Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position

RIVERTON CITY, UTAH ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2022 Financial Section – Governmental Funds Financial Statements (continued) RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION – JUNE 30, 2022

Amounts reported for governmental activities in the Statement of Net Position are different because: Total fund balances for governmental funds (page 40) 26,040,867$

Year-end balances between the primary government and component unit are eliminated in the Statement of Net Position

Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. 44,392

225,323,349

Other long-term assets not available for current period expenditures and are therefore deferred in the funds balance sheet.

Net pension asset

Deferred loss on refunding

Deferred outflows of resources relating to pensions

Interest expense is not due and payable in the current period and therefore, is not recorded in the funds. 3,442,106 2,083,765 1,908,339 (104,599)

Long-termliabilities,includingbondspayable,leases,andcompensatedabenses,arenotdueandpayableinthecurrentperiodand, therefore, not reported in the funds. (33,106,425)

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. (5,204,260)

Net position of governmental activities (page 37) 220,427,534$