Pledged Revenue Coverage

RIVERTON CITY, UTAH

ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2022 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

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Governmental Activities Franchise / Sales Tax Revenue Bonds

Debt Service

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 13,708,469 $

650,000 715,000 735,000 766,000 582,000 851,000 923,000 1,186,000 1,034,000 1,071,000 $ 777,130

5.28 1,488,549 3.52 1,648,434 3.37

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 9,827,551

1,456,948 4.19 9,174,834

1,099,574 4.69 1,313,958 5.24

8,956,493 9,602,247 1,278,554 5.83 10,198,284 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 6,954,235

Business-type Activities Water Revenue Bonds

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 3,244,049

Debt Service

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 1,300,000 $ 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 1.11 169,197 2.21

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 The total principal payment for water revenue bonds does not include the full defeasance of the 2020B Bond Series using left over construction proceeds from the 2020A Bond Series and fund balance in the City REDIIF fund. Including this principal figure would create a distorted coverage ratio.