Statement of Revenues, Expenses, and Changes in Net Position – Proprietary Funds

RIVERTON CITY, UTAH ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2022 Financial Section – Proprietary Funds Financial Statements (continued) STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION – PROPRIETARY FUNDS – FOR THE YEAR ENDED JUNE 30, 2022

Enterprise Funds Culinary Secondary Storm Water Water Sanitation Water Total

OPERATING REVENUES

Sales and charges for services 5,157,201$ 3,545,938$ 2,083,693$ -$ 10,786,832 $ Impact fees 457,782 939,341 - - 1,397,123 Connection fees 45,958 28,267 - - 74,225 Miscellaneous 19,861 3,936 13,903 - 37,700

Total operating revenues 5,680,802 4,517,482 2,097,596 - 12,295,880

OPERATING EXPENSES

Wages and benefits 1,509,553 1,143,084 122,931 - 2,775,568 Utilities 241,245 325,584 62,000 - 628,829 Source and supply 2,374,066 107,704 - - 2,481,770 Landfill fees - - 396,970 - 396,970 Sanitation charges - - 1,508,031 - 1,508,031 Shop and garage 310,047 94,712 - - 404,759 System maintenance 123,989 245,534 - - 369,523 Administrative 238,895 239,822 39,605 - 518,322 Depreciation 971,357 993,150 - - 1,964,507 Total operating expenses 5,769,152 3,149,590 2,129,537 - 11,048,279 Operating income (loss) (88,350) 1,367,892 (31,941) - 1,247,601

NONOPERATING REVENUES (EXPENSES)

Equity gain from joint venture - - 404,745 - 404,745 Interest income 24,996 9,404 1,371 - 35,771 Interest expense - (199,365) - - (199,365) Gain (loss) on disposal of assets 57,690 2,469 - - 60,159 Gain (loss) on disposal of debt - 47,000 - - 47,000

Total nonoperating revenues (expenses)

82,686 (140,492) 406,116 - 348,310

Income (loss) before

contributions and transfers (5,664) 1,227,400 374,175 - 1,595,911 Capital contributions 139,319 506,225 - - 645,544 Transfers in - 2,080,415 30,000 - 2,110,415 Transfers out - - - (24,288,599) (24,288,599)

Change in net position 133,655 3,814,040 404,175 (24,288,599) (19,936,729)

Total net position, beginning 40,971,217 47,214,828 3,595,104 24,288,599 116,069,748 Total net position, ending 41,104,872 $ 51,028,868$ 3,999,279$ -$ 96,133,019 $