and achievement of adopted City policy objectives. The City recognizes that there is a direct correlation between the credit rating it achieves and the cost of borrowing. Therefore, as a general rule, the City will seek to acquire and maintain an investment grade rating on all of its direct debt.

2. The City recognizes that external economic, natural, or other events may from time to time affect the creditworthiness of its debt. Nevertheless, the City is committed to ensuring that actions within its control are prudent and consistent with these Policies.

B. Financial Disclosure, Initial and Continuing

1. The City is committed to full and complete financial disclosure, and to cooperating fully with rating agencies, institutional and individual investors, City departments and agencies, other levels of government, and the general public to share clear, comprehensible, and accurate financial information. The City is committed to meeting secondary disclosure requirements as set forth in Securities and Exchange Commission Rule 15c2-12, and its amendments, on a timely and comprehensive basis. (See Section VIII– Continuing Disclosure for additional discussion.)

2. Official statements accompanying debt issues, Comprehensive Annual Financial Reports, and continuous disclosure statements will meet (at a minimum), the standards articulated by the Municipal Standards Rulemaking Board (MSRB), the Government Accounting Standards Board (GASB), the National Federation of Municipal Analysts, the Securities and Exchange Commission (SEC), and Generally Accepted Accounting Principles (GAAP). The Financial & Management Services Department is designated as the responsible party for ongoing disclosure to established national information repositories and for maintaining compliance with A.9.a
Packet Pg. 183 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
disclosure standards promulgated by state and national regulatory bodies and for compliance with continuing disclosure requirements required by contractual arrangements necessary to comply with Rule 15c2-12.

C. Capital Planning: To enhance creditworthiness and prudent financial management, the City of Moreno Valley is committed to systematic capital planning, intergovernmental cooperation and coordination, and long-term financial planning. Evidence of this commitment to systematic capital planning will be demonstrated through adoption of an annual review of the City’s capital improvement budget and its ten-year capital improvement plan budget.

D. Debt Limits: The City will keep outstanding debt within the limits prescribed by State statute and at levels consistent with its creditworthiness objectives. In the case of debt serviced from the City’s General Fund, the City will observe a guideline of 7% of the amounts budgeted for expenditures and transfers out as the “ideal” level for General Fund resources committed to the repayment of debt.

VI. Debt Standards and Structure
A. Term of Debt: Debt will be structured for the shortest period consistent with a fair allocation of costs to current and future beneficiaries or users. The implication of this policy will generally require that debt be issued only for a time period that is consistent with the life span of the project for which the debt was issued.

B. Debt Structure

1. Debt will be structured to achieve the lowest possible net cost to the City given market conditions, the urgency of the capital project, and the nature and type of security provided. Moreover, to the extent possible, the City will design the repayment of its overall debt so as to recapture rapidly its credit capacity for future use. The City shall strive to repay at least 20 percent of the principal amount of its general fund supported debt within five years and at least 40 percent within ten years as these measures are used by the major national credit rating agencies to determine the creditworthiness of the City. In applying the 20% and 40% tests, the debt repayment amounts are non-cumulative, that is, the goal is to have all of the City’s general fund debt structured so as to achieve a reduction in principal of 20% at the five year mark and 40% at the ten year mark. Individual issues will be structured so that the new debt is retired using a level debt service (sometimes called “mortgage amortization”) retirement schedule.

2. Individual issues may be structured using either serial bonds or term bonds. In the case of issues structured with term bonds, the City will use a sinking fund to retire the term bonds. A sinking fund is the mechanism whereby money is accumulated on a regular basis in a separate account for the purpose of redeeming the term bonds when due. The sinking fund monies are typically applied to redeem bonds on an annual basis in amounts that would result in approximately level debt service requirements.

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Packet Pg. 184 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

3. The City will not issue debt that commences principal payment beyond the fiscal year in which the financed asset is completed or is substantially available to the City.

Capitalized interest may be used in the debt structure, but only to the extent necessary to accommodate the deferral of principal to the point of substantial availability to the City.

C. Amortization

1. The City will seek to structure debt with level principal and interest costs-over the life of the debt. So-called "back-loading" of debt service will be considered only when natural disasters or extraordinary or unanticipated external factors make the short-term cost of the debt prohibitive, when the benefits derived from the debt issuance can clearly be demonstrated to be greater in the future than in the present, when such structuring is beneficial to the City's overall amortization schedule, or when such structuring will allow debt service to more closely match project revenues during the early years of the project's operation.

2. In the case of an issue structured with term bonds and a sinking fund, the City’s policy will be to retire the term bonds in substantially level fashion over each year of the life of the sinking fund unless the factors described above apply.

D. Variable Rate Debt: The City may choose to issue securities that pay a rate of interest that varies according to pre-determined formula or results from a periodic remarketing of the securities, consistent with state law and covenants of pre-existing bonds, and depending on market conditions. The City may elect to control its interest rate exposure on variable rate debt through the use of financial products designed to offset such risks, but only upon the expressed approval of the Chief Financial Officer/City Treasurer.

E. Subordinate Debt: The City shall issue subordinate lien debt only if it is financially beneficial to the City and is consistent with the City’s creditworthiness objectives as set forth in Paragraph IV-A, “Credit Ratings.” Generally, subordinated debt is that debt which has a lien position on an asset or revenue stream that is junior in position to another debt issues.

Examples could include leases that are junior in payment obligation to senior leases.

F. Non-Traditional Financial Products: The City will consider the use of non-traditional financial products on a case by case basis and consistent with state law and financial prudence.

Examples of such non-traditional products include: interest rate swaps, interest rate caps and collars, “synthetic” refunding transactions and float contracts. Use of non-traditional financial products will only be undertaken upon written recommendation of the Chief Financial Officer/City Treasurer and concurrence by the City Council.

G. Tax-Exempt vs. Taxable Bonds: The City generally seeks to issue debt at the lowest total cost.

Generally this objective is achieved through the issuance of tax-exempt debt which can be offered at lower interest rates since investors get the additional benefit of the tax break. The Internal Revenue has established guidelines which must be met for municipal bond issuances to qualify for the tax-exempt status. (For a more detailed discussion of this issue please see IRS Publication 4079 – Tax-Exempt Government Bonds). One of the relationships that can interfere with the City’s ability to issue under the tax-exempt status is the area of Management A.9.a
Packet Pg. 185 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
and Service Contracts. When entering into these types of contracts it is recommended that the City involve bond counsel to ensure that the language does not impact the ability of the City to issue tax-exempt debt related to the impacted facilities or improvements.

H. Refunding

1. Periodic reviews of all outstanding debt will be undertaken to determine refunding opportunities. Refunding will be considered (within federal tax law constraints) if and when there is a net economic benefit of the refunding or the refunding is essential in order to modernize covenants essential to the City’s financial or operating position.

2. In general, advance refundings for economic savings will be undertaken when net present value savings of at least five percent (5%) of the refunded debt can be achieved. Current refundings that produce net present value savings of less than five percent will be considered on a case-by-case basis, provided that the present value savings are at least three percent (3%) of the refunded debt. Refundings with savings of less than three percent (3%), or with negative savings, will not be considered unless there is a compelling public policy objective. The measurement of the 3% or 5% savings may, but is not required, to consider benefits to the City from sources other than the proposed bond transaction, if deemed appropriate by the City’s Debt Management Team.

I. Short-Term Borrowings: Use of short-term borrowing, such as bond anticipation notes (BANs), tax and revenue anticipation notes (TRANs), tax-exempt commercial paper and other similar short-term borrowing vehicles will be undertaken only if the transaction costs plus interest of the debt are less than the cost of internal financing, or available cash is insufficient to meet working capital requirements. The City will not employ the use of such borrowings solely for the purpose of earning arbitrage profits.

J. Credit Enhancements: Credit enhancement (letters of credit, bond insurance, etc.) will be used to the extent that net debt service on the bonds is reduced by more than the costs of the enhancement, measured in present value terms. In order to calculate the economic effectiveness of a credit enhancement, the City will compare the present worth of the debt service required on the proposed transaction on both an enhanced and unenhanced basis to determine the economic benefits of the enhancement offered. Credit enhancement which does not produce economic benefits, in present value terms, will be considered only if acceptance of the enhancement directly furthers other City goals and objectives.

VII. Debt Administration and Process
A. All Debt to be Reviewed by City’s Debt Management Team

1. No City Department, agency, or sub-unit shall incur long term debt of more than $100,000 without the approval of the City Council. Indebtedness is generally any obligation of the City to pay money in the future with a stated maturity of longer than nine months. All requests to incur long term debt of more than $100,000 and with a stated maturity of longer than nine months will be presented by memo from the A.9.a
Packet Pg. 186 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
requesting Department, through the Chief Financial Officer/City Treasurer, to the City’s Debt Management Team. The memo shall specify the purpose of the borrowing, any options for financing the project without borrowing, and specific sources of payment of debt service. This policy is not intended to be an impediment to the purchase of goods or services, or the contracting for such goods or services by the City in the normal course of business.

2. The Debt Management Team will be comprised “ex officio” of the City Manager, the Chief Financial Officer/City Treasurer and the City Attorney, or their respective designee(s). The City Manager may appoint additional members to the Debt Management Team on an ad hoc basis as individual circumstances warrant. The Debt Management Team is authorized to provide advice to the City Council, the City Manager, the Chief Financial Officer/City Treasurer, and the various Departments of the City in all matters pertaining to the creation of debt. The Chief Financial Officer/City Treasurer has responsibility for the oversight and periodic review of these Policies, and will recommend amendments from time to time to the City Council. All direct and indirect debt of the City and its component units will be presented to the City Council’s Finance Committee for deliberation and recommendation prior to submittal to the full City Council.

B. Investment of Bond Proceeds

1. All general fund supported and revenue bond proceeds shall be invested as part of the City's consolidated pool, using appropriate trust fund accounting procedures, unless otherwise specified by law or the controlling bond documents and approved in advance by the Chief Financial Officer/City Treasurer. Investments will be consistent with those authorized by existing state law and by the City's investment policy

2. It will also be the City’s policy to select investment advisors, if appropriate to the facts and circumstances of an individual borrowing or borrowing program, on a basis similar to that which it uses to engage investment advisors for its investment portfolio. The City will execute the investment directives for bond proceeds through the applicable trustee for such proceeds.

C. Costs and Fees

1. All costs and fees related to issuance of bonds will be paid out of bond proceeds. In the case of conduit financings, the City may require prepayment for certain costs and fees from the project applicant(s). Under certain extraordinary circumstances, the City may authorize the expenditure of City funds for the engagement of outside counsel or consultants for the purpose of assisting the City with the feasibility analysis of the contemplated debt. It is intended that any expenditure for such purposes would be in anticipation of, or reliance upon, reimbursement by a project applicant for such expenses.

A.9.a
Packet Pg. 187 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

2. Should the proposed debt issue be abandoned prior to its completion, the City will retain any deposits or prepayments in amounts necessary to insure that its costs, both direct and indirect, are fully recovered.

D. Method of Sale

1. In general, City debt will be issued through a competitive bidding process. Bids will be awarded on a true interest cost basis (TIC), providing other bidding requirements are satisfied. In such instances where the City in a competitive bidding deems the bids received unsatisfactory, it may, at the election of the Chief Financial Officer/City Treasurer, enter into negotiation for sale of the securities.

2. Negotiated sales of debt will be considered in circumstances when the complexity of the issue requires specialized expertise, when a change of underwriter may result in losses (for example, changing the remarketing agent in mid-program for variable rate debt), when the negotiated sale would result in substantial savings in time or money, or when market conditions or City credit are unusually volatile or uncertain. Only the Chief Financial Officer/City Treasurer shall make such a determination.

E. Council Action to be Regular Business Item, Not Consent Calendar: For all debt sales, the City will require that the action taken by the City Council to incur the debt will be taken as a regular business item, and at a regular or special City Council meeting, consistent with state law. Generally, it shall be the City’s policy to submit the proposed debt issuance to the City Council in a study session wherever possible prior to submittal to the full City Council as an action item.

VIII. Underwriters, Consultants and Counsel
A. Underwriters

1. For all competitive and negotiated sales, underwriters will be required to demonstrate sufficient capitalization and experience related to the debt. The City may engage an underwriter for a negotiated sale of debt through a competitive process administered by the City's Financial & Management Services Department based on the prior recommendation of the City’s Debt Management Team. The utilization of the underwriter for a particular bond sale will be at the discretion of the Financial & Management Services Department and pursuant to a written underwriting agreement.

2. The selection process for underwriters will require that the selected underwriter have comprehensive municipal debt experience, experience with diverse financial structuring requirements and strong distribution capabilities for municipal securities.

Upon completion of the underwriter’s engagement, the City has the option of making a new arrangement with any existing underwriter.

B. Payment of Underwriter’s Counsel Fees: City payments for underwriter’s counsel in negotiated sales will be authorized by the Financial & Management Services Department on a case by case basis depending on the nature and complexity of the transaction and the needs expressed by the underwriters.

A.9.a
Packet Pg. 188 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
C. Bond Counsel: The City will retain external bond counsel for all debt issues and such retainer will be evidenced by a contract with the selected firm(s). All debt issued by the City will include a written opinion by bond counsel affirming that the City is authorized to issue the debt, stating that the City has met all statutory requirements necessary for issuance, and determining the federal income tax status of such debt. Bond counsel will be selected by the City Attorney based on the prior recommendation of the City’s Debt Management Team. The selection process will require comprehensive municipal debt experience and clearly demonstrated skill and capabilities in the municipal bond sector and with the type of financing proposed. Upon expiration of a specific contract, the City has the option of signing a new contract with its existing bond counsel.

D. Disclosure Counsel: In certain instances, the City may choose to engage the services of a disclosure counsel for the purposes of assisting in the various aspects of the preparation of an official statement, private placement memorandum or other form of offering, disclosure or continuing disclosure document to be disseminated in connection with the sale of the City’s debt or conduit debt. In performing these services, the disclosure counsel is clearly representing the City, as the issuer of the debt, and not the underwriter as well, as is the case where underwriter’s counsel prepares such documents. Because disclosure counsel is engaged by the City, the cost of disclosure counsel’s services is typically paid from the proceeds of the debt issue, and may be structured as either hourly charges or fixed fees, depending on the circumstances.

E. Financial Advisor

1. The utilization of the financial advisor for particular bond sales will be at the discretion of the Financial & Management Services Department on a case by case basis and pursuant to a written financial advisory service contract. While engagement of a financial advisor on each City debt issue is not required, it is strongly encouraged. In particular, the services of a financial advisor will be used on all competitive sales of City debt as well as those negotiated issues that present unique structuring, marketing or credit circumstances.

2. The City may engage an external financial advisor through a competitive process administered by the City's Financial & Management Services Department based on the prior recommendation of the City’s Debt Management Team. The selection process for financial advisors will require that the selected financial advisor have comprehensive municipal debt experience, experience with diverse financial structuring requirements and strong pricing capabilities for determining the fairness of the prices received by the City for its debt issues. Upon completion of the financial advisor’s engagement, the City has the option of making a new arrangement with any existing financial advisor.

3. For each engagement the financial advisor will provide services to the Chief Financial Officer/City Treasurer and such other departments of the City as may be designated by the Chief Financial Officer/City Treasurer pursuant to an agreed upon scope of services to be negotiated with the Chief Financial Officer/City Treasurer.

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Packet Pg. 189 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
F. Fiscal Agents, Paying Agents and Trustees: The Financial & Management Services Department will utilize a fiscal agent, paying agent or trustee on all City indebtedness, as may be required by the type of debt instrument being used. Fees for such services on outstanding bonds will be paid from the resources of the department or program supporting the debt service on the instrument, unless specified otherwise by the Chief Financial Officer/City Treasurer.

The City’s Financial & Management Services Department will administer the review and journalizing of transactions from monthly statements furnished by the fiscal agent, paying agent or trustee, as the case may be.

G. Compensation for Services: Compensation for bond counsel, underwriter's counsel, financial advisors, and other financial service providers will be consistent with industry standards.

H. Selection Process: The Chief Financial Officer/City Treasurer shall make all final determinations of selection for underwriters, and financial advisors based on the recommendation of the City’s Debt Management Team. The determination will be made following an independent review of competitive bids or responses to requests for proposals (RFPs) or requests for statements of qualifications (RFQs). The City’s Debt Management Team will review the proposals or statements of qualifications. The City’s financial advisors at the direction of the Chief Financial Officer/City Treasurer may also review underwriter proposals.

I. Other Service Providers: The Chief Financial Officer/City Treasurer shall have the authority to periodically select other service providers (e.g., escrow agents, verification agents, trustees, arbitrage consultants, assessment engineers, special tax consultants, investment advisors etc.) as necessary to meet legal requirements and minimize net City debt costs. The Chief Financial Officer/City Treasurer may select firm(s) to provide such financial services related to debt without a RFP or RFQ, consistent with City requirements. A firm so selected must receive Chief Financial Officer/City Treasurer approval before undertaking any transaction or providing any service.

IX. Continuing Disclosure
A. Background
Pursuant to SEC Rule 15c2-12 (the “Rule”), issuers of obligations are required under most circumstances to provide financial and operating information on an annual basis with the Municipal Securities Rulemaking Board (MSRB) using the Electronic Municipal Market Access system (EMMA). The City of Moreno Valley, California (the “City”), the Moreno Valley Public Financing Authority (MVPFA), the Successor Agency to the Moreno Valley Redevelopment Agency and certain community facility districts and assessment districts (collectively, the “Moreno Valley Issuers”) have issued or may issue obligations which are covered by the Rule (the “Obligations”) and must comply with any required filings in a timely manner. These Policies and Procedures are intended to assure that all filings required under the Rule are made timely and completely and meet all requirements of the Rule. The Moreno Valley Issuers have covenanted or will covenant to comply with the Rule through the execution and delivery of continuing disclosure agreements or certificates (each, a “Continuing Disclosure Undertaking”) applicable to each issue of Obligations.

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Packet Pg. 190 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
The Rule requires that an underwriter, prior to purchasing or selling an issue of obligations in connection with a covered offering, determine that the issuer, and any other “Obligated Person” (as defined in the Rule) for whom financial or operating data is presented in the official statement, has undertaken in writing to provide the following information to the MSRB using EMMA and to the appropriate state information depository (“SID”), if any:

Note: There is no SID currently in the State of California. If the State of California should establish a SID, the Moreno Valley Issuers may also be required to file all required information with the SID depending on the contractual requirements of their previous Continuing Disclosure Undertakings.

1. By a specified date, annual financial and operating information for each Obligated Person for whom financial information or operating data is presented in the official statement (an “Annual Information Filing”).

2. By a specified date, if available, audited annual financial statements for each Obligated Person (“Audited Financial Statements”) and, if not available by the date required, unaudited financial statements followed by with Audited Financial Statements once they are available.

3. In a timely manner within 10 business days of occurrence, notice of the occurrence of one or more of the listed events described in the Rule (a “Rule 15c2-12 Event Notice”).

4. Not less than 30 days before the submission date, the Responsible Party shall prepare a draft submission of required financial and operating information, highlighting any information still unavailable.

5. In a timely manner, notice of a failure of any Obligated Person required to make the Annual Information Filing and/or file the Audited Financial Statements on or before the date(s) specified in the Continuing Disclosure Undertaking (“Notice of Failure”).

A. Listed Events
“The Rule” requires filing of a Rule 15c2-12 Event Notice upon the occurrence of certain listed events described in the Continuing Disclosure Undertakings. The Responsible Party shall provide a Rule 15c2-12 Event Notice to the MSRB using EMMA within 10 business days of occurrence of any such listed event. The list is as follows:

1. Principal and interest payment delinquencies

2. Non-payment related defaults

3. Unscheduled draws on debt service reserves reflecting financial difficulties

4. Unscheduled draws on credit enhancements reflecting financial difficulties A.9.a
Packet Pg. 191 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

5. Adverse tax opinions, IRS notices or material events affecting the tax status of the security

6. Modifications of rights of security holders (if material)

7. Bond calls (if material)

8. Defeasances

9. Release, substitution or sale of property securing repayment of the securities (if material)

10. Rating changes

11. Tender offers

12. Bankruptcy, insolvency, receivership or similar event of the obligated person

13. Merger, consolidation, or acquisition of the obligated person (if material)

14. Appointment of a successor or additional trustee, or the change of name of a trustee (if material)

15. Incurrence of financial obligation (if material)

16. Default, event of acceleration, termination event, modification of terms or other similar events under the terms of a financial obligation of the obligated party, any of which reflect financial difficulties.

17. Other voluntary disclosure as listed in the Rule
B. Familiarity with EMMA Submission Process

1. The Responsible Party shall register with EMMA and review the on-line process of filing with EMMA located at www.emma.msrb.org in order to submit the required information. The MSRB market Information Department can also be contacted at (703) 797-6668. A tutorial is available at the website and a practice submission is available as well.

2. The Responsible Party also shall enroll the Moreno Valley Issuers in EMMA’s reminder system to ensure timely performance of their responsibilities and obligations.

C. California Debt and Investment Advisory Commission (CDIAC)

1. With the passage of Senate Bill 1029 (Hertzberg) which became effective January 1, 2017, the Responsible Party will prepare and submit an annual report by January 31 of each year for the previously completed fiscal year.

2. CDIAC has developed the Annual Debt Transparency Report (ADTR) and an online reporting portal to assist issuers in meeting this requirement.

3. The ADTR will include the following data elements ( these requirements can be found in section 8855(k) of the California Government Code):
a. Debt authorized during the reporting period, which shall include the following:
i. Debt authorized at the beginning of the period
ii. Debt authorized and issued during the reporting period iii. Debt authorized but not issued at the end of the reporting period
iv. Debt authority that has lapsed during the reporting period A.9.a
Packet Pg. 192 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
b. Debt outstanding during the reporting period which will include:
i. Principal balance at the beginning of the reporting period ii. Principal paid during the reporting period
iii. Principal outstanding at the end of the reporting period c. The use of proceeds of issued debt during the reporting period which shall include:
i. Debt proce3eds available at the beginning of the reporting period.
ii. Proceeds spent during the reporting period and the purpose for which it was spent.
iii. Debt proceeds remaining at the end of the period.

D. Training Efforts
To ensure adequate resources to comply with the Rule, the Responsible Party shall develop a training process aimed at providing additional assistance in preparing required information.

The training process shall be conducted at least annually and shall encompass a review of the EMMA submission process and an understanding of the timing requirements necessary for full compliance.

E. Coordination Effort
The Responsible Party shall coordinate the preparation and submission of the required information with the Financial Advisor. Special Tax Consultant and corporate trustees and paying agents to ensure full compliance with the requirements of the Rule and the Continuing Disclosure Undertakings.

F. Records Retention
The Responsible Party shall maintain records with respect to the filings with the MSRB using EMMA, including, but not limited to, EMMA posting receipts showing the dates and nature or contents of all filings for each issue of Obligations of any Moreno Valley Issuer outstanding during each fiscal year.

G. Investor Communication
While the City shall post its annual financial report as well as other financial reports on the City’s website, this information is intended for the citizens of the City of Moreno Valley.

Information with the intention of reaching the investing public, including bondholders, rating analysts, investment advisors, or any other member of the investment community will be filed on the EMMA system. Information similar to that posted on EMMA will be included on the City’s website under the Investor Relations tab.

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Packet Pg. 193 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
H. Responsible Party; Maintenance of List and Files
The Responsible Party for the Moreno Valley Issuers shall be the Chief Financial Officer/City Treasurer for the City and any alternate or assistant as the Chief Financial Officer/City Treasurer shall appoint. The Responsible Party shall maintain a current list for each fiscal year identifying each issue of Obligations of any Moreno Valley Issuer outstanding during such fiscal year setting forth the name, original principal amount, date of issuance and CUSIP numbers for each such issue, the dates by which the Annual Information Filings and the Audited Financial Statements are required to be submitted to the MSRB using EMMA and the current contact information for the dissemination agent (if any) with respect to such Continuing Disclosure Undertaking, such list to be accompanied by copies of the related Continuing Disclosure Undertakings.

I. Annual Information Filing Requirements
The Responsible Party shall be knowledgeable and familiar with the provisions of each Continuing Disclosure Undertaking as to the type, format and content of the financial and operating information to be included in each Annual Information Filing to be made thereunder and the timing requirements for the filing thereof. The submission dates for the Continuing Disclosure Undertakings vary and in some cases require the filing of annual reports as early as the last day of December in each year following (or, in some cases, within 180 days following) the close of the Moreno Valley Issuers’ fiscal year which is currently June 30.

J. Audited Financial Statements
Audited Annual Financial Statements of the Moreno Valley Issuers are also required to be filed no later than the submission dates established under each Continuing Disclosure Undertaking. The Responsible Party shall be knowledgeable and familiar with the specific timing requirements for the filing of Audited Financial Statements and, if not available by the date(s) required, the provisions regarding the filing of unaudited financial statements under the terms of each Continuing Disclosure Undertaking.

K. Notices of Failures to File
The Responsible Party shall be knowledgeable and familiar with the specific requirements for the filing of a Notice of Failure to make Annual Information Filings and/or to file Audited Financial Statements by the date(s) required under the terms of each Continuing Disclosure Undertaking.

L. Preparation
Approximately 90 days before the submission date for required filings established under each Continuing Disclosure Undertaking, the Responsible Party shall initiate the process of preparing the financial and operating information required to be submitted thereunder. The Responsible Party shall assemble the information available at that time and determine the A.9.a
Packet Pg. 194 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
scope of additional information to be required and also contact the auditors to establish a schedule for completion and submission for the Audited Financial Statements.

1. Not less than 30 days before the submission date, the Responsible Party shall prepare a draft submission of required financial and operating information, highlighting any information still unavailable.

2. On or before the submission date established under each Continuing Disclosure Undertaking, the Responsible Party shall make the Annual Information Filing together with the Audited Financial Statements. If the Audited Financial Statements are not then available, unaudited financial information shall be filed with the MSRB using EMMA and the Audited Financial Statements shall be filed within 10 business days of their receipt and acceptance.

3. The Responsible Party shall set calendar reminders in the City Finance Department’s recordkeeping systems.

II. Other Policies
A. Arbitrage Compliance: The Financial & Management Services Department shall maintain a system of record keeping and reporting to meet the arbitrage rebate compliance requirements of the Federal Tax Code.

B. Unsolicited Financing Proposals: Any unsolicited financing proposal to a City department, agency, or employee involving pledge or other extension of the City's credit through sale of securities, execution of loans or leases, marketing guarantees, or otherwise involving directly or indirectly the lending or pledging of the City's credit, shall be referred to the Financial & Management Services Department for review by the City’s Debt Management Team prior to submittal to the City Council for approval.

C. Internal Borrowings

1. Provided that sufficient resources are available, liquidity will not be impaired, and a defined source of repayment is available, the City will generally favor internal borrowings over external borrowings for short-term liquidity purposes. The Financial & Management Services Department may undertake inter-fund borrowings and such borrowings will be evidenced by a written memorandum or agreement specifying the tenor and terms of the borrowing, including repayment terms, interest rates and calculations and procedures for amendment and must have the approval of the City Council, except for fiscal year end accounting entries that create temporary loans for financial statement presentation purposes. Any internal borrowing must be first coordinated with the responsible managing department. For example, the internal borrowings affecting the City’s successor agency or Community Development Block Grant funds should be coordinated with the Community and Economic Development Department. All such inter-fund borrowings will be reflected in the City’s accounting records as “due to” and “due from” items respecting the funds and accounts borrowed from and loaned to, respectively.

A.9.a
Packet Pg. 195 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

2. Inter-fund borrowing will typically bear interest at the rate being borne by the Local Agency Investment Fund (“LAIF”) administered by the California State Treasurer’s Office, unless specifically recommended otherwise by the Chief Financial Officer/City Treasurer.

D. Post Issuance Tax Compliance

1. The purpose of these Post-Issuance Tax Compliance Procedures is to establish policies and procedures in connection with tax-exempt bonds or obligations (whether in the form of bonds, certificates of participation, installment sale contracts, leases or other financing structures) and other tax-advantaged bonds or obligations, if any (e.g. “build America bonds” or direct pay subsidy bonds) (collectively, the “Bonds”) issued for the benefit of the City of Moreno Valley (the “City”) so as to ensure that the City complies with all applicable post-issuance requirements of federal income tax law needed to preserve the tax-exempt or special tax status of the Bonds.

2. General
a. Ultimate responsibility for all matters relating to City financings and refinancings rests with the City’s Chief Financial Officer/City Treasurer (the “Responsible Officer”) or such other person or persons as the Responsible Officer shall designate.

3. Tax Compliance Requirements
a. External Advisors / Documentation
i. The Responsible Officer and other appropriate City personnel shall consult with bond counsel and other legal counsel and advisors, as needed, throughout the Bond issuance process to identify requirements and to establish procedures necessary or appropriate so that the Bonds will continue to qualify for the appropriate tax status. Those requirements and procedures shall be documented in a City resolution(s), Tax Certificate(s) and/or other documents finalized at or before issuance of the Bonds. Those requirements and procedures shall include future compliance with applicable arbitrage rebate and yield restriction requirements and all other applicable post-issuance requirements of federal tax law throughout (and in some cases beyond) the term of the Bonds.
ii. The Responsible Officer and other appropriate City personnel also shall consult with bond counsel and other legal counsel and advisors, as needed, following issuance of the Bonds to ensure that all applicable post-issuance requirements, in fact, are met. This shall include, without limitation, consultation in connection with future contracts with respect to the use or management of Bondfinanced assets.

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Packet Pg. 196 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
iii. Whenever necessary or appropriate, the City shall engage expert advisors (such as a “Rebate Service Provider”) to assist in the calculation of arbitrage rebate which may be payable in respect of the investment of Bond proceeds.
b. Role of the City
i. Unless otherwise provided by City resolutions, unexpended Bond proceeds shall be held by the City, and the investment of Bond proceeds shall be managed by the Responsible Officer. The Responsible Officer shall maintain records and shall prepare regular, periodic statements to the City regarding the investments and transactions involving Bond proceeds.
ii. If a City resolution provides for Bond proceeds to be administered by a trustee, the trustee shall provide regular, periodic (monthly) statements regarding the investments and transactions involving Bond proceeds.
c. Arbitrage Rebate and Yield
i. Unless a Tax Certificate documents that bond counsel has advised that arbitrage rebate will not be applicable to an issue of Bonds:
a.) the City shall engage the services of a Rebate Service Provider, and the City or the Bond trustee shall deliver periodic statements concerning the investment of Bond
proceeds to the Rebate Service Provider on a prompt basis; b.) upon request, the Responsible Officer and other appropriate City personnel shall provide to the Rebate Service Provider additional documents and information reasonably requested by the Rebate Service Provider;
c.) the Responsible Officer and other appropriate City
personnel shall monitor efforts of the Rebate Service
Provider and assure payment of required rebate amounts, if any, no later than 60 days after each 5-year anniversary of the issue date of the Bonds, and no later than 60 days after the last Bond of each issue is redeemed; and
d.) during the construction period of each capital project financed in whole or in part by Bonds, the Responsible
Officer and other appropriate City personnel shall monitor the investment and expenditure of Bond proceeds and shall consult with the Rebate Service Provider to determine
compliance with any applicable exceptions from the
arbitrage rebate requirements during each 6-month
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Packet Pg. 197 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
spending period up to 6 months, 18 months or 24 months, as applicable, following the issue date of the Bonds.
e.) The City shall retain copies of all arbitrage reports and trustee statements as described below under “Record
Keeping Requirements”.
d. Use of Bond Proceeds
i. The Responsible Officer and other appropriate City personnel shall:
a.) monitor the use of Bond proceeds and the use of Bondfinanced assets (e.g., facilities, furnishings or equipment) throughout the term of the Bonds (and in some cases beyond the term of the Bonds) to ensure compliance with covenants and restrictions set forth in applicable City resolutions and Tax Certificates;
b.) maintain records identifying the assets or portion of assets that are financed or refinanced with proceeds of each issue of Bonds;
c.) consult with Bond Counsel and other professional expert advisers in the review of any contracts or arrangements involving use of Bond-financed facilities to ensure
compliance with all covenants and restrictions set forth in applicable City resolutions and Tax Certificates;
d.) maintain records for any contracts or arrangements
involving the use of Bond-financed facilities as might be necessary or appropriate to document compliance with all covenants and restrictions set forth in applicable City resolutions and Tax Certificates; and
e.) meet at least annually with personnel responsible for Bondfinanced assets to identify and discuss any existing or planned use of Bond-financed assets and to ensure that
those uses are consistent with all covenants and restrictions set forth in applicable City resolutions and Tax Certificates. f.) All relevant records and contracts shall be maintained as described below.

1. Record Keeping Requirements
a. Unless otherwise specified in applicable
City resolutions or Tax Certificates, the
City shall maintain the following
documents for the term of each issue of
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Packet Pg. 198 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
Bonds (including refunding Bonds, if any)
plus at least three years:
b. a copy of the Bond closing transcript(s) and
other relevant documentation delivered to
the City at or in connection with closing of
the issue of Bonds;
c. a copy of all material documents relating to
capital expenditures financed or refinanced
by Bond proceeds, including (without
limitation) construction contracts, purchase
orders, invoices, trustee requisitions and
payment records, as well as documents
relating to costs reimbursed with Bond
proceeds and records identifying the assets
or portion of assets that are financed or
refinanced with Bond proceeds;
d. a copy of all contracts and arrangements
involving private business use of Bondfinanced assets; and e. copies of all records of investments,
investment agreements, arbitrage reports
and underlying documents, including
trustee statements.
e. Identification and Correction of Violations: In the event that the use of bond proceeds or bond-financed assets, or the payments derived from such assets, are different than those expected at the time bonds are issued, the City should contact Bond Counsel in a timely manner to ensure that there is no adverse effect on the tax status of the bonds. Under existing Treasury Regulations, various “self-help” remedies are available to the City in the event of certain violations of the limits of use of bond proceeds, the investment of bond proceeds, and the use of the bond-financed assets. For example, a change in the use of the bond-financed assets after the issuance of the bonds that results in excessive private business use may be corrected through a 'remedial action' that is described in the Treasury Regulation Section 1.141-12. Such remedial actions include a defeasance of the portion of the bonds affected by the excessive private business use or using the disposition proceeds from the sale of the bond-financed assets for another qualified purpose. In the event that the self-help remedial actions in Treasury Regulation Section 1.141-12 are not available to the City, violations occurring through City action (or inaction) that potentially adversely affect the status of the bonds may be corrected through the Voluntary Closing Agreement Program as further described in IRS Notice 2008-31 and in Sections 7.2.3 of the Internal Revenue Manual.

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Packet Pg. 199 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
APPENDIX A: GLOSSARY

AD VALOREM TAX
A tax calculated "according to the value" of property. Such a tax is based on the assessed valuation of real property and, in certain cases, on a valuation of tangible personal property. In most jurisdictions, the tax is a lien on the property enforceable by seizure and sale of the property. General restrictions, such as overall restrictions on rates, or the percent of charge allowed, sometimes apply. As a result, ad valorem taxes often function as the balancing element in local budgets.

ADVANCE REFUNDING
A procedure whereby outstanding bonds are refinanced by the proceeds of a new bond issue more than 90 days prior to the date on which outstanding bonds become due or are callable. Generally, either the entire outstanding issue is refunded (full refunding) or only the callable bonds are refunded (partial refunding).

Typically an advance refunding is performed to take advantage of interest rates that are significantly lower than those associated with the original bond issue. At time, however, an advance refunding is performed to remove restrictive language or debt service reserve requirements required by the original issue. (See also “CURRENT REFUNDING”)

AMORTIZATION
The planned reduction of a debt obligation according to a stated maturity or redemption schedule.

ARBITRAGE
The gain that may be obtained by borrowing funds at a lower (often tax- exempt) rate and investing the proceeds at higher (often taxable) rates. The ability to earn arbitrage by issuing tax-exempt securities has been severely curtailed by the Tax Reform Act of 1986, as amended.

ASSESSED VALUATION
The appraised worth of property as set by a taxing authority through assessments for purposes of ad valorem taxation. The method of establishing assessed valuation varies from state to state, with the method generally specified by state law. For example, in certain jurisdictions the assessed evaluation is equal to the full or market value of the property; in other jurisdictions the assessed valuation is equal to a percentage of the full market value.

ASSESSMENT BONDS
Bonds issued to develop facilities and basic infrastructure for the benefit of specific properties within the assessment district which directly benefit from the facilities. The key consideration here is the “direct and special benefit” to be received by the property subject to the assessment. Voter approval is not required.

Instead, a majority vote of the property owners with a majority of assessments is needed to authorize the issue.

The issuer's recourse for nonpayment is foreclosure. This type of bond is normally not rated. The bonds may be issued under the provisions of the various assessment bond acts of the State, whichever is most appropriate. (See also “Special Tax Bond” for a description of bonds issued pursuant to the Mello-Roos Act.)

BALLOON MATURITY
A maturity within a serial issue of securities which contains a disproportionately large percentage of the principal amount of the original issue. A balloon maturity is generally distinguished from a term bond by the fact that a term bond generally has the benefit of a sinking fund to smooth out the amount of principal paid from any single year's operations. A balloon maturity increases the likelihood that the jurisdiction will need to refinance the securities for an extended period of time upon their initial maturity.

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Packet Pg. 200 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

BASIS POINT
One one-hundredth of one percent (0.0001).

BEARER BOND
A security that does not identify its owner on its face or by registration. The security is presumed to be owned by the person possessing it. The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) curtailed the issuance of tax-exempt bearer bonds.

BOND
A security that represents an obligation to pay a specified amount of money on a specific date in the future, typically with periodic interest payments.

BOND ANTICIPATION NOTES
Notes issued to provide temporary financing, to be repaid from the proceeds of a subsequent long-term financing.

BOND COUNSEL
An attorney (or firm of attorneys) retained by the issuer to give a legal opinion concerning the validity of the securities. The bond counsel's opinion usually addresses the subject of tax exemption. Bond counsel may prepare, or review and advise the issuer regarding authorizing resolutions or ordinances, trust indentures, official statements, validation proceedings and litigation.

BOND INSURANCE
Bond insurance is a type of credit enhancement whereby a monoline insurance company indemnifies an investor against default by the issuer. In the event of a failure by the issuer to pay principal and interest in full and on time, investors may call upon the insurance company to do so. Once assigned, the municipal bond insurance policy generally is irrevocable. The insurance company receives an up-front fee, or premium, when the policy is issued.

BOOK-ENTRY-ONLY
Bonds that are issued in fully registered form but without certificates of ownership. The ownership interest of each actual purchaser is recorded on computer.

CALIFORNIA DEBT AND INVESTMENT ADVISORY COMMISSION (CDIAC) The right to redeem a bond prior to its stated maturity, either on a given date or continuously. The call option is also referred to as the optional redemption provision. Often a "call premium" is added to the call option as compensation to the holders of the earliest bonds called. Generally, the earliest callable bonds called carry a 102% premium, the next earliest, a 101 % premium, and the balance of the bonds are called at par value.

CALL OPTION
The right to redeem a bond prior to its stated maturity, either on a given date or continuously. The call option is also referred to as the optional redemption provision. Often a "call premium" is added to the call option as compensation to the holders of the earliest bonds called. Generally, the earliest callable bonds called carry a 102% premium, the next earliest, a 101 % premium, and the balance of the bonds are called at par value.

CAPITAL APPRECIATION BOND
A bond without current interest coupons that is sold at a substantial discount from par. Investors are provided with a return based upon the accretion of value in the bond through maturity. (see zero coupon bond) A.9.a
Packet Pg. 201 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

CAPITAL LEASE
The acquisition of a capital asset over time rather than merely paying a rental fee for temporary use. A lease-purchase agreement, in which provision is made for transfer of ownership of the property for a nominal price at the scheduled termination of the lease, is referred to as a capital lease.

CERTIFICATES OF PARTICIPATION
A lease agreement with another party (a lessor, such as a joint powers authority) to lease an asset over a defined period of time at a prearranged annual payment. Voter approval is generally not required. Lease payments are made primarily from general fund revenues. Current law requires the lessee to make lease payments only if the City has beneficial use of the facility to be leased. The legislative body has to appropriate annual debt service payments. For the security of the bondholders, a reserve fund is normally established and held by a trustee until all bonds are paid. Interest during project construction must be capitalized. An "asset transfer" structure, whereby an existing facility is used as security to finance construction or acquisition of another project, may be used for flexibility. Sometimes this structure is styled as a “lease revenue bond,” which is functionally the same as Certificates of Participation.

COMMERCIAL PAPER (TAX-EXEMPT)
By convention, short-term, unsecured promissory notes issued in either registered or bearer form with a stated maturity of 270 days or less.

COMPETITIVE SALE
Sales of securities in which the securities are awarded to the bidder who offers to purchase the issue at the best price or lowest cost.

CONDUIT FINANCING
The issuance of securities by a governmental entity to finance a project that will primarily benefit a third party, typically a private corporation. The security for this type of financing is usually the credit of the private entity, rather than the governmental unit. Usually such securities do not constitute general obligations of the issuer since the private entity is liable for generating the pledged revenues for repayment. Industrial development bonds are a common type of conduit financing.

CONTINUING DISCLOSURE
The requirement by the Securities and Exchange Commission for most issuers of municipal debt to provide current financial information to the informational repositories for access by the general marketplace. Generally, SEC Rule 15c2-12 requires issuers of municipal securities and certain other “obligated persons” to make contractual promises to provide continuing information to the marketplace during the life of securities issues.

Under the rule, an underwriter is not permitted to purchase or sell municipal securities in connection with a primary offering of $1.0 million or more unless it has entered into such a contractual arrangement with the issuer of the securities for the benefit of the holders of the securities.

In conduit issues, the obligation to maintain continuing disclosure efforts should be imposed on the project sponsors.

COUPON RATE
The interest rate on specific maturities of a bond issue. While the term "coupon' derives from the days when virtually all municipal bonds were in bearer form with coupons attached, the term is still frequently used to refer to the interest rate on different maturities of bonds in registered form.

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Packet Pg. 202 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

CURRENT REFUNDING
A procedure whereby outstanding bonds are refinanced by the proceeds of a new bond issue within 90 days of the date on which outstanding bonds become due or are callable. Generally, either the entire outstanding issue is refunded (full refunding) or only the callable bonds are refunded (partial refunding). Typically a current refunding is performed to take advantage of interest rates that are significantly lower than those associated with the original bond issue. At times, however, a current refunding is performed to remove restrictive language or debt service reserve requirements required by the original issue. (See also “ADVANCE REFUNDING”)

CUSIP NUMBER
The term CUSIP is an acronym for the Committee on Uniform Securities Identification Procedures. An identification number is assigned to each maturity of an issue, and is usually printed on the face of each individual certificate of the issue. The CUSIP numbers are intended to help facilitate the identification and clearance of municipal securities. As the municipal market has evolved, and new derivative products are devised, the importance of the CUSIP system for identification purposes has increased.

DEBT BURDEN
The ratio of outstanding tax-supported debt to the market value of property within a jurisdiction. The overall debt burden includes a jurisdiction's proportionate share of overlapping debt as well as the municipality's direct net debt.

DEBT LIMITATION
The maximum amount of debt that is legally permitted by a jurisdiction's charter, constitution, or statutory requirements.

DEBT SERVICE
The amount necessary to pay principal and interest requirements on outstanding bonds for a given year or series of years.

DEBT SERVICE RESERVE FUND
The fund into which moneys are placed which may be used to pay debt service if pledged revenues are insufficient to satisfy the debt service requirements. The debt service reserve fund may be entirely funded with bond proceeds, or it may only be partly funded at the time of the issuance and allowed to reach its full funding requirement over time, due to the accumulation of pledged revenues. If the debt service reserve fund is used in whole or part to pay debt service, the issuer usually is required to replenish the funds from the first available funds or revenues. A typical reserve requirement might be the maximum aggregate annual debt service for any year remaining until the bonds reach maturity. The size of the reserve fund, and the manner in which it is invested, may be subject to arbitrage regulations.

DEFAULT
The failure to pay principal or interest in full or on time. An actual default should be distinguished from technical default. The latter refers to a failure by an issuer to abide by certain covenants but does not necessarily result in a failure to pay principal or interest when due.

DEFEASANCE
Providing for payment of principal of premium, if any, and interest on debt through the first call date or scheduled principal maturity in accordance with the terms and requirements of the instrument pursuant to which the debt was issued. A legal defeasance usually involves establishing an irrevocable escrow funded with only cash and US. government obligations.

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Packet Pg. 203 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

DEPOSITORY TRUST COMPANY (DTC)
A limited purpose trust company organized under the New York Banking Law. DTC facilitates the settlement of transactions in municipal securities.

DERIVATIVES
Financial products whose value is derived from the value of an underlying asset, reference rate, or index.

Typically these agreements are contracts between a lender/investor and a borrower and include interest rate swaps, caps, floors, collars, and forward purchase agreements.

DISCOUNT
The difference between a bond's par value and the price for which it is sold when the latter is less than par.

DOUBLE-BARRELED BOND
A bond secured by a defined source of revenue (other than general property taxes) and the full faith and credit of an issuer.

ELECTRONIC MUNICIPAL MARKET ACCESS SYSSTEM (EMMA)
Managed by the MSRB the EMMA website was established to increase the transparency of the municipal securities market by providing free public access to municipal securities disclosures and data. EMMA provides investors, state and local governments and other market participants with key information and tools to put that information into context. EMMA is the location where all municipal issuers are to post or publish continuing disclosure information.

ENTERPRISE ACTIVITY
A revenue-generating project or business. The project often provides funds necessary to pay debt service on securities issued to finance the facility. The debts of such projects are self-liquidating when the projects earn sufficient monies to cover all debt service and other requirements imposed under the bond contract. Common examples include water and sewer treatment facilities and utility facilities.

FINANCIAL ADVISOR
A consultant who advises an issuer on matters pertinent to a debt issue, such as structure, sizing, timing, marketing, pricing, terms, and bond ratings.

FITCH INVESTORS SERVICE
A financial services company, founded in 1913, which provides investors with an independent assessment of the credit worthiness of debt obligations.

FINAL OFFICIAL STATEMENT (FOS)
A document published by the issuer that generally discloses material information on a new issue of municipal securities including the purposes of the issue, how the securities will be repaid, and the financial, economic and social characteristics of the issuing government. Investors may use this information to evaluate the credit quality of the securities. (See also Official Statement)

FLOW OF FUNDS
The order in which pledged revenues must be disbursed, as set forth in the trust indenture or bond resolution.

In most instances, the pledged revenues are deposited into a general collection account or revenue fund as they are received and subsequently transferred into the other accounts established by the bond resolution or trust indenture. The other accounts provide for payment of the costs of debt service, debt service reserve deposits, operation and maintenance costs, renewal and replacement, and other requirements.

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Packet Pg. 204 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

GENERAL OBLIGATION BONDS
Bonds backed by the full faith and credit of the City. The taxing power is an unlimited ad valorem tax, usually on real estate and personal property. A special rate is incorporated in the property tax bill annually to pay for debt service. A two-thirds voter approval is required for authorization. Because it is secured by an unlimited tax levy, this structure has strong marketability and lower interest costs.

GENERAL OBLIGATION DEBT
Debt that is secured by a pledge of the ad valorem taxing power of the issuer. Also known as a full faith and credit obligation.

INDENTURE
A contract between the issuer and a trustee stipulating the characteristics of the financial instrument, the issuer's obligation to pay debt service, and the remedies available to the trustee in the event of a default.

INVESTMENT GRADE
The broad designation given bonds which have a high probability of being paid, and minor, if any, speculative features. Bonds rated “BBB” or higher by Standard & Poor’s Corporation, “Baa” or higher by Moody’s Investor’s Service, and “BBB” or higher by Fitch IBCA Rating Service are deemed by those agencies to be “investment grade.”

ISSUANCE COSTS
The costs incurred by the bond issuer during the planning and sale of securities. These costs include but are not limited to financial advisory and bond counsel fees, printing and advertising costs, rating agency fees, and other expenses incurred in the marketing of an issue.

ISSUER COUNSEL
An attorney engaged by the issuer to represent its best interest in a debt transaction. Often this role is performed by bond counsel, however, at times separate counsel is engaged that does not have responsibility to issue the bond opinion as well as represent the issuer’s best interests.

JUNIOR LIEN BONDS
Bonds that have a subordinate claim against pledged revenues.

LEASE
An obligation wherein a lessee agrees to make payments to a lessor in exchange for the use of certain property.

The term may refer to a capital lease or to an operating lease.

LEASE REVENUE BONDS
Bonds that are secured by an obligation of one party to make annual lease payments to another.

LESSEE
The party to a lease agreement that obtains use of a facility or piece of equipment on exchange for rental payments.

LESSOR
The owner of the property being leased.

LETTER OF CREDIT
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Packet Pg. 205 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
Bank credit facility whereby a bank will honor the payment of an issuer's debt, in the event that an issuer is unable to do so, thereby providing an additional source of security for bondholders for a predetermined period of time. A letter of credit often is referred to as an L/C or an LOC. Letter of Credit can be issued on a "stand-by" or "direct pay" basis.

LINE OF CREDIT
Bank credit facility wherein the bank agrees to lend up to a maximum amount of funds at some date in the future in return for a commitment fee.

MANAGER
The member (or members) of an underwriting syndicate -charged with the primary responsibility for conducting the affairs of the syndicate. The managers take the largest underwriting commitment.

UNDERWRITER
The underwriter serving as head of the syndicate. The lead Manager generally handles negotiations in a negotiated underwriting of a new issue of municipal securities or directs the process by which a bid is determined for a competitive underwriting. The lead Manager also is charged with allocating securities among the members of the syndicate in accordance with the terms of the syndicate agreement or agreement among underwriters.

UNDERWRITING GROUP
Any member of the management group.

MASTER LEASE AGREEMENTS
A lease agreement with a provider to lease equipment or facilities whose useful life is too short, or whose cost is too small to finance with conventional long-term debt. Various pieces and types of real and personal property from different vendors over a period of time can be acquired under one master lease agreement. Interest can be fixed or tied to an index. Financing costs are normally minimal, but the interest cost may be higher than with other instruments.

MARKS-ROOS BONDS
Bonds issued by a joint powers authority to buy other bond issues. By pooling bond issues, marketability can be improved and administration costs are reduced. Often used in the case of a negotiated sale of successor agency debt in order to avoid the competitive sale requirements for such debt.

MOODY'S INVESTORS SERVICE, INC.

A financial service company, a subsidiary of Dun & Bradstreet Corp. has provided ratings for municipal securities and other financial information to investors since 1918.

MUNICIPAL SECURITIES RULEMAKING BOARD (MSRB)
A self-regulating organization established on September 5, 1975 whose mission is to protect investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its the EMMA website.

NEGOTIATED SALE
A sale of securities in which the terms of sale are determined through negotiation between the issuer and the purchaser, typically an underwriter, without competitive bidding A.9.a
Packet Pg. 206 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21

NET INTEREST COST (NIC)
The average interest cost of a bond issue calculated on the basis of simple interest. This calculation involves a fraction in which the numerator is the gross amount of interest to be paid over the bonds' life (adjusted for the amount of discount or premium granted at the time of sale), and the denominator is the average life of the bond issue multiplied by the issue's par value.

NOTE
A written promise to pay a certain amount of money on a specific date, with interest. By convention, the maturity of a note is one year or less, making it short-term debt. However, financial instruments with a longer stated maturity sometimes are called Notes. For example, a bond anticipation note can have maturities of two years or longer.

OFFICIAL STATEMENT (OS)
A document published by the issuer that generally discloses material information on a new issue of municipal securities including the purposes of the issue, how the securities will be repaid, and the financial, economic and social characteristics of the issuing government. Investors may use this information to evaluate the credit quality of the securities. (See also Final Official Statement)

OPERATING LEASE
A lease that enables the lessee to acquire the use of an asset only, not its ownership as in a capital lease. The lease term typically runs for only a portion of the asset's useful life.

ORIGINAL ISSUE DISCOUNT BONDS
Bonds which are sold at a substantial discount from their par value at the time of the original sale.

OVERLAPPING DEBT
The legal jurisdictions of local governments often overlap one another. In some cases, one unit of government is located entirely within the boundaries of another. Overlapping debt represents the proportionate share of debt that must be borne by one unit of government because another government with overlapping or underlying taxing authority issued its own bonds.

PAR VALUE
The face value or principal amount of a security.

PAYING AGENT
An agent of the issuer with responsibility for timely payment of principal and interest to bond holders.

PRELIMINARY OFFICIAL STATEMENT (POS)
The POS is a preliminary version of the official statement that is used by an issuer or underwriters to describe the proposed issue of municipal securities prior to the determination of the interest rate(s) and offering price(s).

The preliminary official statement, also called a "red herring,” often is examined upon by potential purchasers prior to making an investment decision.

PREMIUM
The excess of the price at which a bond is sold over its face value.

PRESENT VALUE
The value of a future amount or stream of revenues or expenditures in current dollars.

PRIVATE ACTIVITY BONDS
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Packet Pg. 207 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
A bond where the use of bond proceeds is used for private purposes. If deemed a private activity bond, the interest is not tax exempt unless the use of the proceeds meets certain requirements of the Internal Revenue Code.

PUT OPTION
The right to demand repayment of principal prior to a bond's maturity. In the case of short-term variable rate debt, this right often is referred to as a variable-rate demand option.

REFUNDING
A procedure whereby an issuer refinances an outstanding bond issue by issuing new bonds.

REGISTERED BOND
A security on which the ownership is recorded by the issuer or its agent.

RESERVE FUND
A fund established by the indenture of a bond issue into which money is deposited for payment of debt service in case of a shortfall in current revenues.

REVENUE BONDS
Bonds secured by revenues generated by the facility that is financed or by dedicated user fees. Voter approval may or may not be required. Planning is more complex because costs and revenues affect each other. Credit enhancement (e.g., insurance, or letter of credit) may be needed because of the limited source of debt service payment.

SECONDARY MARKET
The market in which bonds are sold after their initial sale in the new issue market.

SENIOR LIEN BONDS
Bonds having a prior, or first claim on pledged revenues.

SERIAL BONDS
A bond issue in which the principal is repaid in periodic installments over the issue's life.

SOPHISTICATED INVESTOR
A purchaser of bonds, who is considered knowledgeable about the pricing and risk factors associated with the repayment of bonds. This type of investor usually purchases bonds in large dollar amounts, typically $100,000 or more.

SPECIAL ASSESSMENTS
A charge imposed against property or parcel of land that receives a special benefit by virtue of some public improvement that is not, or cannot be enjoyed by the public at large. Special assessment debt issues are those that finance such improvements and are repaid by the assessments charged to the benefiting property owners.

STANDARD & POOR'S CORPORATION (S&P)
A financial service company, a subsidiary of McGraw-Hill -Company. S&P provides ratings for municipal securities and other financial information to investors.

TAX ALLOCATION BONDS
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Packet Pg. 208 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
Bonds secured by property tax increment (property taxes generated on assessed value in excess of the frozen property tax base) in a redevelopment project area. These bonds are issued to promote economic development.

Voter approval is not required.

TAX INCREMENT
Property tax revenues derived from the incremental assessed value increases from the redevelopment project area’s frozen tax base.

TERM BONDS
A bond issue in which the entire principal matures on one date. Term bonds also refer to a particularly large maturity of a bond issue that is created by aggregating a series of maturities. In the latter instance, provision is made for mandatory structuring fund installments in advance of the term bond's maturity to reduce the burden of a particular large debt service payment in any one fiscal year.

TRUE INTEREST COST (TIC)
An expression of the average interest cost in present value terms. The true interest cost is a more accurate measurement of the bond issue's effective interest cost and should be used to ascertain the best bid in a competitive sale.

UNDERWRITER'S COUNSEL
An attorney engaged by the underwriter(s) to represent its interests in a debt transaction. Generally underwriter's counsel prepares the bond purchase agreement between the issuer and the underwriter and, when more than one underwriter is involved, the agreement among underwriters.

VARIABLE RATE BOND
A bond on which the interest rate is reset periodically, usually no less often than semi-annually. The interest rate is reset either by means of an auction or through an index.

VENDOR LEASES
A vendor of equipment acts as the lessor and investor, and holds the lease for its full term or may assign the lease. The motivating factor to the vendor is usually to encourage future sales of its product.

YIELD CURVE
A graph that plots the market yields on securities with different maturities, at a given point in time. The vertical axis represents the yields, while the horizontal axis depicts the time to maturity. The term structure of interest rates, as reflected by the yield curve, will vary according to market conditions, resulting in a wide variety of yield curve configurations.

YIELD-TO-MATURITY
The rate of return that an investor will receive if the bond remains outstanding and the investor holds the bond to maturity. The investor must take into account the price paid for the bonds, the dates of purchase and maturity, and the coupon rate on the bonds. The "yield to maturity" assumes that interest payments will be re-invested at the same coupon rate borne by the bond.

ZERO COUPON
A bond which does not pay interest periodically. Investors receive interest on the scheduled principal maturity date of the obligation.

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Packet Pg. 209 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
APPENDIX B: FORM OF FINANCING ASSISTANCE APPLICATION FOR CONDUIT DEBT I. PROPOSED OWNER OF THE PROJECT
A. Official Company Name:__________________________________________________________ DBAs (if applicable): _____________________________________________________________ Official Mailing Address:___________________________________________________________ ______________________________________________________________________________ Telephone:______________________ Fax:____________________________ Company Headquarters and address of primary operating location in California:______________________________________________________________________ B. Form of Ownership: Corporation ____________________________ Partnership:_________________ Sole Proprietorship________________________ Other (describe)__________________________________________________________ Is the proposed owner a subsidiary or affiliated directly or indirectly with any other organization? ___ If so, indicate relationship and name of related organization:
________________________________
If corporation, indicate state of incorporation:_____________________ and date qualified to do business in California (if incorporated elsewhere):_______________________ C. Officers Names & Home Address Other Business Affiliations President ___________________________ ________________________________ ___________________________ ________________________________ Vice President ___________________________ ________________________________ (Finance)
___________________________ ________________________________ A.9.a
Packet Pg. 210 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
Secretary ___________________________ ________________________________ Directors ___________________________ ________________________________ ___________________________ ________________________________ ___________________________ ________________________________ ___________________________ ________________________________ D. List name and home address of equity owners of 10% or more. If publicly held, indicate stock exchange traded on. If partnership, list General and Limited Partners and interest owned by each. If trust, list beneficiaries.
% of Equity
Name Home Address Interest Owned
_______________________ ______________________________ __________________ _______________________ ______________________________ __________________ _______________________ ______________________________ __________________ _______________________ ______________________________ __________________ E. Name, business address, and phone number of officer to whom all notices and communications concerning the project should be sent:

F. Principal Bank(s) of Account with name and phone number of contact person:

Name:___________________________ Contact:________________________________ Address:_______________________________________________________________________ Telephone:_______________________
Name:___________________________ Contact:________________________________ Address:_______________________________________________________________________ A.9.a
Packet Pg. 211 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
Telephone:_______________________
G. Counsel to Applicant:

Name:_________________________________________________________________________ Address:_______________________________________________________________________ Telephone:___________________________ Fax:_____________________________ H. Bond Counsel on proposed project:

Name:_________________________________________________________________________ Address:_______________________________________________________________________ Telephone:___________________________ Fax:_____________________________ I. Investment Banker for proposed project:

Name:_________________________________________________________________________ Address:_______________________________________________________________________ Telephone:___________________________ Fax:_____________________________ J. Company History
List past tax-exempt financing transactions:
______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ Have any of these projects ever been in default? ________Yes ________No If yes, please provide particulars:

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Packet Pg. 212 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ K. Is the firm or any of its principals currently or in the past 10 years been engaged in any litigation involving financing of the type and nature of that being proposed to the City. _____Yes _____No.

If yes, please provide the names of the principals and details of the litigation. Use additional pages if necessary.
______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ II. PROPOSED PROJECT
A. Give brief narrative explanation why project is being undertaken.

B. Narrative Description, including renderings if available of proposed project.

C. Proposed facilities to be constructed with bond proceeds (describe).

D. Does applicant now own the site of the proposed facility?_________ If not, has applicant entered into an option or commitment or other agreement to purchase it? E. Estimated useful life of buildings, equipment, or off-site improvements.

F. Does the proposed project involve, in whole or in part, any of the following: residential real property; sports facilities; commercial property; health care facilities; manufacturing facilities; entertainment facilities; or industrial land development activities? Yes_____ No_____ If yes, please explain. ______________________________________________________________________________ ______________________________________________________________________________ _____________________________________________________________________________ G. Estimated date on which facilities will:

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Packet Pg. 213 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) City of Moreno Valley Fiscal
Policy #3.10

DEBT MANAGEMENT POLICY
Approved by: City Council & MVPFA
January 28, 2014
Revised: 2/7/17, 3/19/19,4/21/20, 5/18/21
Start construction:_________________ Complete construction:_____________________ III. COST OF THE PROJECT
State the costs reasonably necessary to the acquisition or construction of the proposed project together with any machinery and equipment necessary or convenient in connection therewith, and including any utilities, access roads or apportionment facilities;
A. Land and Facilities $___________________________
B. Architectural and Engineering $___________________________ C. Construction Costs: $___________________________
D. Interest during construction: $___________________________ E. Financing, legal, miscellaneous
(from ______ to ______) $___________________________
(please specify)
F. Contingency (if appropriate) $___________________________ TOTAL $___________________________
IV. SIGNIFICANT PUBLIC BENEFITS
Please furnish a description of the significant public benefits that will arise from the issuance of bonds in the maximum amount proposed in the application.

A. Employment creation/displacement – will the completion of the project contribute to job creation? Explain.

B. Energy, mineral or natural or cultivated resource conservation – will the completion of the project lead to increased utilization of resources:

1. Estimate of increased utilization of resources.

2. Estimate of increases in cost to the public due to increased utilization.

C. Does construction of the project, or completion of the project, have any adverse environmental impacts, including additional waste disposal?

1. Estimate of the environmental impacts.

2. Include copies of any required Environmental Impact Reports.

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Packet Pg. 214 Attachment: Debt Management Policy - 5.18.21 (5764 : ANNUAL REVIEW OF THE DEBT MANAGEMENT POLICY) Report to City Council
ID#5843 Page 1
TO: Mayor and City Council
Mayor and City Council Acting in its Capacity as
President and Members of the Board of Directors of the
Moreno Valley Community Services District (CSD)
Mayor and City Council Acting in its Capacity as Members of the Moreno Valley Successor Agency (SA)
FROM: Brian Mohan, Assistant City Manager
Mike Lee, City Manager
AGENDA DATE: June 21, 2022
TITLE: FISCAL YEAR 2021/22 THIRD QUARTER BUDGET

REVIEW AND APPROVAL OF THE THIRD QUARTER

BUDGET AMENDMENTS

RECOMMENDED ACTION
Recommendations: That the City Council:

1. Receive and file the Fiscal Year 2021/22 Third Quarter Budget Review.

2. Adopt Resolution No. 2022-XX. A resolution of the City Council of the City of Moreno Valley, California, adopting the revised budgets for fiscal years 2021/22 – 2022/23.

3. Approve the City Position Summary.

4. Approve the salary schedules effective July 9, 2022.

5. Approve the Moreno Valley Community Foundation Budget.

Recommendations: That the MVCF

1. Adopt Resolution No. MVCF 2022-XX. A Resolution of the Moreno Valley Community Foundation of the City of Moreno Valley, adopting the revised operating and capital budgets for Fiscal Years (FY) 2021/22 – 2022/23.

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Recommendations: That the CSD:

1. Adopt Resolution No. CSD 2022-XX. A resolution of the Moreno Valley Community Services District of the City of Moreno Valley, California, adopting the revised operating and capital budgets for Fiscal Years 2021/22 – 2022/23.

Recommendations: That the City Council as SA:

1. Adopt Resolution No. SA 2022-XX. A Resolution of the City Council of the City of Moreno Valley, California, Serving as Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley, California, adopting the revised operating and capital budget for Fiscal Years 2021/22 – 2022/23.

SUMMARY
This report provides the Third Quarter Budget Report, which updates the Mayor and City Council regarding current year financial trends, and provides the Fiscal Year 2021/22 Third Quarter Budget Review through March 31, 2021. This report also requests the approval of certain FY 2021/22 and FY 2022/23 revenue and expenditure budget amendments.

This item was noticed on the May 24, 2022 Finance Subcommittee agenda for review and discussion.

DISCUSSION
Based on a long-term practice of maintaining a structurally balanced budget and being identified as one of the most fiscally fit cities in the Country, on May 4, 2021, the City Council continued this trend and adopted the Two-Year Operating Budget for Fiscal Years 2021/22 – 2022/23, while adhering to those past practices. Additionally, as established after the last recession, the budget continues to fund and maintain separate reserves specifically established for periods of economic uncertainty or natural disasters. The budget included all component units of the City, including the General Fund, Community Services District, Housing Authority and Successor Agency. During the two-year budget period, the City Council will be updated of the City’s financial condition through the process of Quarterly Budget Reviews. This ongoing process ensures a forum to review expenditure and revenue changes from the estimates made in the budget document. Additionally, any significant changes in projected revenue or unanticipated expenditures that may occur will be presented to the City Council.

This report provides the FY 2021/22 Third Quarter Review for the first nine months, July thru March. The Third Quarter budget review will focus primarily on the City’s General Fund. This review will also present nine-month operational results from other key funds.

The City Council’s direction of “Maintain a Balanced General Fund Budget” serves as a foundation for the fiscal status of City operations. Ongoing funding is directed to sustain ongoing operational expenses; one-time funding is directed toward one-time expenditures. This report identifies the budget adjustments as recommended by the A.10
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City Manager.

FISCAL YEAR 2021/22 THIRD QUARTER REVIEW:

This Third Quarter Report updates the Mayor and City Council regarding current year financial trends and provides the opportunity for the City Council to review the recommended actions as they relate to revenues and expenditures.

General Fund Revenue Update
Revenue receipts do not follow an even schedule. Although 75% of the fiscal year has elapsed, based on historic trends revenues are estimated to be at approximately 62% of the budgeted amount. Actual revenues received are currently 67% of budget. As the FY 2021/22 revenue estimates were developed prior to the adoption of the budget on May 4, 2021, the revenue estimates may require adjustments based on the FY 2021/22 actuals and revised projections throughout the year. Although there will be variances in some of the amounts budgeted, the total is expected to remain within 1% of the amended budget for the year. It should be noted that the lag in timing of revenue receipts helps illustrate the need for an operating cash reserve throughout each fiscal year.

General Fund Expenditure Update
Although not all expenditures follow a straight-line spending pattern, operating expenditures should track close to within 75% of budget for the year at the end of the first nine months. As of March 31, 2021, total General Fund expenditures were at 63%.

This pace is within expectations for most activities in the General Fund.

FISCAL YEAR 2021/22 BUDGET ADJUSTMENTS
The FY 2021/22 General Fund revenue budget, as amended, totals approximately $126 million. Based on economic activity and revenue collections through March 2021, staff is recommending Third Quarter budget increase of $1.1 million to approximately $127.1 million. This increase is primarily driven by increased inspection fee revenue.

The FY 2021/22 General Fund expenditures budget as currently amended, and excluding one-time expenditures from fund balance, totals approximately $126 million.

The recommended Third Quarter budget amendments increase expenditures by $1.1 million to $127.1 million. This is primarily due to adjustments for investments in technology to meet our strategic initiatives. The fund continues to be structurally balanced, without the use of fund balance for ongoing operations. The specific budget adjustments for the General Fund are summarized in Exhibit A attached to the City Council Resolutions recommended for approval.

Fund Type
(Rev/Exp)
FY 2021/22
Amended
Budget
Proposed
Adjustments
FY 2021/22
Amended
Budget
Proposed
Adjustments
(%)
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General Fund Rev $126,026,604

$1,065,400 $127,092,004 <1%
General Fund Exp $126,021,524 $1,065,400 $127,086,924 <1% Net Total $5,080 $0 $5,080
Summaries of Other Major Funds
The following provides a summary of some of the proposed budget adjustments to other major funds. A complete list of all changes are identified in Exhibit A to the Resolutions.

Gas Tax (Fund 2000)
Revised budget based on new estimates from State.

Measure A (Fund 2001)
Revised budget based on new estimates from Riverside County Transportation Commission (RCTC).

Capital Projects Reimbursement (3008)
Additional General Fund transfer for pavement rehabilitation projects.

FISCAL YEAR 2022/23 PERSONNEL UPDATES
City Position Summary Action
The City Position Summary as amended by the City Council serves as an important internal control tool for City Council to establish authorized positions for the City while enabling staff to manage within the authorized and funded positions. The City Position Summary addresses career authorized positions and does not include temporary positions. As a result of operational changes, some positions are being requested to be adjusted based on current and projected demands for those positions and services.

Staff recommends the following updates to the City Position Summary:

Department / Position Title Adjustment
FY 2022/23
Requested
Budget
Amendment
City Clerk
Executive Assistant to Mayor / City Council PAM/C21 (1) $61,636 A.10
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Executive Assistant to Mayor / City Council DMG/C30 1
Senior Deputy City Clerk NE/C21 (1)
Senior Deputy City Clerk DMG/C30 1 $61,636
Community Development Department
Community Enhancement Division Manager FT 1 173,432
Financial & Management Services Department
Senior Accountant FT 1 $135,889
Public Works Department
Senior Landscape Services Inspector FT 1 $106,471
Permit Technician FT (1)
Senior Permit Technician FT 1 $0
Total Adjustment 3 $539,064

ALTERNATIVES

1. Approve Recommended Actions as set forth in this staff report, including the approval of the budget adjustments, as presented in Exhibit A. The approval of these items will allow ongoing activities to be carried out in the current fiscal year and the City is able to modify budgets and operations as necessary through this quarterly review, while retaining a structurally balanced General Fund budget.

Staff recommends this alternative.

1. Do not approve proposed Recommended Actions as set forth in this staff report, including the resolutions adopting the budget adjustments to the budget, as presented in Exhibit A. Staff does not recommend this alternative.

FISCAL IMPACT
The City’s Operating and Capital Budgets provide the funding and expenditure plan for all funds. As such, they serve as the City’s financial plan for the fiscal year. The fiscal impacts for the proposed budget amendments are identified in Exhibits A.

NOTIFICATION
Publication of the agenda.

PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:

Stephanie Cuff Brian Mohan
Senior Management Analyst Chief Financial Officer/City Treasurer A.10
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Concurred By: Approved by:

Launa Jimenez Mike Lee
Financial Resources Division Manager City Manager

CITY COUNCIL GOALS
Revenue Diversification and Preservation. Develop a variety of City revenue sources and policies to create a stable revenue base and fiscal policies to support essential City services, regardless of economic climate.

Public Safety. Provide a safe and secure environment for people and property in the community, control the number and severity of fire and hazardous material incidents, and provide protection for citizens who live, work and visit the City of Moreno Valley.

Public Facilities and Capital Projects. Ensure that needed public facilities, roadway improvements, and other infrastructure improvements are constructed and maintained.

CITY COUNCIL STRATEGIC PRIORITIES

1. Economic Development

2. Public Safety

3. Library

4. Infrastructure

5. Beautification, Community Engagement, and Quality of Life

6. Youth Programs
Objective 1.1: Proactively attract high-quality businesses.

Objective 1.2: Market all the opportunities for quality industrial development in Moreno Valley by promoting all high-profile industrial and business projects that set the City apart from others.

Objective 1.6: Establish Moreno Valley as the worldwide model in logistics development.

Objective 6.2: Improve health, wellness and fitness for Moreno Valley youth through recreation and sports programs.

ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.

1. FY21-22 Third Quarter Financial Report

2. City Resolution 2022-XX
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3. MVCF Resolution 2022-XX

4. CSD Resolution 2022-XX

5. SA Resolution 2022-XX

6. Exhibit A - Proposed Amendments

7. Exhibit B - MVCF Resolution 2022-XX

8. City Position Summary FY 21-22 - 22-23

9. Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22

APPROVALS
Budget Officer Approval ✓ Approved . 6/14/22 10:33 AM
City Attorney Approval ✓ Approved .

City Manager Approval ✓ Approved . 6/14/22 10:41 AM
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1 City of Moreno Valley
Fiscal Year 2021/22
Third Quarter Financial Summary
TO: Mayor and City Council
FROM: Brian Mohan, Chief Financial Officer/City Treasurer DATE: June 21, 2022

INTRODUCTION
On May 4, 2021, the City Council adopted the Two-Year Operating Budget for Fiscal Years (FY) 2021/22 – 2022/23. During the two-year budget period, the City Council will be kept apprised of the City’s financial condition through the process of First Quarter, Mid-Year and Third Quarter Reviews. This ongoing process ensures a forum to look at expenditure and revenue deviations from the estimates made in the budget document. Additionally, any significant changes in projected revenue or unanticipated expenditures that may occur will be shared with the City Council.

This report provides a review of the unaudited financial results at the Third Quarter of FY 2021/22 (July 2021 – March 2022, 75% of the fiscal year).

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CITYWIDE OPERATING EXPENDITURE SUMMARY
The following table contains a summary of the adopted budget, amended budget and the Third Quarter expenditures. The totals represent each major fund type and component unit of the City.

Table 1. Citywide Operating Expenditures
Actions taken by the City Council subsequent to the May 4, 2021 adoption of the two-year budget and included in the Amended Budget are:
• Throughout the fiscal year, there are also budget amendments to reflect the acceptance of grants and adjustments to contractual services and material/supplies. The individual amendments are reviewed as part of separate City Council agenda items. • The majority of this Third Quarter update will focus on the General Fund, as it supports all basic services provided to City residents. Highlights for other key component funds will be discussed at a summary level as well.

FY 2021/22
Adopted Budget
FY 2021/22
Amended Budget
Actuals as of
03/31/22
(unaudited)
% of Amended
Budget
Fund/Component Unit
General Fund $ 118,563,058 $ 126,021,524 $ 78,645,204 62.4% Community Services District (CSD) 25,010,512 26,420,753 14,868,242 56.3% Successor Agency 4,170,557 4,203,466 2,278,697 54.2%
Housing Fund 165,000 318,000 217,589 68.4%
Special Revenue Funds 34,986,207 123,166,429 54,271,974 44.1% Capital Projects Funds 7,649,986 65,772,383 4,706,011 7.2% Electric Utility Funds 37,867,825 48,932,896 29,374,312 60.0% Internal Service Funds 12,366,127 14,181,930 8,000,829 56.4% Debt Service Funds 4,242,688 4,242,688 2,512,497 59.2%
Total $ 245,021,960 $ 413,260,069 $ 194,875,356 47.2%
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3 GENERAL FUND OPERATING
Table 2. General Fund Operations
FY 2021/22
Adopted Budget
FY 2021/22
Amended Budget
Actuals as of
03/31/22
(unaudited)
% of Amended
Budget
Revenues:

Taxes:

Property Tax $ 18,026,000 $ 18,026,000 $ 11,102,512 61.6% Property Tax in-lieu 23,855,000 23,855,000 11,917,951 50.0% Utility Users Tax 15,717,540 15,717,540 11,827,299 75.2% Sales Tax 22,225,000 28,499,303 19,094,201 67.0%
Other Taxes 15,233,787 15,233,787 12,461,015 81.8%
Licenses & Permits 5,363,135 5,390,448 3,985,470 73.9%
Intergovernmental 418,239 684,042 459,452 67.2%
Charges for Services 12,531,982 13,340,759 12,127,861 90.9% Use of Money & Property 4,466,853 4,466,853 212,570 4.8% Fines & Forfeitures 499,500 499,500 376,186 75.3%
Miscellaneous 166,000 185,510 388,053 209.2%
Total Revenues $ 118,503,036 $ 125,898,742 $ 83,952,570 66.7% Expenditures:

Personnel Services $ 24,444,904 $ 26,166,466 $ 17,443,311 66.7% Contractual Services 82,273,089 62,625,825 39,134,540 62.5% Material & Supplies 1,240,280 2,122,279 1,024,305 48.3% General Government - - - -
Debt Service - - - -
Fixed Charges 6,166,821 6,166,821 4,459,028 72.3%
Fixed Assets - 21,190 - 0.0%
Total Expenditures $ 114,125,094 $ 97,102,581 $ 62,061,185 63.9% Excess (Deficiency) of Revenues
Over (Under) Expenditures $ 4,377,942 $ 28,796,161 $ 21,891,385 Transfers:

Transfers In $ 65,102 $ 127,862 $ 52,632 41.2%
Transfers Out 4,437,964 28,918,943 16,584,020 57.3%
Net Transfers $ (4,372,862) $ (28,791,081) $ (16,531,387) Total Revenues & Transfers In $ 118,568,138 $ 126,026,604 $ 84,005,202 66.7% Total Expenditures & Transfers Out 118,563,058 126,021,524 78,645,204 62.4% Net Change of Fund Balance $ 5,080 $ 5,080 $ 5,359,998
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General Fund Operating Revenues
The General Fund is comprised of several revenue types. However, the main sources include property tax, utility user’s tax, and sales tax. Each of these is affected by different economic activity cycles and pressures.

Table 3. General Fund Operating Revenues
Property Taxes/Property Taxes In-Lieu
Property taxes were budgeted to increase by 10% from the FY 2020/21 Amended Budget. The annual schedule of property tax payments from the County of Riverside will provide payments to the City based on the following estimated schedule:

Secured Property Tax Payment Dates
Settlement 1 January
Settlement 2 May
Settlement 3 August
Teeter Settlement October
Based on historical averages of actual receipts, the City is estimated to receive 60% of the budgeted property tax revenue through Third Quarter. The City has currently received 55% through Third Quarter. Property taxes will continue to be monitored as property valuations may adjust through the year based on property sales and assessment appeals filed with the County.

FY 2021/22
Adopted Budget
FY 2021/22
Amended Budget
Actuals as of
03/31/22
(unaudited)
% of Amended
Budget
Revenues:

Taxes:

Property Tax $ 18,026,000 $ 18,026,000 $ 11,102,512 61.6% Property Tax in-lieu 23,855,000 23,855,000 11,917,951 50.0% Utility Users Tax 15,717,540 15,717,540 11,827,299 75.2% Sales Tax 22,225,000 28,499,303 19,094,201 67.0%
Other Taxes 15,233,787 15,233,787 12,461,015 81.8%
Licenses & Permits 5,363,135 5,390,448 3,985,470 73.9%
Intergovernmental 418,239 684,042 459,452 67.2%
Charges for Services 12,531,982 13,340,759 12,127,861 90.9% Use of Money & Property 4,466,853 4,466,853 212,570 4.8% Fines & Forfeitures 499,500 499,500 376,186 75.3%
Miscellaneous 166,000 185,510 388,053 209.2%
Total Revenues $ 118,503,036 $ 125,898,742 $ 83,952,570 66.7% A.10.a
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Sales Taxes
Sales taxes were budgeted to increase by 20% from the FY 2020/21 Amended Budget. Sales tax receipts will need to be continually monitored through the year to determine if current trends begin to plateau or begin to decrease.

Based on historical averages of actual receipts, the City is estimated to receive 62% of the budgeted sales tax revenue through Third Quarter. The City has currently received 67% through Third Quarter.

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Utility Users Tax
Utility Users taxes were budgeted to remain the same as compared to FY 2020/21 Amended Budget. This projection is primarily due to competitive forces within the communications markets.

Both the wireless and wired markets experienced downturns year over year. Based on our discussions with utility tax experts, there are a couple of causes for this trend. First is competition and bundling practices within the market as more small players continue to join the market.

Second is the migration of customers from contract plans to prepaid plans.

Based on historical averages of actual receipts, the City is estimated to receive 69% of the budgeted utility users tax revenue through Third Quarter. The City has currently received 75% through Third Quarter.

Other Taxes
Other taxes are primarily composed of Business Gross Receipts, Transient Occupancy Tax, Documentary Transfer Tax, and Franchise Fees. Collectively, other taxes were budgeted to increase 21% from the FY 2020/21 Amended Budget.

Based on historical averages of actual receipts, the City is estimated to receive 66% of the budgeted Other Taxes revenue through Third Quarter. The City has currently received 82% through Third Quarter.

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Licenses & Permits
Licenses & Permits are primarily composed of Business and Animal Licenses, along with Building, Electrical, Mechanical, Plumbing and other permits. Collectively, Licenses & Permits were budgeted to increase by 4% from the FY 2020/21 Amended Budget. This increase reflects increases due to Commercial Cannabis Business Permits. This budget will be monitored for a possible future increase.

Based on historical averages of actual receipts, the City is estimated to receive 90% of the budgeted Licenses & Permits revenue through Third Quarter. The City has currently received 74% through Third Quarter. The collection rate is related primarily to building and business license permit activities.

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Charges for Services
Charges for Services are primarily composed of Plan Check Fees, Inspection Fees, Administrative Charges to other funds, and Parking Control Fines. Collectively, Charges for Services were conservatively budgeted to increase by 8% from the FY 2020/21 Amended Budget.

Based on historical averages of actual receipts, the City is estimated to receive 76% of the budgeted Charges for Services revenue through Third Quarter. The City has currently received 91% through Third Quarter.

Chart 5. General Fund Third Quarter Revenue Trend - Licenses & Permits Chart 6. General Fund Third Quarter Revenue Trend – Charges for Services A.10.a
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Use of Money and Property
Investment income continues to remain low due to extremely low rates of return for fixed income investments, but has increased over the last year due to actions taken by the Federal Open Market Committee (FOMC). The investments achieved a Yield to Maturity (YTM) for March 2022 of 1.35%. In addition, the City maintained funds in the State Local Agency Investment Fund Pool (LAIF) with a YTM of .365%. The FOMC raised the federal funds rate by 0.25% at their March 16 meeting to a target range of 0.25% to 0.50%. This is a very low rate of return compared to historical experience, but is indicative of how investment income is performing everywhere, which is the reason the City utilizes the active management approach. As stated at previous meetings, the FOMC target rate is estimated to be 3.4% at the end of calendar year 2022. Staff will continue to monitor closely to insure we maximize our investment income going forward.

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General Fund Expenditures
Expenditures are being spent in-line with prior year expenditures. Each Department’s activities will be monitored throughout the year as they may be impacted by different operational activities and project timelines.

Table 4. General Fund Expenditures
FY 2021/22
Adopted Budget
FY 2021/22
Amended Budget
Actuals as of
03/31/22
(unaudited)
% of Amended
Budget
Department
City Council $ 970,927 $ 997,415 $ 579,525 58.1%
City Clerk 1,036,287 1,036,287 568,304 54.8%
City Manager 1,593,535 1,593,535 1,026,300 64.4%
City Attorney 486,154 486,154 537,934 110.7%
Community Development 10,691,528 11,676,368 6,882,184 58.9% Economic Development 2,194,910 2,194,910 1,331,067 60.6% Financial & Management Services 13,524,673 14,199,328 7,491,110 52.8% Public Works 9,008,298 11,026,210 5,991,670 54.3%
Non-Departmental 6,045,219 30,590,798 19,115,397 62.5%
Non-Public Safety Subtotal $ 45,551,531 $ 73,801,005 $ 43,523,492 59.0% Public Safety
Police $ 50,404,105 $ 35,516,782 $ 20,325,907 57.2%
Fire 22,607,422 16,703,737 14,795,805 88.6%
Public Safety Subtotal $ 73,011,527 $ 52,220,519 $ 35,121,712 67.3% Total $ 118,563,058 $ 126,021,524 $ 78,645,204
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OTHER KEY FUNDS
The following summaries describe other major funds in the City.

Moreno Valley Community Services District
The Moreno Valley Community Services District (CSD) was formed by the voters in 1984 to collect fees and certain taxes to provide an array of services including parks, recreation and community services, streetlights, landscaping and ongoing maintenance. The CSD provides these services through separate “zones” that define the services that are provided.

For certain zones, the primary revenue source used to provide services to properties is parcel fees or taxes levied on properties via their annual tax bill. Proposition 218, passed by California voters in November 1996, and has posed a serious challenge to managing the future operation of the CSD zones. Prop. 218 requires any revenue increase to be addressed through a voting process by affected property owners. For a period following the initial implementation of Prop. 218, the CSD was successful in receiving approval for some new or increased revenues. There were also revenue increases due to the growth of developed parcels within the zones. However, due to cost increases that exceed any offsetting increases in the revenues over the past years, and the recent economic downturn slowing new parcel growth, property owners have been resistant to efforts to fully fund service levels.

Table 5. CSD Operations
FY 2021/22
Adopted Budget
FY 2021/22
Amended Budget
Actuals as of
03/31/22
(unaudited)
% of Amended
Budget
Revenues:

Taxes:

Property Tax $ 6,066,819 $ 6,066,819 $ 3,768,353 62.1%
Other Taxes 6,725,350 6,725,350 3,860,442 57.4%
Intergovernmental - 30,000 82,310 274.4%
Charges for Services 5,616,509 5,616,509 3,148,225 56.1% Use of Money & Property 956,955 1,056,955 364,034 34.4% Fines & Forfeitures 30,000 30,000 3,447 11.5%
Miscellaneous 20,210 20,210 17,175 85.0%
Transfers In 1,627,341 2,712,007 2,199,838 81.1%
Total Revenues $ 21,043,184 $ 22,257,850 $ 13,443,824 60.4% Expenditures:

Library Services Fund (5010) $ 3,031,763 $ 3,061,763 $ 2,380,301 77.7% Zone A Parks Fund (5011) 11,157,192 12,334,154 7,206,967 58.4% LMD 2014-01 Residential Street Lighting Fund (5012) 1,579,938 1,581,047 877,386 55.5% Zone C Arterial Street Lighting Fund (5110) 910,683 910,683 495,954 54.5% Zone D Standard Landscaping Fund (5111) 2,130,836 2,130,836 780,940 36.6% Zone E Extensive Landscaping Fund (5013) 440,374 440,374 262,867 59.7% 5014 LMD 2014-02 3,288,189 3,290,287 1,724,330 52.4%
Zone M Median Fund (5112) 600,719 600,719 216,732 36.1% CFD No. 1 (5113) 1,741,052 1,941,124 880,770 45.4%
Zone S Financial & Management Svcs (5114) 82,766 82,766 41,994 50.7% 5211 Zone A Parks - Restricted Assets 47,000 47,000 - 0.0% Total Expenditures $ 25,010,512 $ 26,420,753 $ 14,868,242 56.3% Net Change or
Adopted Use of Fund Balance $ (3,967,328) $ (4,162,903) $ (1,424,418) A.10.a
Packet Pg. 232 Attachment: FY21-22 Third Quarter Financial Report [Revision 2] (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE Third Quarter Financial Summary FY 2021/22 12
Community Services District Zone A – Parks & Community Services The largest Zone within the CSD is Zone A. It accounts for the administration and maintenance of the Parks & Community Services facilities and programs. Funding sources for these services come from a combination of property taxes, fees for service and smaller amounts from other City funds.

Table 6. CSD Zone A Operations
FY 2021/22
Adopted Budget
FY 2021/22
Amended Budget
Actuals as of
03/31/22
(unaudited)
% of Amended
Budget
Revenues:

Taxes:

Property Tax $ 3,294,219 $ 3,294,219 $ 1,926,972 58.5%
Other Taxes 4,977,000 4,977,000 2,794,053 56.1%
Charges for Services 943,709 943,709 663,184 70.3%
Use of Money & Property 804,255 904,255 466,870 51.6%
Miscellaneous 20,200 20,200 2,374 11.8%
Transfers In - 991,362 991,362 100.0%
Total Revenues $ 10,039,383 $ 11,130,745 $ 6,844,815 61.5% Expenditures:
35010 Parks & Comm Svcs - Admin $ 1,181,144 $ 1,181,144 $ 475,642 40.3% 35210 Park Maintenance - General 3,932,946 4,870,733 2,666,730 54.8% 35211 Contract Park Maintenance 470,474 470,474 293,277 62.3% 35212 Park Ranger Program 372,265 475,840 240,621 50.6% 35213 Golf Course Program 483,424 483,424 334,158 69.1% 35214 Parks Projects 89,359 89,359 53,445 59.8%
35216 CFD#1 - - 17,612 0.0%
35310 Senior Program 623,053 626,153 450,103 71.9%
35311 Community Services 342,961 342,961 236,438 68.9%
35312 Community Events 268,083 270,583 364,566 134.7%
35313 Conf & Rec Cntr 476,676 476,676 349,526 73.3%
35314 Conf & Rec Cntr - Banquet 383,233 383,233 268,903 70.2% 35315 Recreation Programs 1,203,085 1,205,585 864,757 71.7% 35317 July 4th Celebration 111,990 111,990 90,394 80.7% 35318 Sports Programs 613,175 615,675 391,781 63.6%
35319 Towngate Community Center 29,800 29,800 27,396 91.9% 35320 Amphitheater 41,805.00 166,805.00 19,436 11.7%
80003 CIP - Buildings 533,719.00 533,719.00 - 0.0%
95011 Non-Dept Zone A Parks - - 62,182 0.0%
Total Expenditures $ 11,157,192 $ 12,334,154 $ 7,206,967 58.4% Net Change or
Adopted Use of Fund Balance $ (1,117,809) $ (1,203,409) $ (362,152) A.10.a
Packet Pg. 233 Attachment: FY21-22 Third Quarter Financial Report [Revision 2] (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE Third Quarter Financial Summary FY 2021/22 13
Electric Utility
The Moreno Valley Utility (MVU) manages the operation, maintenance and business planning of the City’s electric utility. MVU’s basic purpose is to purchase and distribute electricity to customers in newly developed areas of the City. The City began serving new customers in February 2004, and now serves more than 7,475 customers. As it reaches fiscal and operational maturity, MVU will continue to be a key component of the City’s economic development strategy.

The City Council has established special tiered rates for electric utility customers based upon factors such as the number of jobs created.

The main revenue source for this fund is derived from charges for services. The customer base includes residential, commercial and industrial customers. The growth in customer base will continue to provide for the ability to create rate stabilization and replacement reserve funding.

Table 7. MVU Operations
MVU’s revenues and expenses will fluctuate annually based on energy demands.

FY 2021/22
Adopted Budget
FY 2021/22
Amended Budget
Actuals as of
03/31/22
(unaudited)
% of Amended
Budget
Revenues:

Taxes:

Charges for Services $ 39,836,825 $ 41,328,825 32,412,158 78.4% Use of Money & Property 333,000 333,000 (160,154) -48.1% Miscellaneous 152,500 152,500 609,290 399.5%
Total Revenues $ 40,322,325 $ 41,814,325 $ 32,861,294 78.6% Expenditures:
45510 Electric Utility - General $ 28,900,142 $ 32,325,767 $ 20,082,451 62.1% 45511 Public Purpose Program 1,644,148 2,026,148 821,872 40.6% 45512 SCE Served Street Lights 835,000 925,000 523,979 56.6% 80005 CIP - Electric Utility 1,489,536 8,232,041 1,752,887 21.3% 96010 Non-Dept Electric - - 26,944 0.0%
96030 Non-Dept 2005 Lease Revenue Bonds 2,600,000 2,950,500 3,639,242 123.3% 96021 Non-Dept 2016 Tax LRB of 07 Tax 807,900 424,623 614,174 144.6% 96031 Non-Dept 2013 Refunding 05 LRB 13,245 13,245 171,905 1297.9% 96032 Non-Dept 2014 Refunding 2005 LRB 119,418 119,418 59,911 50.2% 96040 Non-Dept 2015 Taxable LRB 441,106 -122,881 156,525 -127.4% 96041 Non-Dept 2021 LRB Refinance - 948,867 623,534 65.7% 96050 Non-Dept 2018 Streetlight Fin 380,705 185,282 185,282 100.0% 96051 Non-Dept 2021 Streetlight Refin. - 268,261 398,257 148.5% 96060 Non-Dept 2019 Taxable LRB 636,625 636,625 317,350 49.8% Total Expenditures $ 37,867,825 $ 48,932,896 $ 29,374,312 60.0% Net Change or
Adopted Use of Fund Balance $ 2,454,500 $ (7,118,571) $ 3,486,982 A.10.a
Packet Pg. 234 Attachment: FY21-22 Third Quarter Financial Report [Revision 2] (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE Third Quarter Financial Summary FY 2021/22 14

SUMMARY
The City of Moreno Valley has experienced certain levels of growth and continues to maintain a structurally balanced Budget without the use of reserves.

The economic climate is ever changing during this pandemic due to constant changing of the opening/closing guidelines based on new wave of positive cases that are continuing to increase and the detection of new variants. For these reasons, the City must remain optimistically cautious and only increase revenues when they are actually received. Staff will continue to monitor and request quarterly revenue adjustment based on this approach. These revenue adjustments will be offset by replenishing our expenditure levels accordingly.

A.10.a
Packet Pg. 235 Attachment: FY21-22 Third Quarter Financial Report [Revision 2] (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE 1 Resolution No. 2022-XX
Date Adopted: June 21, 2022
RESOLUTION NO. 2022-XX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

MORENO VALLEY, CALIFORNIA, ADOPTING THE

REVISED OPERATING AND CAPITAL BUDGETS FOR
FISCAL YEAR 2021/22 and 2022/23
WHEREAS, the City Council approved the Operating and Capital Budgets for the City for Fiscal Year 2021/22 and 2022/23, a copy of which, as may have been amended by the City Council, is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the City Council approves amendments to the budgets throughout the fiscal year and such prior amendments are reflected within the current amended budget and further ratified as part of the adoption of the quarterly budget amendments; and
WHEREAS, the City Manager has heretofore submitted to the City Council proposed amendments to the Operating and Capital Budgets for the City for Fiscal Year 2021/22 and 2022/23, a copy of which, as may have been amended by the City Council, is on file in the Office of the City Clerk and is available for public inspection; and WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain estimates of the services, activities and projects comprising the budget, and contains expenditure requirements and the resources available to the City; and WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain the estimates of uses of fund balance as required to stabilize the delivery of City services during periods of operational deficits; and WHEREAS, the City Council has made such revisions to the proposed amended Operating and Capital Budgets as so desired; and
WHEREAS, the amended Operating and Capital Budgets, as herein approved, will enable the City Council to make adequate financial plans and will ensure that City officers can administer their respective functions in accordance with such plans.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORENO
VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

1. The proposed amendments to the Operating and Capital Budgets, as Exhibit A to this Resolution and as on file in the Office of the City Clerk, and as may have been amended by the City Council, are hereby approved and adopted as the annual Operating and Capital Budgets of the City of Moreno Valley for Fiscal Year 2021/22 and 2022/23.

A.10.b
Packet Pg. 236 Attachment: City Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 2 Resolution No. 2022-XX
Date Adopted: June 21, 2022

2. The Proposed Amendments to City Position Summary included within the staff report and contained in the City Position Summary attached as Attachment 7 and on file in the Office of the City Clerk, and as may have been amended by the City Council, is hereby adopted as part of the Approved City Position Summary of the City of Moreno Valley for Fiscal Year 2021/22 and 2022/23.

3. Approve the Salary Schedule included within the staff report and contained in the Salary Schedule attached as Attachment 8.

4. The amounts of proposed expenditures, which include the uses of fund balance specified in the approved budget, are hereby appropriated for the various budget programs and units for said fiscal years.

5. Within fifteen (15) days after the adoption of this Resolution, the Acting City Clerk shall certify to the adoption hereof and, as so certified, cause a copy to be posted in at least three (3) public places within the City.

BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon its adoption.

APPROVED AND ADOPTED this 21st day of June, 2022.
___________________________
Mayor of the City of Moreno Valley
ATTEST:
____________________________
Acting City Clerk
APPROVED AS TO FORM:
____________________________
City Attorney
A.10.b
Packet Pg. 237 Attachment: City Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 3 Resolution No. 2022-XX
Date Adopted: June 21, 2022

RESOLUTION JURAT

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF MORENO VALLEY )
I, Brian Mohan, Acting City Clerk of the City of Moreno Valley, California, do hereby certify that Resolution No. 2022-XX was duly and regularly adopted by the City Council of the City of Moreno Valley at a regular meeting thereof held on the 21st day of June, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
___________________________________

ACTING CITY CLERK
(SEAL)
A.10.b
Packet Pg. 238 Attachment: City Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 1 Resolution No. MVCF 2022-XX
Date Adopted: June 21, 2022
RESOLUTION NO. MVCF 2022-XX

A RESOLUTION OF THE MORENO VALLEY COMMUNITY

FOUNDATION OF THE CITY OF MORENO VALLEY,

CALIFORNIA, ADOPTING THE REVISED OPERATING
AND CAPITAL BUDGETS FOR FISCAL YEAR 2021/22 and
2022/23
WHEREAS, the MVCF Board approved the Operating and Capital Budgets for the City for Fiscal Year 2021/22 and 2022/23, a copy of which, as may have been amended by the MVCF Board, is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the MVCF Board approves amendments to the budgets throughout the fiscal year and such prior amendments are reflected within the current amended budget and further ratified as part of the adoption of the quarterly budget amendments; and
WHEREAS, the City Manager has heretofore submitted to the President and Board Members of the Moreno Valley Community Foundation proposed amendments to the Operating and Capital Budgets for the Foundation for Fiscal Year 2021/22 and 2022/23, a copy of which, as may have been amended by the Foundation’s Board of Directors, is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain estimates of the services, activities and projects comprising the budget, and contain expenditure requirements and the resources available to the Community Foundation; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain the estimates of uses of fund balance as required to stabilize the delivery of MVCF services during periods of operational deficits; and WHEREAS, the President and Board of Directors have made such revisions to the proposed amended Operating and Capital Budgets as so desired; and WHEREAS, the amended Operating and Capital Budgets, as herein approved, will enable the Community Foundation to make adequate financial plans and will ensure that Foundation officers can administer their respective functions in accordance with such plans.

NOW, THEREFORE, THE MORENO VALLEY COMMUNITY FOUNDATION OF

THE CITY OF MORENO VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

A.10.c
Packet Pg. 239 Attachment: MVCF Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 2 Resolution No. MVCF 2022-XX
Date Adopted: June 21, 2022

1. The proposed amendments to the Operating and Capital Budgets, as Exhibit A to this Resolution and as on file in the Office of the City Clerk, and as may have been amended by the Community Foundation’s Board of Directors, is hereby approved and adopted as the annual Operating and Capital Budgets of the Moreno Valley Community Foundation for the Fiscal Year 2021/22 and 2022/23.

2. Approve Exhibit B which is a summary of the proposed amendments to the Operating and Capital Budgets and as on file in the Office of the City Clerk, and as may have been amended by the Community Foundation’s Board of Directors, is hereby approved and adopted as the annual Operating and Capital Budgets of the Moreno Valley Community Foundation for the Fiscal Year 2021/22 and 2022/23.

3. The Proposed Amendments to City Position Summary included within the staff report and contained in the City Position Summary attached as Attachment 7 and on file in the Office of the City Clerk, and as may have been amended by the Community Foundation’s Board of Directors, is hereby adopted as part of the Approved City Position Summary of the City of Moreno Valley for Fiscal Year 2021/22 and 2022/23.

4. Approve the Salary Schedule included within the staff report and contained in the Salary Schedule attached as Attachment 8.

5. The amounts of proposed expenditures, which include the uses of fund balance specified in the approved budget, are hereby appropriated for the various budget programs and units for said fiscal years.

6. Within fifteen (15) days after the adoption of this Resolution, the Acting City Clerk shall certify to the adoption hereof and, as so certified, cause a copy to be posted in at least three (3) public places within the City.

BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon its adoption.

APPROVED AND ADOPTED this 21st day of June, 2022
______________________________
Mayor of the City of Moreno Valley,
Acting in the capacity of President of the
Moreno Valley Community Foundation
ATTEST:
_______________________________
Acting City Clerk, acting in the capacity of
Secretary of the Moreno Valley
Community Foundation
A.10.c
Packet Pg. 240 Attachment: MVCF Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 3 Resolution No. MVCF 2022-XX
Date Adopted: June 21, 2022
APPROVED AS TO FORM:
______________________________
City Attorney, acting in the capacity
of General Counsel of the Moreno
Valley Community Foundation

RESOLUTION JURAT

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF MORENO VALLEY )
I, Brian Mohan, Acting Secretary of the Moreno Valley Community Foundation, Moreno Valley, California do hereby certify that Resolution No. MVCF 2022-XX was duly and regularly adopted by the Board of Directors of the Moreno Valley Community Foundation at a regular meeting held on the 21
st day of June, 2022 by the following
vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
(Board members, Vice-President and President)
_________________________________
A.10.c
Packet Pg. 241 Attachment: MVCF Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 4 Resolution No. MVCF 2022-XX
Date Adopted: June 21, 2022

ACTING SECRETARY
(SEAL)
A.10.c
Packet Pg. 242 Attachment: MVCF Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 1 Resolution No. CSD 2022-XX
Date Adopted: June 21, 2022
RESOLUTION NO. CSD 2022-XX

A RESOLUTION OF THE MORENO VALLEY COMMUNITY

SERVICES DISTRICT OF THE CITY OF MORENO

VALLEY, CALIFORNIA, ADOPTING THE REVISED

OPERATING AND CAPITAL BUDGETS FOR FISCAL
YEAR 2021/22 and 2022/23
WHEREAS, the CSD Board approved the Operating and Capital Budgets for the City for Fiscal Year 2021/22 and 2022/23, a copy of which, as may have been amended by the CSD Board, is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the CSD Board approves amendments to the budgets throughout the fiscal year and such prior amendments are reflected within the current amended budget and further ratified as part of the adoption of the quarterly budget amendments; and
WHEREAS, the City Manager has heretofore submitted to the President and Board Members of the Moreno Valley Community Services District proposed amendments to the Operating and Capital Budgets for the District for Fiscal Year 2021/22 and 2022/23, a copy of which, as may have been amended by the District’s Board of Directors, is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain estimates of the services, activities and projects comprising the budget, and contain expenditure requirements and the resources available to the Community Services District; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain the estimates of uses of fund balance as required to stabilize the delivery of CSD services during periods of operational deficits; and WHEREAS, the President and Board of Directors have made such revisions to the proposed amended Operating and Capital Budgets as so desired; and WHEREAS, the amended Operating and Capital Budgets, as herein approved, will enable the Community Services District to make adequate financial plans and will ensure that District officers can administer their respective functions in accordance with such plans.

NOW, THEREFORE, THE MORENO VALLEY COMMUNITY SERVICES

DISTRICT OF THE CITY OF MORENO VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

A.10.d
Packet Pg. 243 Attachment: CSD Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 2 Resolution No. CSD 2022-XX
Date Adopted: June 21, 2022

1. The proposed amendments to the Operating and Capital Budgets, as Exhibit A to this Resolution and as on file in the Office of the City Clerk, and as may have been amended by the Community Services District’s Board of Directors, is hereby approved and adopted as the annual Operating and Capital Budgets of the Moreno Valley Community Services District for the Fiscal Year 2021/22 and 2022/23.

2. The Proposed Amendments to City Position Summary included within the staff report and contained in the City Position Summary attached as Attachment 7 and on file in the Office of the City Clerk, and as may have been amended by the Community Services District’s Board of Directors, is hereby adopted as part of the Approved City Position Summary of the City of Moreno Valley for Fiscal Year 2021/22 and 2022/23.

3. Approve the Salary Schedule included within the staff report and contained in the Salary Schedule attached as Attachment 8.

4. The amounts of proposed expenditures, which include the uses of fund balance specified in the approved budget, are hereby appropriated for the various budget programs and units for said fiscal years.

5. Within fifteen (15) days after the adoption of this Resolution, the Acting City Clerk shall certify to the adoption hereof and, as so certified, cause a copy to be posted in at least three (3) public places within the City.

BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon its adoption.

APPROVED AND ADOPTED this 21st day of June, 2022
______________________________
Mayor of the City of Moreno Valley,
Acting in the capacity of President of the
Moreno Valley Community Services District
ATTEST:
_______________________________
Acting City Clerk, acting in the capacity of
Secretary of the Moreno Valley
Community Services District
APPROVED AS TO FORM:
______________________________
City Attorney, acting in the capacity
of General Counsel of the Moreno
Valley Community Services District
A.10.d
Packet Pg. 244 Attachment: CSD Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 3 Resolution No. CSD 2022-XX
Date Adopted: June 21, 2022

RESOLUTION JURAT

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF MORENO VALLEY )
I, Brian Mohan, Acting Secretary of the Moreno Valley Community Services District, Moreno Valley, California do hereby certify that Resolution No. CSD 2022-XX was duly and regularly adopted by the Board of Directors of the Moreno Valley Community Services District at a regular meeting held on the 21 st day of June, 2022 by
the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
(Board members, Vice-President and President)
_________________________________

ACTING SECRETARY
(SEAL)
A.10.d
Packet Pg. 245 Attachment: CSD Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 1 Resolution No. SA 2022-XX
Date Adopted: June 21, 2022
RESOLUTION NO. SA 2022-XX

A RESOLUTION OF THE SUCCESSOR AGENCY TO THE

COMMUNITY REDEVELOPMENT AGENCY OF THE CITY

OF MORENO VALLEY, CALIFORNIA, ADOPTING THE

REVISED OPERATING AND CAPITAL BUDGETS FOR
FISCAL YEAR 2021/22 and 2022/23
WHEREAS, the Mayor and City Council of the City of Moreno Valley as Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley approved the Operating and Capital Budgets for the City for Fiscal Year 2021/22 and 2022/23, a copy of which, as may have been amended by the Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley, is on file in the Office of the City Clerk and is available for public inspection; and WHEREAS, the Mayor and City Council of the City of Moreno Valley as Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley approves amendments to the budgets throughout the fiscal year and such prior amendments are reflected within the current amended budget and further ratified as part of the adoption of the quarterly budget amendments; and WHEREAS, the City Manager has heretofore submitted to the Mayor and City Council of the City Moreno Valley as Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley proposed amendments to the Operating and Capital Budgets for the Agency for Fiscal Year 2021/22 and 2022/23, a copy of which, as may have been amended by the Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley, is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain estimates of the services, activities and projects comprising the budget, and contain expenditure requirements and the resources available to the Successor Agency; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain the estimates of uses of fund balance as required to stabilize the delivery of Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley services during periods of operational deficits; and WHEREAS, the Mayor and City Council have made such revisions to the proposed amended Operating and Capital Budgets as so desired; and WHEREAS, the amended Operating and Capital Budgets, as herein approved, will enable the Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley to make adequate financial plans and will ensure that City officers can administer their respective functions in accordance with such plans.

A.10.e
Packet Pg. 246 Attachment: SA Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 2 Resolution No. SA 2022-XX
Date Adopted: June 21, 2022

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORENO
VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

1. The proposed amendments to the Operating and Capital Budgets, as Exhibit A to this Resolution and as on file in the Office of the City Clerk, and as may have been amended by the Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley, is hereby approved and adopted as the annual Operating and Capital Budgets of the Moreno Valley Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley for Fiscal Year 2021/22 and 2022/23.

2. The Proposed Amendments to City Position Summary included within the staff report and contained in the City Position Summary attached as Attachment 7 and on file in the Office of the City Clerk, and as may have been amended by the Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley, is hereby adopted as part of the Approved City Position Summary of the City of Moreno Valley for Fiscal Year 2021/22 and 2022/23.

3. Approve the Salary Schedule included within the staff report and contained in the Salary Schedule attached as Attachment 8.

4. The amounts of proposed expenditures, which include the uses of fund balance specified in the approved budget, are hereby appropriated for the various budget programs and units for said fiscal years.

5. Within fifteen (15) days after the adoption of this Resolution, the Acting City Clerk shall certify to the adoption hereof and, as so certified, cause a copy to be posted in at least three (3) public places within the City.

BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon its adoption.

APPROVED AND ADOPTED this 21st day of June, 2022.
______________________________
Mayor of the City of Moreno Valley
ATTEST:
________________________________
Acting City Clerk
APPROVED AS TO FORM:
_______________________________
City Attorney
A.10.e
Packet Pg. 247 Attachment: SA Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) 3 Resolution No. SA 2022-XX
Date Adopted: June 21, 2022

RESOLUTION JURAT

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF MORENO VALLEY )
I, Brian Mohan, Acting City Clerk of the City of Moreno Valley, California do hereby certify that Resolution No. SA 2022-XX was duly and regularly adopted by the City Council of the City of Moreno Valley at a regular meeting held on the 21 st day of
June, 2022, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
_________________________________

SECRETARY
(SEAL)
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Packet Pg. 248 Attachment: SA Resolution 2022-XX (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET AMENDMENTS) Exhibit A ‐ Proposed Amendments
CITY OF MORENO VALLEYGENERAL FUNDFY 2021/22 Proposed Amendments Department Fund Account Description General Ledger Account Project Fiscal Year 2021/22 Amended Budget
Proposed
Amendment
Revised Budget Description - Proposed Adjustment
Community Development 1010 Building Permits 1010-20-28-20310-425000 3,000,000 $ 95,000 $ 3,095,000 $ Increased Building activity.

Community Development 1010 Admin Citation Fees 1010-20-26-20110-500900 375,000 175,000 550,000 Increased Community Enhancement activity.

Community Development 1010 Parking Control Fees 1010-20-26-20110-501020 1,200,000 461,000 1,661,000 Increased Parking activity.

Community Development 1010 Planning Fees 1010-20-27-20211-525000 2,033,777 220,000 2,253,777 Increased Planning activity.

Fire 1010 Annual Fire Inspection Fees 1010-40-46-30210-520010 262,900 1,400 264,300 Budgeting for anticipated revenue.Fire 1010 Fire Plan Check Fees 1010-40-46-30210-540030 190,000 54,000 244,000 Budgeting for anticipated revenue.Fire 1010 Apt Complex Inspection Fees 1010-40-46-30211-520040 300,000 59,000 359,000 Budgeting for anticipated revenue.REVENUE TOTAL $ 1,065,400 7,361,677 $ 8,427,077 $ City Council 1010 Council - Mayor Discretionary 1010-10-01-10015-620130 12,000 $ $ 6,000 (6,000) $ Budget true-up.

City Council 1010 Council - Mayor Discretionary-Carryover 1010-10-01-10015-620131 5,150 3,425 8,575 Budget true-up.City Council 1010 Council - Dist 1 Discretionary 1010-10-01-10011-620111 6,000 2,500 (3,500) Budget true-up.City Council 1010 Council - Dist 1 Discretionary-Carryover 1010-10-01-10011-620116 3,578 - (3,578) Budget true-up.City Council 1010 Council - Dist 2 Discretionary 1010-10-01-10012-620112 5,962 1,500 (4,462) Budget true-up.City Council 1010 Council - Dist 2 Discretionary-Carryover 1010-10-01-10012-620117 6,271 - (6,271) Budget true-up.City Council 1010 Council - Dist 3 Discretionary 1010-10-01-10013-620113 5,889 3,000 (2,889) Budget true-up.City Council 1010 Council - Dist 3 Discretionary-Carryover 1010-10-01-10013-620118 4,656 311 4,967 Budget true-up.City Council 1010 Council - Dist 4 Discretionary 1010-10-01-10014-620114 5,763 3,000 (2,763) Budget true-up.City Council 1010 Council - Dist 4 Discretionary-Carryover 1010-10-01-10014-620119 2,733 30 2,763 Budget true-up.Financial & Management Services 1010 Transfer to FACILITIES REPLACEMENT

RESERVE
1010-99-99-91010-907330 - 471,497 471,497 Budgeting for transfer.

Financial & Management Services 1010 Transfers to LMD 2014-01 1010-99-99-91010-905012 479,938 309,938 (170,000) Adjusting budget for lower than anticipated expenditures.

Financial & Management Services 1010 Transfers to ZONE "C" ART LGHT FUND 1010-99-99-91010-905110 239,933 - (239,933) Adjusting budget for lower than anticipated expenditures.Financial & Management Services 1010 Agency Svcs - Cnty 1010-60-65-40010-620320 1,908,210 1,527,958 (380,252) Citywide Camera System. General Fund net zero impact.

Financial & Management Services 1010 Transfers to TECHNOLOGY SERVICES

ASSET FUND
1010-99-99-91010-907220 - 380,252 380,252 Citywide Camera System.

Financial & Management Services 1010 Software Subscriptions 1010-30-39-25410-625012 1,135,960 198,025 1,333,985 Software subscriptions.

Financial & Management Services 1010 Professional Svcs - Other 1010-30-39-25410-620299 133,776 95,000 228,776 Configuration and implementation expenses.

Financial & Management Services 1010 Software Subscriptions 1010-30-39-25410-625012 1,135,960 62,638 1,198,598 Budget adjustment for anticipated software expenses.

Financial & Management Services 1010 Transfers to GENERAL LIABILITY INS FUND
1010-99-99-91010-907010 - 2,000,000 2,000,000 Budgeting for transfer.

Fire 1010 Agency Svcs - Cnty 1010-40-45-30110-620320 14,011,815 1,200,000 15,211,815 Budgeting for anticipated expenditures off-set by anticipated revenue and Public Safety savings.

Police 1010 Agency Svcs - Cnty 1010-60-66-40110-620320 12,475,493 11,222,493 (1,253,000) Adjusting budget for lower than anticipated expenditures.

Police 1010 Agency Svcs - Cnty 1010-60-67-40210-620320 7,414,600 7,126,100 (288,500) Adjusting budget for lower than anticipated expenditures.Police 1010 Agency Svcs - Cnty 1010-60-67-40220-620320 1,151,900 1,115,500 (36,400) Adjusting budget for lower than anticipated expenditures.Police 1010 Agency Svcs - Cnty 1010-60-68-40312-620320 2,362,135 2,291,635 (70,500) Adjusting budget for lower than anticipated expenditures.Police 1010 Agency Svcs - Cnty 1010-60-69-40410-620320 5,175,255 5,007,055 (168,200) Adjusting budget for lower than anticipated expenditures.Police 1010 Contractual Svcs - Other 1010-60-65-40010-625099 1,024,000 26,000 1,050,000 Supporting Public Safety Trauma Intervention Program.

Police 1010 Mach-Equip-Repl - Furn & Equip 1010-60-67-40210-660320 - 25,000 25,000 Equipment replacement.

Public Works 1010 Vacancy Factor 1010-99-99-91010-680414 (1,000,000) (1,000,000) (2,000,000) Budget transfer with zero net affect.

Public Works 1010 Professional Svcs - Other 1010-99-99-91010-620299 1,647,255 47,255 (1,600,000) Budget transfer with zero net affect.Public Works 1010 Transfers to CAPITAL PROJECTS

REIMBURSEMENT
1010-99-99-91010-903008 23,815,617 1,600,000 25,415,617 Budget transfer with zero net affect.

Public Works 1010 Professional Svcs - Other 1010-70-76-45110-620299 34,600 169,470 204,070 Continued consultant services.

Public Works 1010 Transfers to CAPITAL PROJECTS

REIMBURSEMENT
1010-99-99-91010-903008 23,815,617 70,000 23,885,617 Budgeting for projected expenses.

EXPENSES TOTAL $ 1,065,400 97,020,066 $ 98,085,466 $
CITY OF MORENO VALLEYNON - GENERAL FUNDFY 2021/22 Proposed Amendments Department Fund Account Description General Ledger Account Project Fiscal Year 2021/22 Amended Budget *
Proposed
Amendment
Revised Budget Description - Proposed Adjustment
Financial & Management Services 4105 Transfers In - From SUCCESSOR

AGENCY ADMIN FUND
4105-99-99-94105-804800 $ - $ 277,848 $ 277,848 Budgeting for Successor Agency transfer.

Financial & Management Services 5112 Transfers in - from CFD No. 2014-01 5112-99-99-95112-802050 3,000 7,000 10,000 Median projects.

Financial & Management Services 2006 Other Fees 2006-30-79-25701-509000 80,900 100,000 180,900 Projected revenue.

Financial & Management Services 2006 Landscape Plan Check Fees 2006-30-79-25701-540060 60,000 10,000 (50,000) Adjusting for projected revenue.

Financial & Management Services 2006 Administrative Charges 2006-30-79-25701-585020 658,972 250,000 908,972 Projected revenue.

Financial & Management Services 5012 Transfers in - from GENERAL FUND 5012-99-99-95012-801010 479,938 309,938 (170,000) Adjusting budget for lower than anticipated expenditures. 1 of 5
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Attachment: Exhibit A - Proposed Amendments (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND Exhibit A ‐ Proposed Amendments
CITY OF MORENO VALLEYNON-GENERAL FUNDFY 2021/22 Proposed Amendments Department Fund Account Description General Ledger Account Project Fiscal Year 2021/22 Amended Budget *
Proposed
Amendment
Revised Budget Description - Proposed Adjustment
Financial & Management Services 5110 Transfers in - from GENERAL FUND 5110-99-99-95110-801010 239,933 - (239,933) Adjusting budget for lower than anticipated expenditures.

Financial & Management Services 7220 Transfers in - from GENERAL FUND 7220-99-99-97220-801010 - 380,252 380,252 Citywide Camera System.

Financial & Management Services 7010 Transfers in - from GENERAL FUND 7010-99-99-97010-801010 - 2,000,000 2,000,000 Budgeting for transfer.Financial & Management Services 7210 Transfers in - within categ

TECHNOLOGY REPLACEMENT RESERVE
7210-99-99-97210-827230 55,300 167,000 222,300
Budgeting for transfer.

Financial & Management Services 7310 Transfers in - within categ FACILITIES

REPLACEMENT RESERVE
7310-99-99-97310-827330 - 33,000 33,000 Budgeting for transfer.

Financial & Management Services 7330 Transfers in - from GENERAL FUND 7330-99-99-97330-801010 - 471,497 471,497 Budgeting for transfer.

Parks & Community Services 3006 Transfers in - from CFD#1 3006-99-99-93006-805113 250,000 - (250,000) Transfer removal.

Parks & Community Services 2300 Fed Grant-Operating Revenue 2300-50-92-72206-485000 63,393 92,957 156,350 Child Care grant program.

Public Works 3008 Transfers in - from GENERAL FUND 3008-99-99-93008-801010 23,815,617 1,600,000 25,415,617 Budget transfer with zero net affect.

Public Works 2301 Fed Reimb-Capital 2301-99-99-92301-482020 804 0008-2301-98 11,797,201 14,197 11,811,398 Budgeting for projected revenues.

Public Works 2001 RCTC - Sales Tax 2001-99-99-92001-480180 3,536,000 1,944,000 5,480,000 RCTC sales tax.

Public Works 2000 State Gas Tax 2107 2000-99-99-92000-408000 1,410,285 277,762 1,688,047 Updated HUTA estimate.

Public Works 2000 State Gas Tax 2106 2000-99-99-92000-408020 729,185 16,070 745,255 Updated HUTA estimate.Public Works 2000 State Gas Tax 2105 2000-99-99-92000-408030 1,199,002 39,672 1,238,674 Updated HUTA estimate.

Public Works 2000 State Gas Tax 2103 2000-99-99-92000-408040 1,840,076 (64,128) 1,775,948 Updated HUTA estimate.

Public Works 2000 State Gas Tax - RMRA 2000-99-99-92000-408060 4,071,100 266,636 4,337,736 Updated RMRA estimate.

Public Works 3008 Transfers in - from GENERAL FUND 3008-99-99-93008-801010 23,815,617 70,000 23,885,617 Budgeting for projected expenses.

REVENUE TOTAL $ 7,233,830 74,105,519 $ 81,339,349 $
Financial & Management Services 4800 Transfers to TOWNGATE IMPR SPCL TAX
4800-99-99-94800-904105 - $ 277,848 $ 277,848 $ Budgeting for Successor Agency transfer.

Financial & Management Services 2050 Transfers to ZONE "M" MEDIAN FUND 2050-99-99-92050-905112 SD CFD 2014-01-LM02B- 7,000 3,000 10,000 Median projects.

Financial & Management Services 2006 Oper Mtrls - Furn & Equip 2006-30-79-25701-630330 1,000 30,000 31,000 Budgeting for expected expenditures.

Financial & Management Services 5012 Utilities - Electricity 5012-30-79-25703-621010 1,398,600 1,227,491 (171,109) Adjusting budget for lower than anticipated expenditures.

Financial & Management Services 5110 Utilities - Electricity 5110-30-79-25703-621010 793,800 553,867 (239,933) Adjusting budget for lower than anticipated expenditures.Financial & Management Services 7220 CIP Other 7220-30-39-80010-720199 810 0001 30 39 36,804 380,252 417,056 Citywide Camera System.

Financial & Management Services 7230 Transfers to - within cat TECHNOLOGY

SERVICES
7230-99-99-97230-927210 55,300 167,000 222,300 Budgeting for transfer.

Financial & Management Services 7330 Transfers to - within cat FACILITIES

MAINTENANCE FUND
7330-99-99-97330-927310 - 33,000 33,000 Budgeting for transfer.

Parks & Community Services 5011 Mach-Equip-New - Furn & Equip 5011-50-58-35312-660310 - 25,000 25,000 Allocate budget for Parks equipment.

Parks & Community Services 5113 Transfers to PARKS & RECREATION

CAP PROJ FD
5113-99-99-95113-903006 250,000 (250,000) - Transfer removal.

Parks & Community Services 3006 CIP Other 3006-50-57-80007-720199 807 0055-3006-99 485,587 235,587 (250,000) Transfer removal.

Parks & Community Services 5010 Salaries-Regular 5010-50-56-35110-611110 - 46,937 46,937 Reallocating personnel budget.

Parks & Community Services 5010 Salaries-Addl - Bilingual 5010-50-56-35110-611620 - 1,200 1,200 Reallocating personnel budget.Parks & Community Services 5010 Benefits - PERS & ERPD Def Comp 5010-50-56-35110-612110 - 18,906 18,906 Reallocating personnel budget.Parks & Community Services 5010 Benefits - Bank 5010-50-56-35110-612120 - 17,604 17,604 Reallocating personnel budget.Parks & Community Services 5010 Benefits - Medicare 5010-50-56-35110-612130 - 953 953 Reallocating personnel budget.Parks & Community Services 5010 Benefits - Group Life Insurance 5010-50-56-35110-612140 - 217 217 Reallocating personnel budget.Parks & Community Services 5010 Benefits - ST/LT Disability 5010-50-56-35110-612145 - 440 440 Reallocating personnel budget.Parks & Community Services 5010 Communications 5010-50-56-35110-620410 92,931 403 93,334 Reallocating personnel budget.Parks & Community Services 7310 Salaries-Regular 7310-70-40-18415-611110 46,937 - (46,937) Reallocating personnel budget.Parks & Community Services 7310 Salaries-Addl - Bilingual 7310-70-40-18415-611620 1,200 - (1,200) Reallocating personnel budget.Parks & Community Services 7310 Benefits - PERS & ERPD Def Comp 7310-70-40-18415-612110 18,906 - (18,906) Reallocating personnel budget.Parks & Community Services 7310 Benefits - Bank 7310-70-40-18415-612120 17,604 - (17,604) Reallocating personnel budget.Parks & Community Services 7310 Benefits - Medicare 7310-70-40-18415-612130 953 - (953) Reallocating personnel budget.Parks & Community Services 7310 Benefits - Group Life Insurance 7310-70-40-18415-612140 217 - (217) Reallocating personnel budget.Parks & Community Services 7310 Benefits - ST/LT Disability 7310-70-40-18415-612145 440 - (440) Reallocating personnel budget.Parks & Community Services 7310 Communications 7310-70-40-18415-620410 403 - (403) Reallocating personnel budget.Parks & Community Services 2300 Technical Svcs - Janitorial 2300-50-92-72206-620710 PCS CHILD-CRSA-03 - 500 500 Child Care grant program.

Parks & Community Services 2300 Oper Mtrls - Janitorial 2300-50-92-72206-630314 PCS CHILD-CRSA-03 - 2,500 2,500 Child Care grant program.Parks & Community Services 2300 Oper Mtrls - Furn & Equip 2300-50-92-72206-630330 PCS CHILD-CRSA-03 - 61,000 61,000 Child Care grant program.Parks & Community Services 2300 Oper Mtrls - Other 2300-50-92-72206-630399 PCS CHILD-CRSA-03 - 2,150 2,150 Child Care grant program.Parks & Community Services 2300 Technical Svcs - Janitorial 2300-50-92-72206-620710 PCS CHILD-ARPA-03 - 1,500 1,500 Child Care grant program.Parks & Community Services 2300 Oper Mtrls - Janitorial 2300-50-92-72206-630314 PCS CHILD-ARPA-03 - 3,500 3,500 Child Care grant program.Parks & Community Services 2300 Oper Mtrls - Furn & Equip 2300-50-92-72206-630330 PCS CHILD-ARPA-03 - 62,000 62,000 Child Care grant program.Parks & Community Services 2300 Oper Mtrls - Other 2300-50-92-72206-630399 PCS CHILD-ARPA-03 - 3,200 3,200 Child Care grant program.Parks & Community Services 2300 Oper Mtrls - Other 2300-50-92-72206-630399 PCS CHILD-LIC-03 - 20,000 20,000 Child Care grant program.Parks & Community Services 5016 Salaries-Regular 5016-50-57-25723-611110 - 15,000 15,000 Establishing a budget for new CFD 2021-01 for FY21/22 anticipated expenditures. 2 of 5
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Attachment: Exhibit A - Proposed Amendments (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND Exhibit A ‐ Proposed Amendments
CITY OF MORENO VALLEYNON-GENERAL FUNDFY 2021/22 Proposed Amendments Department Fund Account Description General Ledger Account Project Fiscal Year 2021/22 Amended Budget *
Proposed
Amendment
Revised Budget Description - Proposed Adjustment
Parks & Community Services 5016 Contractual Svcs - Other 5016-50-57-25723-625099 - 5,000 5,000 Establishing a budget for new CFD 2021-01 for FY21/22 anticipated expenditures.

Parks & Community Services 5016 Maint & Repair - Bldg & Ground 5016-50-57-25723-620910 - 47,000 47,000 Establishing a budget for new CFD 2021-01 for FY21/22 anticipated expenditures.Parks & Community Services 5016 Salaries-Regular 5016-50-57-25724-611110 - 5,000 5,000 Establishing a budget for new CFD 2021-01 for FY21/22 anticipated expenditures.Parks & Community Services 5016 Contractual Svcs - Other 5016-50-57-25724-625099 - 2,000 2,000 Establishing a budget for new CFD 2021-01 for FY21/22 anticipated expenditures.Parks & Community Services 5016 Maint & Repair - Bldg & Ground 5016-50-57-25724-620910 - 3,000 3,000 Establishing a budget for new CFD 2021-01 for FY21/22 anticipated expenditures.Parks & Community Services 2202 Salaries-Regular 2202-50-92-75312-611110 113,921 84,901 (29,020) Budget true-up.

Police 7510 Transfers to GENERAL FUND 7510-99-97-88120-901010 - 25,000 25,000 Equipment replacement.Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0096 24,503,713 1,600,000 26,103,713 Budget transfer with zero net affect.Public Works 2000 CIP Other 2000-70-77-80001-720199 801 0087-2000A-99 8,761,069 154,287 8,915,356 Budgeting for revenues received.

Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0085-3008-99 24,503,713 (576,052) 23,927,661 Project completion.Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0087-3008-99 24,503,713 576,052 25,079,765 Reallocation of project budget.Public Works 2000 Oper Mtrls - Fuel: Gasoline 2000-70-78-45311-630355 30,000 35,000 65,000 Allocating budget for projected expenditures.

Public Works 2000 Uniforms 2000-70-78-45311-630410 15,000 30,000 45,000 Allocating budget for projected expenditures.Public Works 6010 Contractual Svcs - Other 6010-70-80-45510-625099 514,650 38,600 553,250 Contracting services.Public Works 6010 Franchise Fee 6010-70-80-45510-710126 769,000 29,000 798,000 Budgeting for projected expense.

Public Works 6011 Improvements Other than Bldg 6011-70-80-45510-660610 700,625 190,000 890,625 Budgeting for projected expenses.Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0021 24,503,713 70,000 24,573,713 Budgeting for projected expenses.EXPENSES TOTAL $ 2,385,275 112,122,799 $ 114,508,074 $ *General Ledger level and not project level.
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Attachment: Exhibit A - Proposed Amendments (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND Exhibit A ‐ Proposed Amendments
CITY OF MORENO VALLEYGENERAL FUNDFY 2022/23 Proposed Amendments Department Fund Account Description General Ledger Account Project Fiscal Year 2022/23 Amended Budget
Proposed
Amendment
Revised Budget Description - Proposed Adjustment
Financial & Management Services 1010 Salaries-Regular 1010-99-99-91010-611110 51,100 $ 435,526 $ 486,626 $ Anticipated personnel expenditures.

Fire 1010 Agency Svcs - Cnty 1010-40-45-30110-620320 16,238,810 610,800 16,849,610 Budgeting for administrative support and equipment.

Police 1010 Contractual Svcs - Other 1010-60-65-40010-625099 1,048,300 26,000 1,074,300 Supporting Public Safety Trauma Intervention Program.

Police 1010 Contractual Svcs - Other 1010-60-65-40010-625099 1,048,300 300,000 1,348,300 Supporting the CBAT program.

Public Works 1010 Professional Svcs - Other 1010-99-99-91010-620299 1,618,190 18,190 (1,600,000) Budget transfer with zero net affect.

Public Works 1010 Transfers to CAPITAL PROJECTS

REIMBURSEMENT
1010-99-99-91010-903008 23,815,617 1,600,000 25,415,617 Budget transfer with zero net affect.

Public Works 1010 Professional Svcs - Other 1010-70-76-45110-620299 50,000 247,400 297,400 Continued consultant services.

Public Works 1010 Contractual Svcs - Other 1010-70-76-45111-625099 5,000 12,500 17,500 Traffic signal maintenance.

EXPENSES TOTAL $ 1,632,226 43,875,317 $ 45,507,543 $
CITY OF MORENO VALLEYNON-GENERAL FUNDFY 2022/23 Proposed Amendments Department Fund Account Description General Ledger Account Project Fiscal Year 2022/23 Amended Budget *
Proposed
Amendment
Revised Budget Description - Proposed Adjustment
City Manager 5011 Transfers in - from MV FOUNDATION -

DONATIONS
5011-99-99-95011-804016 $ - $ 6,000,000 $ 6,000,000 Budgeting for park projects.

Financial & Management Services 5112 Transfers in - from CFD No. 2014-01 5112-99-99-95112-802050 3,000 7,000 10,000 Median projects.

Parks & Community Services 3006 Transfers in - from CFD#1 3006-99-99-93006-805113 250,000 (250,000) - Transfer removal.

Public Works 3008 Transfers in - from GENERAL FUND 3008-99-99-93008-801010 23,815,617 1,600,000 25,415,617 Budget transfer with zero net affect.

Public Works 2001 RCTC - Sales Tax 2001-99-99-92001-480180 3,571,000 2,139,000 5,710,000 RCTC sales tax.

Public Works 2000 State Gas Tax 2107 2000-99-99-92000-408000 1,410,285 435,651 1,845,936 Updated HUTA estimate.

Public Works 2000 State Gas Tax 2106 2000-99-99-92000-408020 729,185 84,679 813,864 Updated HUTA estimate. Public Works 2000 State Gas Tax 2105 2000-99-99-92000-408030 1,199,002 152,183 1,351,185 Updated HUTA estimate. Public Works 2000 State Gas Tax 2103 2000-99-99-92000-408040 1,840,076 222,559 2,062,635 Updated HUTA estimate. Public Works 2000 State Gas Tax - RMRA 2000-99-99-92000-408060 4,071,100 702,695 4,773,795 Updated RMRA estimate. Public Works 3000 Transfers in - from DIF - CORPORATE YARD
3000-99-99-93000-802910 - 600,000 600,000 CIP project.

REVENUE TOTAL $ 11,693,767 36,889,265 $ 48,583,032 $
City Manager 4016 Council - Community Benefit 4016-16-18-16311-620199 300,000 $ $ (6,000,000) $ (5,700,000) Budgeting for park projects.

City Manager 4016 Transfers to ZONE "A" PARKS FUND 4016-99-99-94016-905011 - 6,000,000 6,000,000 Budgeting for park projects.City Manager 5011 CIP Other 5011-50-57-80007-720199 - 6,000,000 6,000,000 Budgeting for park projects.Financial & Management Services 2050 Transfers to ZONE "M" MEDIAN FUND 2050-99-99-92050-905112 SD CFD 2014-01-LM02B- 7,000 3,000 10,000 Median projects.

Parks & Community Services 5113 Transfers to PARKS & RECREATION

CAP PROJ FD
5113-99-99-95113-903006 250,000 (250,000) - Transfer removal.

Parks & Community Services 3006 CIP Other 3006-50-57-80007-720199 807 0055-3006-99 250,000 - (250,000) Transfer removal.

Parks & Community Services 5010 Salaries-Regular 5010-50-56-35110-611110 - 46,915 46,915 Reallocating personnel budget.

Parks & Community Services 5010 Salaries-Addl - Bilingual 5010-50-56-35110-611620 - 1,200 1,200 Reallocating personnel budget.Parks & Community Services 5010 Benefits - PERS & ERPD Def Comp 5010-50-56-35110-612110 - 19,429 19,429 Reallocating personnel budget.Parks & Community Services 5010 Benefits - Bank 5010-50-56-35110-612120 - 18,369 18,369 Reallocating personnel budget.Parks & Community Services 5010 Benefits - Medicare 5010-50-56-35110-612130 - 964 964 Reallocating personnel budget.Parks & Community Services 5010 Benefits - Group Life Insurance 5010-50-56-35110-612140 - 218 218 Reallocating personnel budget.Parks & Community Services 5010 Benefits - ST/LT Disability 5010-50-56-35110-612145 - 440 440 Reallocating personnel budget.Parks & Community Services 5010 Communications 5010-50-56-35110-620410 83,747 420 84,167 Reallocating personnel budget.Parks & Community Services 7310 Salaries-Regular 7310-70-40-18415-611110 46,915 - (46,915) Reallocating personnel budget.Parks & Community Services 7310 Salaries-Addl - Bilingual 7310-70-40-18415-611620 1,200 - (1,200) Reallocating personnel budget.Parks & Community Services 7310 Benefits - PERS & ERPD Def Comp 7310-70-40-18415-612110 19,429 - (19,429) Reallocating personnel budget.Parks & Community Services 7310 Benefits - Bank 7310-70-40-18415-612120 18,369 - (18,369) Reallocating personnel budget.Parks & Community Services 7310 Benefits - Medicare 7310-70-40-18415-612130 964 - (964) Reallocating personnel budget.Parks & Community Services 7310 Benefits - Group Life Insurance 7310-70-40-18415-612140 218 - (218) Reallocating personnel budget.Parks & Community Services 7310 Benefits - ST/LT Disability 7310-70-40-18415-612145 440 - (440) Reallocating personnel budget.Parks & Community Services 7310 Communications 7310-70-40-18415-620410 420 - (420) Reallocating personnel budget.Parks & Community Services 5016 Salaries-Regular 5016-50-57-25723-611110 - 15,000 15,000 Establishing a budget for new CFD 2021-01 for anticipated expenditures.Parks & Community Services 5016 Contractual Svcs - Other 5016-50-57-25723-625099 - 5,000 5,000 Establishing a budget for new CFD 2021-01 for anticipated expenditures.Parks & Community Services 5016 Maint & Repair - Bldg & Ground 5016-50-57-25723-620910 - 47,000 47,000 Establishing a budget for new CFD 2021-01 for anticipated expenditures.Parks & Community Services 5016 Salaries-Regular 5016-50-57-25724-611110 - 5,000 5,000 Establishing a budget for new CFD 2021-01 for anticipated expenditures. 4 of 5
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Attachment: Exhibit A - Proposed Amendments (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND Exhibit A ‐ Proposed Amendments
CITY OF MORENO VALLEYNON-GENERAL FUNDFY 2022/23 Proposed Amendments Department Fund Account Description General Ledger Account Project Fiscal Year 2022/23 Amended Budget *
Proposed
Amendment
Revised Budget Description - Proposed Adjustment
Parks & Community Services 5016 Contractual Svcs - Other 5016-50-57-25724-625099 - 2,000 2,000 Establishing a budget for new CFD 2021-01 for anticipated expenditures.

Parks & Community Services 5016 Maint & Repair - Bldg & Ground 5016-50-57-25724-620910 - 3,000 3,000 Establishing a budget for new CFD 2021-01 for anticipated expenditures.Parks & Community Services 5011 Lease Payments - Sub-Agents 5011-50-58-35310-463070 1 - (1) Budget update.

Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0097 23,815,617 1,600,000 25,415,617 Budget transfer with zero net affect.Public Works 2006 Salaries-Regular 2006-30-79-25701-611110 844,299 106,471 950,770 Anticipated personnel expenditure.

Public Works 2910 Transfers to FACILITY CONST FUND 2910-99-95-92910-903000 - 600,000 600,000 CIP project.

Public Works 3000 CIP Other 3000-70-40-80003-720199 803 0055 808,705 600,000 1,408,705 CIP project.EXPENSES TOTAL $ 8,490,470 26,443,324 $ 34,933,794 $ *General Ledger level and not project level.
5 of 5
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Packet Pg. 253
Attachment: Exhibit A - Proposed Amendments (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND FUND 4016 MV FOUNDATION - DONATIONS MVCF Resolution ‐ Exhibit B Account Type GL Account Adopted Budget Amended Budget Adopted Budget Amended Budget 4016-16-18-16311-501210 - Cannabis Community Benefit Fee (300,000) (300,000) (300,000) (300,000) 4016-16-18-16311-580200 - Donations - (100,000) - (6,000,000) 4016-20-38-18211-580200 - Donations - (200,000) - -
Revenue Total (600,000) (300,000) (300,000) (6,300,000) 4016-16-18-16311-620199 - Council - Community Benefit - 250,000 - 6,300,000 4016-16-18-16311-620299 - Professional Svcs - Other 300,000 - 300,000 - 4016-16-18-16311-630399 - Oper Mtrls - Other - 40,000 - - 4016-20-38-18211-620299 - Professional Svcs - Other - 25,000 - - 4016-20-38-18211-620930 - Maint & Repair - Machine Equip - 2,000 - - 4016-20-38-18211-625099 - Contractual Svcs - Other - 211,000 - - 4016-20-38-18211-630212 - Oper Suppl - Laboratory - 3,000 - - 4016-20-38-18211-630330 - Oper Mtrls - Furn & Equip - 8,500 - - 4016-20-38-18211-630399 - Oper Mtrls - Other - 500 - -
Expenses Total 540,000 300,000 300,000 6,300,000
Grand Total (60,000) - - -
Notes:
(1) Section 16‐18‐16311 MV Foundation.
$300K covers MoVaLearns, Promise, Hire a Grad, Hire a Vet and Beautify MoVal Volunteer Programs. $6M to be transferred to the Park Maintenance Fund to fund the Park Rehabilitation and Refurbishment Program. (2) Section 20‐38‐18211 Community Development‐Animal Services Donations. $50K received FY20/21 and $200K in FY21/22 for a total of $250K.

Revenue
Expense
Fiscal Calendar 2022 Fiscal Calendar 2023
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Packet Pg. 254 Attachment: Exhibit B - MVCF Resolution 2022-XX [Revision 1] (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE Position Title
FY
2020/21
No.

FY
2021/22
Adj.

FY
2021/22
No.

FY
2022/23
Adj.

FY
2022/23
No.

Accountant I 1 - 1 - 1
Accountant II 1 - 1 - 1
Accounting Asst 3 - 3 - 3
Accounting Technician 1 - 1 - 1
Accounts Payable Supervisor 1 - 1 - 1
Administrative Asst 7 - 7 - 7
Animal Care Technician 5 - 5 - 5
Animal Care Technician Supervisor 1 - 1 - 1
Animal Control Officer 7 - 7 - 7
Animal Rescue Coordinator 1 - 1 - 1
Animal Services Assistant 4 - 4 - 4
Animal Services Dispatcher 1 - 1 - 1
Animal Services Division Manager 1 - 1 - 1
Animal Services Field Supervisor 1 - 1 - 1
Animal Services License Inspector 1 - 1 - 1
Animal Svcs Office Supervisor 1 - 1 - 1
Applications & DB Admin 1 - 1 - 1
Applications Analyst 1 - 1 - 1
Assistant Engineer - 2 2 - 2
Assistant to the City Manager - 1 1 - 1
Associate Engineer I 2 - 2 - 2
Associate Engineer I / II - 2 2 - 2
Associate Planner 4 - 4 - 4
Asst Crossing Guard Spvr 1 - 1 - 1
Asst Network Administrator 1 - 1 - 1
Assistant City Manager (Development Services) 1 - 1 - 1 Assistant City Manager (Administration)/Chief Financial Officer 1 - 1 - 1 Audio Visual Technician - 2 2 - 2
Banquet Facility Rep 1 - 1 - 1
Building Safety Supervisor 1 - 1 - 1
Building Division Manager / Official - 1 1 - 1
Building Inspector I I 4 - 4 - 4
Business License Liaison 1 - 1 - 1
Cable TV Producer 2 (2) - - -
Child Care Asst 4 - 4 - 4
Child Care Instructor I I 4 - 4 - 4
Child Care Program Manager 1 - 1 - 1
Child Care Site Supervisor 4 - 4 - 4
City Clerk 1 - 1 - 1
City Manager 1 - 1 - 1
Code & Neigh Svcs Division Manager 1 (1) - - -
Code Compliance Officer I 2 (2) - - -
Code Compliance Officer I I 2 (2) - - -
Community Dev Director 1 - 1 - 1
Community Enhancement Division Manager - 1 1 - 1
City of Moreno Valley
FY 2021/22 - 2022/23
City Position Summary
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Packet Pg. 255 Attachment: City Position Summary FY 21-22 - 22-23 (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET Position Title
FY
2020/21
No.

FY
2021/22
Adj.

FY
2021/22
No.

FY
2022/23
Adj.

FY
2022/23
No.

City of Moreno Valley
FY 2021/22 - 2022/23
City Position Summary
Community Enhancement Officer I 1 5 6 - 6
Community Enhancement Officer II 1 2 3 - 3
Community Enhancement Supervisor - 1 1 - 1
Community Services Assistant Coordinator 4 - 4 - 4
Community Services Coordinator 4 - 4 - 4
Community Svcs Superintendent 1 - 1 - 1
Community Svcs Supervisor 4 - 4 - 4
Construction Inspector 2 - 2 - 2
Construction Inspector Supervisor 1 - 1 - 1
Crossing Guard 35 - 35 - 35
Crossing Guard Supervisor 1 - 1 - 1
Deputy City Clerk 1 - 1 - 1
Deputy City Manager 1 - 1 - 1
Deputy Finance Director 1 - 1 - 1
Economic Dev Director 1 - 1 - 1
Economic Dev Division Mgr 2 - 2 - 2
Electric Utility Chief Engineer 1 - 1 - 1
Electric Utility Division Mgr 1 - 1 - 1
Electric Utility Program Coord 1 - 1 - 1
Emerg Mgmt & Vol Svc Prog Spec 1 - 1 - 1
Emerg Mgmt & Vol Svcs Prog Mgr 1 - 1 - 1
Engineering Division Manager 1 - 1 - 1
Engineering Technician I I 1 (1) - - -
Enterprise Systems Admin 1 - 1 - 1
Equipment Operator 4 2 6 - 6
Exec Asst to Mayor / City Council 1 - 1 - 1
Executive Asst I 7 (1) 6 - 6
Facilities Maint Mechanic 1 - 1 - 1
Facilities Maint Worker 3 - 3 - 3
Financial Resources Div Mgr 1 - 1 - 1
Fleet & Facilities Maintenance Supervisor 1 - 1 - 1
GIS Administrator 1 - 1 - 1
GIS/Applications Analyst 1 - 1 - 1
GIS Specialist 1 - 1 - 1
Grants Program Manager - 1 1 - 1
Human Resources Analyst 1 - 1 - 1
Human Resources Division Manager 1 - 1 - 1
Info Technology Technician 2 - 2 - 2
Landscape Svcs Inspector 2 - 2 - 2
Landscape Svcs Supervisor 1 - 1 - 1
Lead Facilities Maint Worker 1 - 1 - 1
Lead Maintenance Worker 4 - 4 - 4
Lead Parks Maint Worker 6 1 7 - 7
Lead Traffic Sign/Marking Tech 2 - 2 - 2
Lead Vehicle / Equip Tech 1 - 1 - 1
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Packet Pg. 256 Attachment: City Position Summary FY 21-22 - 22-23 (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET Position Title
FY
2020/21
No.

FY
2021/22
Adj.

FY
2021/22
No.

FY
2022/23
Adj.

FY
2022/23
No.

City of Moreno Valley
FY 2021/22 - 2022/23
City Position Summary
Maint & Operations Div Mgr 1 - 1 - 1
Maintenance Worker II 1 - 1 - 1
Maintenance Worker I/II 17 10 27 - 27
Management Aide 7 1 8 - 8
Management Analyst 13 (5) 8 - 8
Management Asst 7 - 7 - 7
Media & Communications Division Manager 1 - 1 - 1
Network Administrator 1 - 1 - 1
Network Systems Specialist - 1 1 - 1
Paralegal 1 - 1 - 1
Park Ranger 3 1 4 - 4
Parking Control Officer 2 - 2 - 2
Parks & Community Services Deputy Director 1 - 1 - 1
Parks & Community Services Director 1 - 1 - 1
Parks Maint Superintendent - 1 1 - 1
Parks Maint Supervisor 2 - 2 - 2
Parks Maint Worker 12 6 18 - 18
Payroll Supervisor 1 - 1 - 1
Permit Technician 5 (1) 4 - 4
Planning Commissioner 7 - 7 - 7
Planning Div Mgr / Official 1 - 1 - 1
Principal Accountant 1 - 1 - 1
Prinicipal Engineer 2 - 2 - 2
Prinicipal Engineer / City Traf Engr 1 - 1 - 1
Principal Planner 1 - 1 - 1
Public Information/Intergovernmental Relations Officer 1 - 1 - 1 Public Safety Contract Administrator 1 - 1 - 1
Purchasing Div Mgr 1 - 1 - 1
PW Director / City Engineer 1 (1) - - -
Recycling Specialist 1 - 1 - 1
Security Guard 2 - 2 - 2
Spec Districts Div Mgr 1 - 1 - 1
Sr Accountant 3 1 4 - 4
Sr Administrative Asst 14 (1) 13 - 13
Sr Applications Analyst 1 - 1 - 1
Sr Code Compliance Officer 1 (1) - - -
Sr. Community Enhancement Officer 1 1 2 - 2
Sr Construction Inspector 2 - 2 - 2
Sr Deputy City Clerk 1 - 1 - 1
Sr Electrical Engineer 1 - 1 - 1
Sr Engineer, P.E. 4 - 4 - 4
Sr Engineering Technician 1 (1) - - -
Sr Equipment Operator 1 - 1 - 1
Sr Graphics Designer 1 - 1 - 1
Sr Human Resources Analyst 1 - 1 - 1
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Packet Pg. 257 Attachment: City Position Summary FY 21-22 - 22-23 (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET Position Title
FY
2020/21
No.

FY
2021/22
Adj.

FY
2021/22
No.

FY
2022/23
Adj.

FY
2022/23
No.

City of Moreno Valley
FY 2021/22 - 2022/23
City Position Summary
Sr Landscape Svcs Inspector - 1 1 - 1
Sr Management Analyst 4 5 9 - 9
Sr Office Asst 4 (1) 3 - 3
Sr Parking Control Officer 1 - 1 - 1
Sr Parks Maint Technician 2 - 2 - 2
Sr Payroll Technician 1 - 1 - 1
Sr Permit Technician 2 1 3 - 3
Sr Planner 1 - 1 - 1
Sr Telecomm Technician 1 - 1 - 1
Sr Traffic Signal Technician 1 - 1 - 1
Storekeeper - 1 1 - 1
Strategic Initiatives Manager 1 - 1 - 1
Street Maintenance Supervisor 2 - 2 - 2
Telecomm Engineer / Admin 1 - 1 - 1
Telecomm Technician 1 - 1 - 1
Traffic Operations Supervisor 1 - 1 - 1
Traffic Sign / Marking Tech I 1 - 1 - 1
Traffic Sign/Marking Tech I I 2 - 2 - 2
Traffic Signal Technician 2 - 2 - 2
Treasury Operations Div Mgr 1 - 1 - 1
Vehicle / Equipment Technician 3 - 3 - 3
Total 31 350 381 - 381
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Packet Pg. 258 Attachment: City Position Summary FY 21-22 - 22-23 (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND APPROVAL OF THE BUDGET

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Accountant I NE C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Accountant I I PAM C24 Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Accounting Assistant NE C14 Annual 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 61,408.67 62,943.92 Monthly 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,117.39 5,245.33 Hourly 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 29.5234 30.2615 Accounting Technician NE C17 Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315 Accounts Payable Supervisor NE C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Administrative Assistant NE C16 Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Animal Care Technician NE C11 Annual 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 53,046.86 54,373.07 Monthly 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,420.57 4,531.09 Hourly 18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 25.5033 26.1409 Animal Care Technician Supervisor PAM C21 Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Animal Control Officer NE C15 Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Animal Rescue Coordinator NE C11 Annual 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 53,046.86 54,373.07 Monthly 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,420.57 4,531.09 Hourly 18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 25.5033 26.1409 Animal Services Assistant NE C10 Annual 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 50,520.91 51,783.89 Monthly 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,210.08 4,315.32 Hourly 17.6827 18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.2889 24.8961 Animal Services Dispatcher NE C10 Annual 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 50,520.91 51,783.89 Monthly 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,210.08 4,315.32 Hourly 17.6827 18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.2889 24.8961 Animal Services Division Manager DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574

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Packet Pg. 259 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Animal Services Field Supervisor PAM C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Animal Services License Inspector NE C11 Annual 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 53,046.86 54,373.07 Monthly 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,420.57 4,531.09 Hourly 18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 25.5033 26.1409 Animal Services Office Supervisor PAM C21 Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Applications & Data Base Administrator PAM C29 Annual 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 127,664.78 130,856.34 Monthly 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,638.73 10,904.70 Hourly 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 61.3773 62.9117 Applications Analyst PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Assistant to the City Manager PAM C24 Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Assistant Crossing Guard Supervisor NE C05 Annual 28,818.19 30,259.01 31,772.00 33,360.70 35,028.66 36,780.02 38,618.94 39,584.48 40,574.14 Monthly 2,401.52 2,521.58 2,647.67 2,780.06 2,919.06 3,065.00 3,218.25 3,298.71 3,381.18 Hourly 13.8549 14.5476 15.2750 16.0388 16.8407 17.6827 18.5668 19.0310 19.5068 Assistant Engineer PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Assistant Network Administrator PAM C26 Annual 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 110,281.81 113,038.85 Monthly 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,190.15 9,419.90 Hourly 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 53.0201 54.3456 Assistant Planner PAM C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Associate Engineer I PAM C28 Annual 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 121,585.57 124,625.28 Monthly 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,132.13 10,385.44 Hourly 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 58.4546 59.9160 Associate Engineer II PAM C29 Annual 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 127,664.78 130,856.34 Monthly 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,638.73 10,904.70 Hourly 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 61.3773 62.9117 Associate Planner PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577

A.10.i
Packet Pg. 260 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Audio Visual Technician NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly

26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Banquet Facility Representative PAM C19 Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Building Safety Supervisor PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Building Division Manager / Building Official DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly 61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Building Inspector I I NE C24 Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Business License Liaison NE C16 Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Cable Television Producer NE C15 Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Child Care Assistant GRA CC06 Annual 25,638.91 26,920.82 28,266.78 29,680.14 31,164.22 32,722.35 34,358.48 35,217.52 36,097.98 Monthly 2,136.58 2,243.40 2,355.57 2,473.35 2,597.02 2,726.86 2,863.21 2,934.79 3,008.17 Hourly 12.3264 12.9427 13.5898 14.2693 14.9828 15.7319 16.5185 16.9315 17.3548 Child Care Instructor I GRA CC09 Annual 32,297.41 33,912.32 35,607.94 37,388.42 39,257.92 41,220.82 43,281.89 44,363.90 45,472.96 Monthly 2,691.45 2,826.03 2,967.33 3,115.70 3,271.49 3,435.07 3,606.82 3,696.99 3,789.41 Hourly 15.5276 16.3040 17.1192 17.9752 18.8740 19.8177 20.8086 21.3288 21.8620 Child Care Instructor II GRA CC10 Annual 34,881.39 36,625.47 38,456.70 40,379.46 42,398.51 44,518.45 46,744.46 47,913.01 49,110.88 Monthly 2,906.78 3,052.12 3,204.73 3,364.96 3,533.21 3,709.87 3,895.37 3,992.75 4,092.57 Hourly 16.7699 17.6084 18.4888 19.4132 20.3839 21.4031 22.4733 23.0351 23.6110 Child Care Program Manager GRA C16 Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Child Care Site Supervisor GRA C14 Annual 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 61,408.67 62,943.92 Monthly 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,117.39 5,245.33 Hourly 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 29.5234 30.2615 Code & Neighborhood Services Division Manager DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574

A.10.i
Packet Pg. 261 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Code Compliance Officer I NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Code Compliance Officer I I NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Community Enhancement Division Manager DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Community Enhancement Supervisor PAM C23 Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Community Enhancement Officer I NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Community Enhancement Officer II NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Community Services Assistant Coordinator NE C08 Annual 33,360.70 35,028.66 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 45,823.86 46,969.52 Monthly 2,780.06 2,919.06 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,818.66 3,914.13 Hourly 16.0388 16.8407 17.6827 18.5668 19.4951 20.4699 21.4934 22.0307 22.5815 Community Services Coordinator NE C10 Annual 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 50,520.91 51,783.89 Monthly 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,210.08 4,315.32 Hourly 17.6827 18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.2889 24.8961 Community Services Superintendent PAM C23 Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Community Services Supervisor PAM C19 Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Construction Inspector NE C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Construction Inspector Supervisor PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Crossing Guard Supervisor NE C07 Annual 31,772.00 33,360.70 35,028.66 36,780.02 38,618.94 40,549.81 42,577.39 43,641.73 44,732.69 Monthly 2,647.67 2,780.06 2,919.06 3,065.00 3,218.25 3,379.15 3,548.12 3,636.81 3,727.72 Hourly 15.2750 16.0388 16.8407 17.6827 18.5668 19.4951 20.4699 20.9816 21.5061

A.10.i
Packet Pg. 262 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Deputy City Clerk NE C17 Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315 Deputy City Manager DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Deputy Finance Director DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly 61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Economic Development Division Manager DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Electric Utility Chief Engineer PAM C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly 61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Electric Utility Division Manager DMG C36 Annual 147,106.96 154,462.26 162,185.30 170,294.59 178,809.28 187,749.74 197,137.20 202,065.55 207,117.25 Monthly 12,258.91 12,871.86 13,515.44 14,191.22 14,900.77 15,645.81 16,428.10 16,838.80 17,259.77 Hourly 70.7245 74.2607 77.9737 81.8724 85.9660 90.2643 94.7775 97.1469 99.5756 Electric Utility Program Coordinator PAM C24 Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Emergency Management & Volunteer Services Program Manager DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Emergency Management & Volunteer Services Program Specialist NE C16 Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Engineering Division Manager/Assistant City Engineer DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly 61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Engineering Technician I I NE C21 Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Enterprise Systems Administrator PAM C31 Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Equipment Operator NE C17 Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315

A.10.i
Packet Pg. 263 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Executive Assistant I NE C19 Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Exec Assistant to Mayor & City Council PAM C21 Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Facilities Maintenance Mechanic NE C15 Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Facilities Maintenance Worker NE C13 Annual 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 58,484.40 59,946.43 Monthly 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,873.70 4,995.54 Hourly 20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.1175 28.8204 Financial Resources Division Manager DMG C33 Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly 56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Fleet & Facilities Maintenance Supervisor PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Geographic Information System Administrator PAM C29 Annual 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 127,664.78 130,856.34 Monthly 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,638.73 10,904.70 Hourly 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 61.3773 62.9117 Geographic Information System / Application Analyst PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Geographic Information System Specialist NE C21 Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Grant Program Manager PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Human Resources Analyst PAM C24 Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Human Resources Division Manager DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly 61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Information Technology Technician NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534

A.10.i
Packet Pg. 264 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Landscape Services Inspector NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Landscape Services Supervisor PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Lead Facilities Maintenance Worker NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Lead Maintenance Worker NE C19 Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Lead Parks Maintenance Worker NE C15 Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Lead Traffic Signing / Marking Technician NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Lead Vehicle / Equip Technician NE C19 Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Maintenance & Operations Division Manager DMG C31 Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Maintenance Worker I NE C12 Annual 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 55,699.28 57,091.84 Monthly 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,641.61 4,757.65 Hourly 19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 26.7785 27.4480 Maintenance Worker I I NE C15 Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Management Aide NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Management Analyst PAM C24 Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Management Assistant PAM C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102

A.10.i
Packet Pg. 265 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Media & Communications Division Manager DMG C33 Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly 56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Network Administrator PAM C31 Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Network & Systems Specialist PAM C24 Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Paralegal NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Park Ranger NE C16 Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Parking Control Officer NE C12 Annual 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 55,699.28 57,091.84 Monthly 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,641.61 4,757.65 Hourly 19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 26.7785 27.4480 Parks & Community Services Deputy Director DMG C31 Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Parks Maintenance Superintendent PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Parks Maintenance Supervisor PAM C23 Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Parks Maintenance Worker NE C12 Annual 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 55,699.28 57,091.84 Monthly 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,641.61 4,757.65 Hourly 19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 26.7785 27.4480 Payroll Supervisor PAM C26 Annual 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 110,281.81 113,038.85 Monthly 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,190.15 9,419.90 Hourly 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 53.0201 54.3456 Permit Technician NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Planning Division Manager / Official DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly 61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660

A.10.i
Packet Pg. 266 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Principal Accountant PAM C28 Annual 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 121,585.57 124,625.28 Monthly 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,132.13 10,385.44 Hourly 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 58.4546 59.9160 Principal Engineer DMG C33 Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly 56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Principal Engineer / City Traffic Engineer DMG C33 Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly 56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Principal Planner PAM C33 Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly 56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Public Information & Intergovernmental Relations Officer PAM C28 Annual 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 121,585.57 124,625.28 Monthly 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,132.13 10,385.44 Hourly 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 58.4546 59.9160 Public Safety Contracts Administrator DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Purchasing Division Manager DMG C32 Annual 110,153.68 115,661.31 121,444.34 127,516.48 133,892.30 140,586.99 147,616.35 151,306.69 155,089.38 Monthly 9,179.47 9,638.44 10,120.36 10,626.37 11,157.69 11,715.58 12,301.36 12,608.89 12,924.12 Hourly 52.9585 55.6064 58.3867 61.3060 64.3713 67.5899 70.9694 72.7436 74.5622 Recreation Program Leader NE C06 Annual 30,259.01 31,772.00 33,360.70 35,028.66 36,780.02 38,618.94 40,549.81 41,563.60 42,602.77 Monthly 2,521.58 2,647.67 2,780.06 2,919.06 3,065.00 3,218.25 3,379.15 3,463.63 3,550.23 Hourly 14.5476 15.2750 16.0388 16.8407 17.6827 18.5668 19.4951 19.9825 20.4821 Recycling Specialist NE C16 Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Security Guard NE C08 Annual 33,360.70 35,028.66 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 45,823.86 46,969.52 Monthly 2,780.06 2,919.06 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,818.66 3,914.13 Hourly 16.0388 16.8407 17.6827 18.5668 19.4951 20.4699 21.4934 22.0307 22.5815 Senior Accountant PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Senior Administrative Assistant NE C17 Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315 Senior Applications Analyst PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628

A.10.i
Packet Pg. 267 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Senior Code Compliance Officer PAM C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Senior Community Enhancement Officer PAM C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Senior Construction Inspector PAM C23 Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Senior Deputy City Clerk NE C21 Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Senior Electrical Engineer PAM C31 Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Senior Engineer, P.E. PAM C31 Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Senior Engineering Technician NE C23 Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Senior Equipment Operator NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Senior Graphics Designer NE C19 Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Senior Human Resources Analyst PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Senior Landscape Services Inspector PAM C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Senior Management Analyst PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Senior Office Assistant NE C13 Annual 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 58,484.40 59,946.43 Monthly 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,873.70 4,995.54 Hourly 20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.1175 28.8204

A.10.i
Packet Pg. 268 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Senior Parking Control Officer NE C14 Annual 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 61,408.67 62,943.92 Monthly 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,117.39 5,245.33 Hourly 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 29.5234 30.2615 Senior Parks Maintenance Technician NE C19 Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Senior Payroll Technician NE C18 Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Senior Permit Technician NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Senior Planner PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Senior Telecomm Technician NE C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Senior Traffic Signal Technician PAM C23 Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Special Districts Division Manager DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly 61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Storekeeper NE C14 Annual 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 61,408.67 62,943.92 Monthly 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,117.39 5,245.33 Hourly 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 29.5234 30.2615 Strategic Initiatives Manager DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly 61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Street Maintenance Supervisor PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Telecommunications Engineer / Administrator PAM C29 Annual 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 127,664.78 130,856.34 Monthly 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,638.73 10,904.70 Hourly 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 61.3773 62.9117 Telecommunications Technician NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534

A.10.i
Packet Pg. 269 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - CAREER POSITIONS
EFFECTIVE 07/09/2022
Maximum
TITLE GRP GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Traffic Operations Supervisor PAM C26 Annual 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 110,281.81 113,038.85 Monthly 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,190.15 9,419.90 Hourly 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 53.0201 54.3456 Traffic Signal Technician NE C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Traffic Signing & Marking Tech I NE C13 Annual 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 58,484.40 59,946.43 Monthly 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,873.70 4,995.54 Hourly 20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.1175 28.8204 Traffic Signing & Marking Tech I I NE C15 Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Treasury Operations Division Manager DMG C31 Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Vehicle / Equipment Technician NE C17 Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315

A.10.i
Packet Pg. 270 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD

CITY OF MORENO VALLEY

SALARY SCALE - EXECUTIVE POSITIONS
EFFECTIVE 07/09/2022
TITLE GRP GRADE Minimum Maximum
Assistant City Manager (Development Services) EMG 106 7.5% Above 105 Annual 164,485.78 #### #### #### #### #### #### #### 261,973.71 Monthly 13,707.15 ### ### ### ### ### ### ### 21,831.14 Hourly 79.0797 #### #### #### #### #### #### #### 125.9489 Assistant City Manager (Administration) / EMG 106 7.5% Above 105 Annual 164,485.78 #### #### #### #### #### #### #### 261,973.71 Chief Financial Officer/ Treasurer Monthly 13,707.15 ### ### ### ### ### ### ### 21,831.14 Hourly 79.0797 #### #### #### #### #### #### #### 125.9489 City Clerk EMG 101 Annual 114,574.10 #### #### #### #### #### #### #### 182,480.06 Monthly 9,547.84 ### ### ### ### ### ### ### 15,206.67
Hourly 55.0837 #### #### #### #### #### #### #### 87.7308 City Council Member ELE
City Manager CMG 109 12.5% Above 108 Annual 234,199.68 #### #### #### #### #### #### #### 373,005.57 Monthly 19,516.64 ### ### ### ### ### ### ### 31,083.80 Hourly 112.5960 #### #### #### #### #### #### #### 179.3296 Community Development Director EMG 104 7.5% Above 103 Annual 142,335.02 #### #### #### #### #### #### #### 226,694.42 Monthly 11,861.25 ### ### ### ### ### ### ### 18,891.20 Hourly 68.4303 #### #### #### #### #### #### #### 108.9877 Economic Development Director EMG 104 7.5% Above 103 Annual 142,335.02 #### #### #### #### #### #### #### 226,694.42 Monthly 11,861.25 ### ### ### ### ### ### ### 18,891.20 Hourly 68.4303 #### #### #### #### #### #### #### 108.9877 Parks & Community Services Director EMG 104 7.5% Above 103 Annual 142,335.02 #### #### #### #### #### #### #### 226,694.42 Monthly 11,861.25 ### ### ### ### ### ### ### 18,891.20 Hourly 68.4303 #### #### #### #### #### #### #### 108.9877 Public Works Director / City Engineer EMG 105 7.5% Above 104 Annual 153,010.21 #### #### #### #### #### #### #### 243,696.34 Monthly 12,750.85 ### ### ### ### ### ### ### 20,308.03 Hourly 73.5626 #### #### #### #### #### #### #### 117.1617 Description
Set by Vote/Ord
Per contract
A.10.i
Packet Pg. 271 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND

CITY OF MORENO VALLEY
SALARY SCALE - Part Time Non-Career
EFFECTIVE 07/09/2022
Maximum
TITLE GRADE STEPS Hire Rate

A B C D E F G H I

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Alternate Crossing Guard PTNC05 Annual 22,932.00 24,078.70 25,282.61 26,546.83 27,874.08 33,300.80 33,320.77 34,153.81 35,007.65 Monthly 1,911.00 2,006.56 2,106.88 2,212.24 2,322.84 2,775.07 2,776.73 2,846.15 2,917.30 Hourly 11.0250 11.5763 12.1551 12.7629 13.4010 16.0100 16.0196 16.4201 16.8306 Community Services Assistant Coordinator PTNC08 Annual 24,864.53 26,107.74 27,413.15 28,783.87 30,223.02 31,734.14 33,320.77 34,153.81 35,007.65 Monthly 2,072.04 2,175.65 2,284.43 2,398.66 2,518.59 2,644.51 2,776.73 2,846.15 2,917.30 Hourly 11.9541 12.5518 13.1794 13.8384 14.5303 15.2568 16.0196 16.4201 16.8306 Crossing Guard PTNC05 Annual 22,932.00 24,078.70 25,282.61 26,546.83 27,874.08 33,300.80 33,320.77 34,153.81 35,007.65 Monthly 1,911.00 2,006.56 2,106.88 2,212.24 2,322.84 2,775.07 2,776.73 2,846.15 2,917.30 Hourly 11.0250 11.5763 12.1551 12.7629 13.4010 16.0100 16.0196 16.4201 16.8306 Fire Prevention Tech PTNC07 Annual 24,173.76 25,382.45 26,651.66 27,984.32 29,383.54 30,852.64 32,395.38 33,205.33 34,035.46 Monthly 2,014.48 2,115.20 2,220.97 2,332.03 2,448.63 2,571.05 2,699.62 2,767.11 2,836.29 Hourly 11.6220 12.2031 12.8133 13.4540 14.1267 14.8330 15.5747 15.9641 16.3632 Graphics Aide PTNC06 Annual 23,502.34 24,677.54 25,911.39 27,207.02 28,567.34 29,995.68 33,320.77 34,153.81 35,007.65 Monthly 1,958.53 2,056.46 2,159.28 2,267.25 2,380.61 2,499.64 2,776.73 2,846.15 2,917.30 Hourly 11.2992 11.8642 12.4574 13.0803 13.7343 14.4210 16.0196 16.4201 16.8306 Intern I PTNC08 Annual 24,864.53 26,107.74 27,413.15 28,783.87 30,223.02 31,734.14 33,320.77 34,153.81 35,007.65 Monthly 2,072.04 2,175.65 2,284.43 2,398.66 2,518.59 2,644.51 2,776.73 2,846.15 2,917.30 Hourly 11.9541 12.5518 13.1794 13.8384 14.5303 15.2568 16.0196 16.4201 16.8306 Intern I I PTNC10 Annual 29,001.86 30,452.03 31,974.59 33,573.28 35,252.05 37,014.64 38,865.42 39,836.99 40,832.90 Monthly 2,416.82 2,537.67 2,664.55 2,797.77 2,937.67 3,084.55 3,238.79 3,319.75 3,402.74 Hourly 13.9432 14.6404 15.3724 16.1410 16.9481 17.7955 18.6853 19.1524 19.6312 Laborer PTNC10 Annual 29,001.86 30,452.03 31,974.59 33,573.28 35,252.05 37,014.64 38,865.42 39,836.99 40,832.90 Monthly 2,416.82 2,537.67 2,664.55 2,797.77 2,937.67 3,084.55 3,238.79 3,319.75 3,402.74 Hourly 13.9432 14.6404 15.3724 16.1410 16.9481 17.7955 18.6853 19.1524 19.6312 Media Assistant PTNC08 Annual 24,864.53 26,107.74 27,413.15 28,783.87 30,223.02 31,734.14 33,320.77 34,153.81 35,007.65 Monthly 2,072.04 2,175.65 2,284.43 2,398.66 2,518.59 2,644.51 2,776.73 2,846.15 2,917.30 Hourly 11.9541 12.5518 13.1794 13.8384 14.5303 15.2568 16.0196 16.4201 16.8306 Office Aide PTNC05 Annual 22,932.00 24,078.70 25,282.61 26,546.83 27,874.08 33,300.80 33,320.77 34,153.81 35,007.65 Monthly 1,911.00 2,006.56 2,106.88 2,212.24 2,322.84 2,775.07 2,776.73 2,846.15 2,917.30 Hourly 11.0250 11.5763 12.1551 12.7629 13.4010 16.0100 16.0196 16.4201 16.8306 Planning Commissioner PTNC99 Annual
Monthly
Hourly
Recreation Aide PTNC05 Annual 22,932.00 24,078.70 25,282.61 26,546.83 27,874.08 33,300.80 33,320.77 34,153.81 35,007.65 Monthly 1,911.00 2,006.56 2,106.88 2,212.24 2,322.84 2,775.07 2,776.73 2,846.15 2,917.30 Hourly 11.0250 11.5763 12.1551 12.7629 13.4010 16.0100 16.0196 16.4201 16.8306 Animal Care Technician PTNCC11 Annual 31,950.05 33,547.49 35,224.80 36,986.14 38,835.47 40,777.15 42,815.97 43,886.34 44,983.54 Monthly 2,662.50 2,795.62 2,935.40 3,082.18 3,236.29 3,398.10 3,568.00 3,657.20 3,748.63 Hourly 15.3606 16.1286 16.9350 17.7818 18.6709 19.6044 20.5846 21.0992 21.6267 Animal Services Assistant PTNCC10 Annual 30,428.53 31,950.05 33,547.49 35,224.80 36,986.14 38,835.47 40,777.15 41,796.56 42,841.55 Monthly 2,535.71 2,662.50 2,795.62 2,935.40 3,082.18 3,236.29 3,398.10 3,483.05 3,570.13 Hourly 14.6291 15.3606 16.1286 16.9350 17.7818 18.6709 19.6044 20.0945 20.5969 Community Ambassador PTNCC11 Annual 31,950.05 33,547.49 35,224.80 36,986.14 38,835.47 40,777.15 42,815.97 43,886.34 44,983.54 Monthly 2,662.50 2,795.62 2,935.40 3,082.18 3,236.29 3,398.10 3,568.00 3,657.20 3,748.63 Hourly 15.3606 16.1286 16.9350 17.7818 18.6709 19.6044 20.5846 21.0992 21.6267 Community Enhancement Officer PTNCC18 Annual 44,956.70 47,204.56 49,564.74 52,043.06 54,645.14 57,377.42 60,246.37 61,752.50 63,296.27 Monthly 3,746.39 3,933.71 4,130.40 4,336.92 4,553.76 4,781.45 5,020.53 5,146.04 5,274.69 Hourly 21.6138 22.6945 23.8292 25.0207 26.2717 27.5853 28.9646 29.6887 30.4309 Office Assistant PTNCC11 Annual 31,950.05 33,547.49 35,224.80 36,986.14 38,835.47 40,777.15 42,815.97 43,886.34 44,983.54 Monthly 2,662.50 2,795.62 2,935.40 3,082.18 3,236.29 3,398.10 3,568.00 3,657.20 3,748.63 Hourly 15.3606 16.1286 16.9350 17.7818 18.6709 19.6044 20.5846 21.0992 21.6267 Parking Control Officer PTNCC12 Annual 33,547.49 35,224.80 36,986.14 38,835.47 40,777.15 42,815.97 44,956.70 46,080.53 47,232.64 Monthly 2,795.62 2,935.40 3,082.18 3,236.29 3,398.10 3,568.00 3,746.39 3,840.04 3,936.05 Hourly 16.1286 16.9350 17.7818 18.6709 19.6044 20.5846 21.6138 22.1541 22.7080 Senior Administrative Asst PTNCC17 Annual 42,815.97 44,956.70 47,204.56 49,564.74 52,043.06 54,645.14 57,377.42 58,811.79 60,282.14 Monthly 3,568.00 3,746.39 3,933.71 4,130.40 4,336.92 4,553.76 4,781.45 4,900.98 5,023.51 Hourly 20.5846 21.6138 22.6945 23.8292 25.0207 26.2717 27.5853 28.2749 28.9818 Senior Office Asst PTNCC13 Annual 35,224.80 36,986.14 38,835.47 40,777.15 42,815.97 44,956.70 47,204.56 48,384.75 49,594.27 Monthly 2,935.40 3,082.18 3,236.29 3,398.10 3,568.00 3,746.39 3,933.71 4,032.06 4,132.86 Hourly 16.9350 17.7818 18.6709 19.6044 20.5846 21.6138 22.6945 23.2619 23.8434 Senior Payroll Technician PTNCC18 Annual 44,956.70 47,204.56 49,564.74 52,043.06 54,645.14 57,377.42 60,246.37 61,752.50 63,296.27 Monthly 3,746.39 3,933.71 4,130.40 4,336.92 4,553.76 4,781.45 5,020.53 5,146.04 5,274.69 Hourly 21.6138 22.6945 23.8292 25.0207 26.2717 27.5853 28.9646 29.6887 30.4309 A.10.i
Packet Pg. 272 Attachment: Salary Scale Schedules Career_Exec_Non-Career Effective 07.09.22 (5843 : FY21/22 THIRD QUARTER BUDGET REVIEW AND Report to City Council
ID#5848 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: June 21, 2022
TITLE: APPROVE A RESOLUTION DECLARING PURSUANT TO
CALIFORNIA GOVERNMENT CODE § 54221 THAT THE
REAL PROPERTY IDENTIFIED AS APNS 481-130-022,
481-130-023, 485-032-013, 486-084-006 AND 486-084-011

IS DESIGNATED AS EXEMPT SURPLUS LAND AND NOT
NECESSARY FOR THE AUTHORITY’S USE AT THIS

TIME, FINDING THAT SUCH DECLARATION IS EXEMPT

FROM ENVIRONMENTAL REVIEW UNDER THE

CALIFORNIA ENVIRONMENTAL QUALITY ACT

RECOMMENDED ACTION
Recommendation:

1. Approve a Resolution declaring pursuant to California Government Code § 54221 that the real property identified as APNs 481-130-022, 481-130-023, 485- 032-013, 486-084-006 and 486-084-011 is designated as exempt surplus land and not necessary for the authority’s use at this time, finding that such declaration is exempt from environmental review under the California Environmental Quality Act.

SUMMARY
The attached Resolution concerns five (5) vacant scattered parcels identified as APNs 481-130-022, 481-130-023, 485-032-013, 486-084-006 and 486-084-011 that are owned in fee by the Moreno Valley Housing Authority (the “Authority”) collectively consisting of approximately 1.2967-acres (approximately 56,487 square feet), as more particularly described in Exhibit “A” and depicted in Exhibit “B” to the attached Resolution (the “Authority Land”). As a requirement of the California Surplus Land Act (the “SLA”), Government Code (the “GC”) §§ 54220-54333 (the “Act”), as amended by AB 1486 (Chapter 664, Statutes of 2019; “AB 1486”) and SLA Guidelines promulgated thereunder by the California Department of Housing and Community Development (the A.11
Packet Pg. 273

“HCD”) dated as of April 2021 (the “SLA Guidelines”), in order for the Authority to disposed of real property, it must first comply with the Act and the SLA Guidelines. The Act, as expounded upon by the SLA Guidelines, provides that prior to disposition, such land shall be declared either surplus land or exempt surplus land before the public entity may take action to dispose of it consistent with the public entity’s policies or procedures.

The purpose of the recommended action is to declare the Authority Land as exempt surplus land under the auspices of the Act and the SLA Guidelines.

DISCUSSION
With respect to surplus land (i.e., non-exempt land), such property must first be made available under a procedure set forth in the Act and expounded upon by the SLA Guidelines, which includes a process requiring that a notice be given calling for written notices of interest from local public agencies and housing sponsors after the public entity owner has designated such land as surplus by the taking of a formal action at a public meeting of such public entity. With respect to exempt surplus land, the public entity must first take a formal action at a public meeting of the public entity designating the affected land as exempt surplus land based on findings supporting such designation that are consistent with the definition of exempt surplus land as specified in GC § 54221 (f).

The Authority Land as a whole (i.e., all five parcels) qualifies for designation as exempt surplus land pursuant to GC § 54221 (f) (1) (D) based on it being ultimately transferred to the City of Moreno Valley, which has offered to purchase the Authority Land for City use. Two of the parcels constituting the Authority Land, identified as APNs 486-084- 006 and -011, also quality for designation as exempt surplus land pursuant to GC § 54221 (f) (1) (B) (i) because the parcels are less than 5,000 square feet in area (i.e., both parcels are approximately 4,087.5 square feet in size).

Pursuant to the Act, land is necessary for a public entity’s use if the land is being used, or is planned to be used pursuant to a written plan adopted by the public entity, for the public entity’s work or operations. With respect to the Authority Land, it is not necessary for the Authority’s use because the Authority Land is not being used or planned to be used pursuant to a written plan adopted by the Authority, for Authority work or operations.

If approved, the attached Resolution will confirm the Authority’s declaration that the Authority Land is exempt surplus land and not necessary for the Authority’s use.

Pursuant to Section 400 (e) of the SLA Guidelines, a copy of the adopted Resolution declaring the Authority Land exempt surplus land is required to be provided to HCD no later than 30 days prior to the disposition of the Authority Land to the City.

Pursuant to § 15060 (c) (3) of the California Environmental Quality Act (the “CEQA”) Guidelines (i.e., California Code of Regulations, Title 14, Division 6, Chapter 3, §§ 15000-15387) (the “CEQA Guidelines”), approval of this Resolution is exempt from CEQA because the actions described herein will not result in a direct or indirect physical A.11
Packet Pg. 274

change in the environment and the actions described herein are not a “Project”, as defined within § 15378 of the CEQA Guidelines; and

ALTERNATIVES

1. Approve a Resolution declaring pursuant to California Government Code § 54221 that the real property identified as APNs 481-130-022, 481-130-023, 485- 032-013, 486-084-006 and 486-084-011 is designated as exempt surplus land and not necessary for the authority’s use at this time, finding that such declaration is exempt from environmental review under the California Environmental Quality Act. Staff recommends this alternative as it will allow the Housing Authority to transfer the Authority Land to the City of Moreno Valley for its public purposes.

2. Do not approve a Resolution declaring pursuant to California Government Code § 54221 that the real property identified as APNs 481-130-022, 481-130-023, 485-032-013, 486-084-006 and 486-084-011 is designated as exempt surplus land and provide staff with other direction. Staff does not recommend this alternative as it will not allow the Housing Authority to transfer the Authority Land to the City of Moreno Valley for its public purposes.

FISCAL IMPACT
Because the recommended action is a preliminary step required prior to authorizing a purchase and sale agreement between the Housing Authority and the City of Moreno Valley, the recommended action does not have a fiscal impact. If the attached Resolution is approved and a purchase and sale agreement is presented to and approved by the Housing Authority and the City of Moreno Valley, then the staff report that will accompany such purchase and sale agreement will include a fiscal impact statement relative to the source of the acquisition price and the use of the net sales proceeds.

NOTIFICATION
The public has been notified through the publication of the agenda.

PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:

Dena Heald Brian Mohan
Deputy Finance Director Assistant City Manager/Chief
Financial Officer/City Treasurer

CITY COUNCIL GOALS
None
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CITY COUNCIL STRATEGIC PRIORITIES

1. Economic Development

2. Public Safety

3. Library

4. Infrastructure

5. Beautification, Community Engagement, and Quality of Life

6. Youth Programs

ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.

1. Assessor Map for APNs 481-130-022, 481-130-023, 485-032-013, 486-084-006 and 486-084-011

2. HA Resolution Declaring Exempt Surplus Property to the City of Moreno Valley APNs 481-130-022 and 023 - 485-032-013 - 486-084-006 and 011

APPROVALS
Budget Officer Approval ✓ Approved . 6/07/22 8:18 PM
City Attorney Approval ✓ Approved .

City Manager Approval ✓ Approved . 6/08/22 9:43 AM
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A.11.a
Packet Pg. 277 Attachment: Assessor Map for APNs 481-130-022, 481-130-023, 485-032-013, 486-084-006 and 486-084-011 (5848 : APPROVE A RESOLUTION DECLARING PURSUANT TO CALIFORNIA GOVERNMENT CODE § 54221 THAT A.11.a
Packet Pg. 278 Attachment: Assessor Map for APNs 481-130-022, 481-130-023, 485-032-013, 486-084-006 and 486-084-011 (5848 : APPROVE A RESOLUTION DECLARING PURSUANT TO CALIFORNIA GOVERNMENT CODE § 54221 THAT 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 65 49.50

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486-08
ASSESSOR'S MAP BK.486 PG.08
Riverside County, Calif. C. Nguyen December 2010
NW 1/4, SEC. 20, T.3S., R.3W.

CITY OF MORENO VALLEY
TRA 021-008
021-343
483-17
Pg 08
Pg 09
Pg 07
Pg 10
Pg 06
Bk 485
Pg 10
Pg 11
Bk 485
Pg 11
Bk 485
Pg 09
THIS MAP WAS PREPARED FOR ASSESSMENT PURPOSES ONLY. NO LIABILITY IS ASSUMED FOR THE ACCURACY OF THE DATA SHOWN. ASSESSOR'S PARCEL MAY NOT COMPLY WITH LOCAL LOT-SPLIT OR BUILDING SITE ORDINANCES. ©
1 " = 100 '
Map Reference *
MB 52/99 - 100 TRACT MAP NO. 2995
MB 35/45 - 46 WARNER RANCH TRACT UNIT 1
Date Old Num New Num
10/19/2009 084-1 17
12/9/2010 081-1 21,ST
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Packet Pg. 279 Attachment: Assessor Map for APNs 481-130-022, 481-130-023, 485-032-013, 486-084-006 and 486-084-011 (5848 : APPROVE A RESOLUTION -1-
Resolution HA 2022-__
RESOLUTION NO. HA 2022-__

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE

MORENO VALLEY HOUSING AUTHORITY, CALIFORNIA,

DECLARING PURSUANT TO CALIFORNIA GOVERNMENT
CODE § 54221 THAT THE REAL PROPERTY IDENTIFIED AS
APNs 481-130-022, 481-130-023, 485-032-013, 486-084-006 AND 486-084-011 IS DESIGNATED AS EXEMPT SURPLUS
LAND AND NOT NECESSARY FOR THE AUTHORITY’S USE

AT THIS TIME, FINDING THAT SUCH DECLARATION IS

EXEMPT FROM ENVIRONMENTAL REVIEW UNDER THE

CALIFORNIA ENVIRONMENTAL QUALITY ACT, AND

TAKING RELATED ACTIONS
WHEREAS, this Resolution concerns five (5) vacant scattered parcels identified as APNs 481-130-022, 481-130-023, 485-032-013, 486-084-006 and 486-084-011 that are owned in fee by the Moreno Valley Housing Authority (the “Authority”) collectively consisting of approximately 1.2967-acres (approximately 56,487 square feet), as more particularly described in Exhibit “A” and depicted in Exhibit “B” to this Resolution (the “Authority Land”); and
WHEREAS, pursuant to the California Surplus Land Act (the “SLA”), Government Code (the “GC”) §§ 54220-54333 (the “Act”), as amended by AB 1486 (Chapter 664, Statutes of 2019; “AB 1486”) and SLA Guidelines promulgated thereunder by the California Department of Housing and Community Development (the “HCD”) dated as of April 2021 (the “SLA Guidelines”), in order for the Authority to disposed of real property, it must first comply with the Act and the SLA Guidelines; and WHEREAS, the Act, as expounded upon by the SLA Guidelines, provides that prior to disposition, such land shall be declared either surplus land or exempt surplus land before the public entity may take action to dispose of it consistent with the public entity’s policies or procedures; and
WHEREAS, with respect to surplus land (i.e., non-exempt land), such property must first be made available under a procedure set forth in the Act and expounded upon by the SLA Guidelines, which includes a process requiring that a notice be given calling for written notices of interest from local public agencies and housing sponsors after the public entity owner has designated such land as surplus by the taking of a formal action at a public meeting of such public entity; and
WHEREAS, with respect to exempt surplus land, the public entity must first take a formal action at a public meeting of the public entity designating the affected land as exempt surplus land based on findings supporting such designation that are consistent with the definition of exempt surplus land as specified in GC § 54221 (f); and A.11.b
Packet Pg. 280 Attachment: HA Resolution Declaring Exempt Surplus Property to the City of Moreno Valley APNs 481-130-022 and 023 - 485-032-013 - 486-084- -2-
Resolution HA 2022-__
WHEREAS, the Authority Land as a whole (i.e., all five parcels) qualifies for designation as exempt surplus land pursuant to GC § 54221 (f) (1) (D) based on it being ultimately transferred to the City of Moreno Valley, which has offered to purchase the Authority Land for City use; and
WHEREAS, two of the parcels constituting the Authority Land, identified as APNs 486-084-006 and -011, also quality for designation as exempt surplus land pursuant to GC § 54221 (f) (1) (B) (i) because the parcels are less than 5,000 square feet in area (i.e., both parcels are approximately 4,087.5 square feet in size); and WHEREAS, pursuant to the Act, land is necessary for a public entity’s use if the land is being used, or is planned to be used pursuant to a written plan adopted by the public entity, for the public entity’s work or operations; and WHEREAS, with respect to the Authority Land, it is not necessary for the Authority’s use because the Authority Land is not being used or planned to be used pursuant to a written plan adopted by the Authority, for Authority work or operations; and WHEREAS, if approved, this Resolution will confirm the Authority’s declaration that the Authority Land is exempt surplus land and not necessary for the Authority’s use; and
WHEREAS, pursuant to Section 400 (e) of the SLA Guidelines, a copy of the adopted Resolution declaring the Authority Land exempt surplus land is required to be provided to HCD no later than 30 days prior to the disposition of the Authority Land to the City; and
WHEREAS, pursuant to § 15060 (c) (3) of the California Environmental Quality Act (the “CEQA”) Guidelines (i.e., California Code of Regulations, Title 14, Division 6, Chapter 3, §§ 15000-15387) (the “CEQA Guidelines”), approval of this Resolution is exempt from CEQA because the actions described herein will not result in a direct or indirect physical change in the environment and the actions described herein are not a “Project”, as defined within § 15378 of the CEQA Guidelines; and WHEREAS, all of the prerequisites with respect to the approval of this Resolution have been met.

THEREFORE, BE IT RESOLVED, FOUND, DETERMINED AND ORDERED, by the Governing Board of the Moreno Valley Housing Authority, in regular session assembled on June 21, 2022, in the meeting room of the Board located on the 1st floor of City Hall, 14177 Frederick Street, Moreno Valley, California, as follows:
1) That the Board hereby finds and declares that the above recitals are true and correct and incorporated as though fully set forth herein. 2) The Board hereby declares that the Authority Land is exempt surplus land consistent with GC § 54221 (f) (1) (D) and GC § 54221 (f) (1) (B) (i).

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Packet Pg. 281 Attachment: HA Resolution Declaring Exempt Surplus Property to the City of Moreno Valley APNs 481-130-022 and 023 - 485-032-013 - 486-084- -3-
Resolution HA 2022-__
3) The Board hereby authorizes City/Authority Staff, through the City Manager/Executive Director, or designee to provide the HCD with a copy of the adopted Resolution declaring the Authority Land exempt surplus land no later than 30 days prior to the disposition of the Authority Land to the City.
4) This Resolution has been reviewed with respect to the applicability of the CEQA (Public Resources Code § 21000 et seq.). City staff has determined that the designation of the Authority Land as exempt surplus land does not have the potential for creating a significant effect on the environment and is therefore exempt from further review under CEQA pursuant to State CEQA Guidelines § 15060(c)(3) because it is not a project as defined by the CEQA Guidelines § 15378. Adoption of the Resolution does not have the potential for resulting in either a direct or indirect physical change in the environment. 5) The City Clerk is directed to file a Notice of Exemption pursuant to CEQA Guidelines § 15062.
6) This Resolution shall take effect upon the date of its adoption.

APPROVED AND ADOPTED this 21st day of June, 2022.

Dr. Yxstian Gutierrez
Chairman, Governing Board of the
Moreno Valley Housing Authority
ATTEST:

Brian Mohan, Acting City Clerk
APPROVED AS TO FORM:

Steven B. Quintanilla, City Attorney
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Packet Pg. 282 Attachment: HA Resolution Declaring Exempt Surplus Property to the City of Moreno Valley APNs 481-130-022 and 023 - 485-032-013 - 486-084- -4-
Resolution HA 2022-__

RESOLUTION JURAT

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF MORENO VALLEY )
I, Brian Mohan, Acting City Clerk of the City of Moreno Valley, California, do hereby certify that Resolution No. HA 2022 - was duly and regularly adopted by the City Council of the City of Moreno Valley at a regular meeting thereof held on the 21st day of June, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
Brian Mohan, Acting City Clerk
(SEAL)
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Packet Pg. 283 Attachment: HA Resolution Declaring Exempt Surplus Property to the City of Moreno Valley APNs 481-130-022 and 023 - 485-032-013 - 486-084- -6-
Resolution HA 2022-__
EXHIBIT “A”

DESCRIPTION OF PROPERTY
The real property in the City of Moreno Valley, County of Riverside, State of California, described as follows:

Parcel No. 1
Lot 66 of the Edgemont Gardens Tract, as per Map recorded in Book 15, Page 90 of Maps, in the Office of the County Recorder of said County.

Excepting therefrom the Westerly rectangular 72.00 feet of said Lot.

APN 481-130-022
Parcel No. 2
The Westerly rectangular 72.00 feet of Lot 66 of the Edgemont Gardens Tract, as per Map recorded in Book 15, Page 90 of Maps, in the Office of the County Recorder of said County.

APN 481-130-023
Parcel No. 3
Lot 17 of Tract No. 2229, in the City of Moreno Valley, County of Riverside, State of California as shown on file in Book 42, Page 31 of Maps, Records of Riverside County, California.

APN 485-032-013
Parcel No. 4
The North ½ of Lot 20 of Tract No. 2995, in the City of Moreno Valley, County of Riverside, State of California as per Map recorded in Book 52, Pages 99 and 100 of Miscellaneous Maps, in the Office of the County Recorder of said County.

EXCEPTING therefrom the West 5.00 feet of said Lot 20 as conveyed to the County of Riverside by Deed recorded March 2, 1978, as Instrument No. 39635 of Official Records of Riverside County, California.

APN 486-084-006
Parcel No. 5
The North ½ of Lot 5 of Tract No. 2995, in the City of Moreno Valley, County of Riverside, State of California as per Map recorded in Book 52, Pages 99 and 100 of Miscellaneous Maps, in the Office of the County Recorder of said County.

APN 486-084-011
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Packet Pg. 284 Attachment: HA Resolution Declaring Exempt Surplus Property to the City of Moreno Valley APNs 481-130-022 and 023 - 485-032-013 - 486-084- -
7-
Resolution HA 2022-__
EXHIBIT “B”

DEPICTION OF PROPERTY
(See attached Assessor Maps)
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Packet Pg. 285 Attachment: HA Resolution Declaring Exempt Surplus Property to the City of Moreno Valley APNs 481-130-022 and 023 - 485-032-013 - 486-084- Report to City Council
ID#5844 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: June 21, 2022
TITLE: AUTHORIZATION TO AWARD PROFESSIONAL

CONSULTANT SERVICES AGREEMENTS FOR GRANT

ADMINISTRATION SERVICES

RECOMMENDED ACTION
Recommendations:

1. Award professional consultant services agreements to Avant Garde and Willdan Financial Services to provide grant administration services.

2. Authorize the City Manager to execute the Agreements, subject to approval as to form by the City Attorney, and subsequent amendments to the Agreement, including the authority to approve purchase orders in accordance with the terms of the Agreement, provided sufficient funding appropriations have been approved by the City Council.

SUMMARY
Every year, the City receives funding from the U.S Department of Housing and Urban Development (HUD) for the Community Development Block Grant (CDBG), HOME Investment Partnership (HOME) and Emergency Solutions Grant (ESG) Programs.

These funds are utilized to provide programs and projects that benefit low and moderate-income households and neighborhoods in the City. Prior to the dissolution of the City’s Redevelopment Agency (RDA) in 2012, the City was staffed with eleven employees to oversee the HUD grant programs, affordable housing developments, and the previous Home Improvement Loan Programs (HILP) and down payment assistance programs. Following the dissolution of the RDA, the staffing has been reduced to two employees. The funds provided by HUD have become the sole source of funding for the City to provide affordable housing and to provide programs to benefit low and moderateincome households in the City.

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In 2017 the City engaged professional consultants for grant administration services as a comprehensive solution to the City’s grant administration and compliance requirements which can also provide a greater service to residents. Given the ongoing Federal budget discussions and potential changes to the funding available for the HUD programs, the use of consultants to meet the City’s grant administration requirements allows the City to be adaptable if and as funding levels are adjusted, and regulatory requirements change.

This report recommends approval of a contract with Avant Garde and Willdan Financial Services (“Consultants”) for Grant Administration Services. These contracts will provide the necessary resources and technical expertise to administer various U.S. Department of Housing and Urban Development (HUD) programs. With constant legislative changes at the Federal level developing, administrative support of our grants’ compliance, budget targets, and performance priorities consistent with HUD’s Office of Management and Budget (OMB) Circulars, and all levels of grant compliance requires an expansive technical knowledge and various technical skills that can be provided by the Consultants at a higher level of broad range technical expertise. The City may also utilize these services to review the existing programs to determine where enhancements or program expansions are possible.

DISCUSSION
Following the dissolution of Redevelopment by the State of California, the City lost funding for many of the programs and activities which funded the staff positions.

Additionally, with the wind down of the NSP program the City lost additional funding for programs and staffing. Currently the Grants Administration Group is limited to only the CDBG, HOME, and ESG grant programs funded through HUD. Although the funding for the staffing has diminished, the ongoing grant compliance activities for the prior redevelopment projects, Home Improvement Loans Program (HILP), 1300+ affordable housing units, outstanding loans, and other prior and current activities still require compliance support activities and audits.

The oversight and management of the programs has become further complicated by significant changes to the HOME program regulations in the context of a more complex housing and community development environment. In FY 2012/13, the City also began to receive additional ESG funding which has been focused on addressing some of the City’s homeless solutions. Besides the rules and requirements specific to the grants received by the City, there are several additional broad federal rules (cross-cutting requirements) that must be adhered to in the course of administering the programs.

While the City is responsible for implementing these rules, owners, developers, Community Housing Development Organizations (CHDOs), and other nonprofits must also be aware of them and actively ensure that a project or activity is in compliance.

These other federal requirements cover areas of non-discrimination and equal access; employment and contracting; environmental review; site and neighborhood standards; relocation; and lead-based paint.

Additionally, with the onset of the COVID-19 pandemic, the federal government A.12
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