City Adopts $37 Million Policy by Ashley Dinkel - City News Group, Inc.

Community Calendar

MARCH
S M T W T F S
01 02 03 04 05 06 07
08 09 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 01 02 03 04
View Events
Submit Events

City Adopts $37 Million Policy

By Ashley Dinkel, Staff Writer
February 16, 2017 at 12:22pm. Views: 46

MORENO VALLEY>> The City of Moreno Valley announced the adoption of a financial reserve policy to direct the city's $37 million in reserves for specific purposes. "The policy will help maintain the city's financial stability, protect against future economic downturns which bring unpredictable shortfalls in tax revenue, better prepare the city, its residents and its businesses for a catastrophic natural disaster," said Marshall Eyerman, Chief Financial Officer of Moreno Valley. With 22 percent of its general fund in emergency reserves, Eyerman said the city currently meets the new reserve policy's minimum standards and exceeds the emergency reserve levels of other cities in California. Moreno Valley was recently ranked the third most financially stable city in the nation among cities with a population larger than 200,000. The city's modest debt loads and healthy general reserve funds were credited with helping the city rise to the top of the rankings. "The City of Moreno Valley remains committed to fiscal prudence while ensuring residents receive the quality services they have come to expect," said Mayor Yxstian Gutierrez. "The steps we are taking today will ensure a brighter tomorrow." Moreno Valley's new financial reserves policy formalizes the city's long-standing practice of maintaining reserves, and splits the reserve funds into three categories: Cash Flow, Rainy Day and an Emergency fund. The city does not receive property tax revenue until the end of January - seven months after the start of the city's fiscal year. Eyerman said maintaining a Cash Flow reserve with a minimum of 17 percent of the city's general fund expenses will allow the city to provide day-to-day services until property tax revenue is received. "Allocating a minimum of 10 percent of the city's general fund to a Rainy Day fund will ensure that the city has the flexibility to continue to deliver quality services during future economic downturns," Eyerman said. "Setting aside these funds is particularly important because economic recessions can reduce sales and property tax revenues which support the full range of services provided to the community." A minimum of 12 percent of the city's general fund will be assigned to an emergency fund which can be used in response to a catastrophic earthquake, flood, fire or other disaster. The fund will also provide a financial buffer in the event that the city is forced to wait for receipt of federal disaster relief funds.

Related Articles

Photo Courtesy of: City of Moreno Valley

By Ruby Stephenson, Contributing Writer

March 3, 2026 at 12:17pm. Views: 234

Moreno Valley residents are being invited to take an active role in shaping the city’s future, by serving on one of its Boards or Commissions, Mayor Ulises announced.

Photo Courtesy of: Loma Linda University Church

By Stella Pierce, Community Writer

March 3, 2026 at 12:17pm. Views: 240

The student ensemble, directed by Michael Pichette, will be presenting a vespers program featuring reflective wind and percussion music that brings together students, families, and the local community.

Photo Courtesy of: Grand Terrace Titans

By Charmaine Mislang, Community Writer

March 3, 2026 at 12:17pm. Views: 218

Young athletes with the Grand Terrace Titans Jr. All American Football & Cheer sit together and smile for a group photo during practice, wearing team uniforms and bows, representing teamwork, confidence, and community spirit.

Cheerleading events feature cheer competition performances, where our athletes showcased their routines, teamwork, and dedication.

The football events focus on time spent together both on and off the field, competing, training, building brotherhood, and strengthening team bonds through shared experiences.

Photo Courtesy of: Grand Terrace Woman's Club

By Stella Pierce, Community Writer

March 3, 2026 at 12:17pm. Views: 235

Members of the Grand Terrace Woman’s Club welcome community members during one of their Bingo Game Nights, which raise funds to support local outreach efforts while bringing residents together for an evening of fun and fellowship.

Photo Courtesy of: Youtube: IE Pulse

By Charmaine Mislang, Community Writer

March 3, 2026 at 12:17pm. Views: 360

Colton firefighters respond to a hazardous hydrogen‑fuel tank explosion, quickly securing the scene and preventing further danger to the surrounding neighborhood.

Photo Courtesy of: CUSM

By Cynthia Baker, Contributing Writer

March 3, 2026 at 12:18pm. Views: 264

Taken on July 22, 2025: The MD class of 2029 MD took the Hippocratic Oath and received their white coats, symbolizing entrance into the medical profession.
"This class brings the largest number of Inland Empire-based students to a CUSM MD class," said Paul Lyons, MD, President and Dean of California University of Science and Medicine. "It is core to our mission to support the communities of the Inland Empire in terms of education and health accessibility. Admitting qualified IE-based students is a major part of bringing our mission to life."

Photo Courtesy of: San Bernardino County Department of Public Health

By Stella Pierce, Contributing Writer

March 3, 2026 at 12:18pm. Views: 265

Airbud, a tan Shepherd-mix dog, happily jumps up to play with a handler during outdoor enrichment time at the shelter, showing his energetic and playful personality.

Photo Courtesy of: ChatGPT (AI-generated)

By Stella Price, Contributing Writer

March 3, 2026 at 12:18pm. Views: 329

Illustrative image of a happy family outdoors with one dog and one cat, both shown wearing pet insurance tags. Moreno Valley Animal Services and MetLife Pet Insurance form a unique partnership in an effort to remove adoption barriers.

Photo Courtesy of: City of Riverside, Fire Department

By William Cortez, Contributing Writer

March 3, 2026 at 12:18pm. Views: 194

City of Riverside Fire Department officials and city leaders stand in front of a fire engine, cutting a red ribbon to unveil new PumpPod equipment, during an outdoor ceremony on a sunny day.

Photo Courtesy of: ChatGPT (AI-generated)

By William Cortez, Contributing Writer

March 3, 2026 at 12:18pm. Views: 151

An AI-rendered image showing a person wearing a hood and gloves removing a property tax payment envelope from a blue mail drop box during low light conditions.

Photo Courtesy of: ChatGPT (AI-generated)

By Charmaine Mislang, Community Writer

March 3, 2026 at 12:18pm. Views: 281

AI-generated image of a family of four sitting at a kitchen table, looking together at a laptop while holding CalFresh informational materials and an application form. The adults and children appear engaged and focused, suggesting they are reviewing or applying for food assistance benefits.

Photo Courtesy of: Designed by Freepik

By Angela Giacobbe, Community Writer

March 3, 2026 at 12:18pm. Views: 168

An energetic group of friends stand outdoors, smiling and embracing in a moment of connection and support. Staying proactive about health—including routine colon cancer screening—helps ensure more moments like these for years to come.

--> -->