RIVERTON CITY, UTAH
COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2021 Financial Section – Governmental Funds Financial Statements (continued)
RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION – JUNE 30, 2021 Amounts reported for governmental activities in the Statement of Net Position are different because: Total fund balances for governmental funds (page 42)
$
Year-end balances between the primary government and component unit are eliminated in the Statement of Net Position
(249,645) 199,386,592
Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. Other long-term assets not available for current period expenditures and are therefore deferred in the funds balance sheet. Deferred loss on refunding Deferred outflows of resources relating to pensions
2,237,405 1,966,013
Interest expense is not due and payable in the current period and therefore, is not recorded in the funds.
(107,811)
Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, not reported in the funds.
(32,923,423)
Net pension liabilities and deferred inflows relating to pensions are not due and payable in the current period and, therefore, not reported in the funds. Net position of governmental activities (page 39)
The accompanying notes are an integral part of this financial statement.
17,931,732
(3,010,429) $
185,230,434
