Apr 28, 2026BoardMeeting
BoardCity Of Moreno Valley Finance Subcommittee Minutes
The subcommittee discussed the proposed issuance of approximately $138 million in Electric System Revenue Bonds Series 2026A for Moreno Valley Electric Utility, intended to fund new capital projects and refund prior debt secured by the general fund. Key topics included the debt structure, rate covenants, battery storage technology investments, and long-term financial stability. Additionally, the committee reviewed and approved the Annual Statement of Investment Policy and the Annual Review of the Debt Management Policy. A report on the Fiscal Year 2026-27 fixed charges for Special Financing Districts was also presented for advisory review.