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Pledged Revenue Coverage
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
Fiscal Year
Franchise / Sales Tax Revenue Principal Interest Coverage Ratio
Water Revenue Less: Operating Expenses Net Available Revenue Principal Interest Coverage Ratio
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Governmental Activities Franchise / Sales Tax Revenue Bonds
Debt Service
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 1,305,000$ 650,000 715,000 735,000 766,000 582,000 851,000 923,000 1,186,000 1,034,000 $ 822,194
3.37 777,130 5.28 1,488,549 3.52 1,648,434 3.37
7,586,695$ 7,710,332 7,902,909 7,914,064 1,524,687 3.70 10,189,600 1,510,368 4.25 10,421,363 1,483,751 4.03 1,456,948 4.19 9,827,551 9,174,834
1,099,574 4.69 1,313,958 5.24 8,956,493 9,602,247 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
Business-type Activities Water Revenue Bonds
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
Debt Service
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
1.99 439,277 1.69 259,239 2.05 261,798 1.88 246,020 2.73 227,547 2.18 205,304 2.12 179,088 1.71 132,888 1.02 204,282 1.11
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