Statement of Cash Flows – Proprietary Funds Notes to the Financial Statements

RIVERTON CITY, UTAH ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2022 Financial Section – Proprietary Funds Financial Statements (continued) STATEMENT OF CASH FLOWS – PROPRIETARY FUNDS – FOR THE YEAR ENDED JUNE 30, 2022

Enterprise Funds Culinary Secondary Storm Water Water Sanitation Water Total

Cash flows from operating activities

Receipts from customers and users 5,524,344$ 4,553,735$ 2,074,451$ 289,445$ 12,441,975 $

Payments to suppliers (3,645,257) (1,006,218) (1,775,902) (229,234) (6,656,611)

Payments to employees (1,883,207) (1,357,337) (130,626) (108,238) (3,479,408)

Net cash provided (used) by

operating activities (4,120) 2,190,180 167,923 (48,027) 2,305,956

Cash flows from noncapital financing activities

Due to / from other funds 905,000 (905,000) Transfers to/from other funds - 1,225,821 30,000 (1,523,234) (267,413)

Net cash provided (used) by

noncapital financing activities 905,000 320,821 30,000 (1,523,234) (267,413)

Cash flows from capital and related financing activities

Acquisition of capital assets (1,107,764) (412,162) - - (1,519,926) Proceeds from sale of assets 162,645 56,639 - - 219,284 Principal paid on capital debt - (5,295,000) - - (5,295,000) Interest paid on capital debt - (180,742) - - (180,742)

Net cash used by capital

and related financing activities (945,119) (5,831,265) - - (6,776,384)

Cash flows from investing activities

Interest received 24,996 9,404 1,371 - 35,771 Net cash provided by investing activities 24,996 9,404 1,371 - 35,771

Net increase (decrease) in cash and

cash equivalents (19,243) (3,310,860) 199,294 (1,571,261) (4,702,070) Cash and cash equivalents, beginning of year 5,924,354 4,362,892 163,491 1,571,261 12,021,998 Cash and cash equivalents, end of year 5,905,111 $ 1,052,032$ 362,785$ -$ 7,319,928 $

Cash and cash equivalents Restricted cash and cash equivalents

Total Cash

5,900,701 $ 13,326$ 362,785$ -$ 6,276,812 $ 4,410 1,038,706 - - 1,043,116 5,905,111 $ 1,052,032$ 362,785$ -$ 7,319,928 $

Reconciliation of operating income to net cash provided (used) by operating activities

Operating income (loss) (88,350)$ 1,367,892$ (31,941)$ -$ 1,247,601 $ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation 971,357 993,150 - - 1,964,507 Net pension adjustment (342,201) (184,905) (4,823) (42,942) (574,871) Changes in assets and liabilities: Accounts receivable (160,119) 36,253 (23,145) 289,445 142,434 Prepaids 12,805 (1,563) - 2,304 13,546 Inventories (99,042) (4,652) - - (103,694) Accounts payable (270,778) 6,221 230,704 (231,538) (265,391) Accrued liabilities (45,710) (35,033) (2,635) (24,166) (107,544) Deposits and retainage - 7,132 - - 7,132 Deferred revenue 3,661 - - - 3,661 Compensated absences 14,257 5,685 (237) (41,130) (21,425) Net cash provided (used) by operating activities (4,120) $ 2,190,180$ 167,923$ (48,027)$ 2,305,956 $

Noncash investing, capital and financing activities

Capital contributions - developers 139,319$ 506,225$ -$ -$ 645,544 $