RIVERTON CITY, UTAH
COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2021 Statistical Section – Debt Capacity (continued)
PLEDGED REVENUE COVERAGE – LAST TEN FISCAL YEARS – RIVERTON CITY CORPORATION, UTAH Governmental Activities Franchise / Sales Tax Revenue Bonds
Fiscal Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Debt Service
Franchise / Sales Tax Revenue $
7,167,371 7,534,444 7,763,514 8,037,870 8,473,601 8,892,656 9,406,192 9,975,994 10,728,214 12,297,719
Principal $
1,305,000 650,000 715,000 735,000 766,000 582,000 851,000 923,000 1,186,000 1,034,000
Interest $
822,194 777,130 1,488,549 1,648,434 1,524,687 1,510,368 1,483,751 1,456,948 1,099,574 1,313,958
Note: Details regarding the City’s outstanding debt can be found in Note No. 10 Operating expenses do not include interest, depreciation, or amortization costs
Business-type Activities Water Revenue Bonds Coverage Ratio 3.37 5.28 3.52 3.37 3.70 4.25 4.03 4.19 4.69 5.24
Water Revenue $
7,586,695 7,710,332 7,902,909 7,914,064 10,189,600 10,421,363 9,827,551 9,174,834 8,956,493 9,602,247
Less: Operating Expenses $
4,250,394 4,889,531 4,574,991 4,848,963 5,698,212 6,671,655 6,182,791 6,226,844 7,184,589 7,607,528
Debt Service
Net Available Revenue $
3,336,301 2,820,801 3,327,918 3,065,101 4,491,388 3,749,708 3,644,760 2,947,990 1,771,904 1,994,719
Interest
Principal $
1,183,000 1,228,000 1,366,000 1,371,000 1,401,000 1,495,000 1,513,000 1,548,000 1,603,000 1,600,000
$
492,692 439,277 259,239 261,798 246,020 227,547 205,304 179,088 132,888 204,282
Coverage Ratio 1.99 1.69 2.05 1.88 2.73 2.18 2.12 1.71 1.02 1.11
