Draper's ambulance fund ran a $2.3 million operating loss in FY2025, covered by a $2.2 million transfer
The city's audited FY2025 report shows the ambulance fund took in $1,970,780 in operating revenue against $4,238,854 in operating expenses. Transfers in of $2,200,000 left its net position up $19,668.
Continuing story: Auditing Draper
Operating expenses in Draper's ambulance fund exceeded its operating revenues by $2,268,074 in the fiscal year that ended June 30, 2025 (FY2025), according to the city's audited annual financial report. The fund also recorded $2,200,000 in transfers in. [1]
The FY2025 numbers
The report's statement of revenues, expenses and changes in net position shows the ambulance fund with $1,953,510 in sales and charges for services and $17,270 in miscellaneous income, for total operating revenues of $1,970,780. [1]
Operating expenses totaled $4,238,854: $2,589,971 for salaries and benefits, $1,269,416 administrative, $206,411 for supplies and repairs, $39,300 for claims and insurance, $13,367 for utilities and $120,389 of depreciation. The operating loss was $2,268,074. [1]
Nonoperating revenues added $87,742, mostly $83,259 in interest income. The fund recorded $2,200,000 in transfers in, and its net position rose $19,668, from $2,744,553 to $2,764,221. [1]
The statement of cash flows shows $2,237,028 in net cash used by operating activities. [1]
An operating loss in an enterprise fund is an accounting result that includes depreciation. It is not a finding of insolvency.
Sources
Reporting by The Utah Ledger from the public records above. AI-assisted, checked against those records.