Auditing Riverton
The Ledger's review of Riverton's budgets, audits, debt and redevelopment money. Every story in the series, sorted by subject, with the figures the records show and links to the official documents.
Start here
Auditing Riverton: What the city's audit shows about its money
Riverton's fiscal 2025 audit reports $54.9 million in governmental revenue, a $9.2 million General Fund balance and about $34.8 million in bonds, leases and notes. The city levies no property tax of its own; police and fire are funded through two service areas the City Council governs.
Read the explainer →Key figures
- $9.2 millionGeneral Fund balance at June 30, 2025Auditing Riverton: What the city's audit shows about its money →
- $34.8 millionBonds, premiums, leases, UFSA note and subscriptions at June 30, 2025Auditing Riverton: What the city's audit shows about its money →
- $2.8 millionTax increment paid to CenterCal in fiscal 2025Riverton paid $2.8 million to Mountain View Village developer and $442,000 to Costco in fiscal 2025 →
- $441,781Sales tax paid under the Costco agreement in fiscal 2025Riverton paid $2.8 million to Mountain View Village developer and $442,000 to Costco in fiscal 2025 →
- $14.3 millionProperty tax collected through the police and fire service areas, fiscal 2025Riverton's city tax rate is zero. Its police and fire service areas collect $14.3 million →
- $2.5 millionPrincipal still owed on Unified Fire Service Area debt shareRiverton still owes $2.5 million on Unified Fire debt it agreed to share when it left →
- $5.1 millionPark impact fees on hand at June 30, 2025Riverton had $5.1 million in park fees and $5.5 million in road fees on hand; it spent $138,303 in fiscal 2025 →
Debt and bonds
Riverton still owes $2.5 million on Unified Fire debt it agreed to share when it left
When Riverton left the Unified Fire Service Area, its new fire service area agreed to pay 12.2% of the district's remaining 2016 building debt, though none of it paid for projects in Riverton. At June 30, 2025, $2,498,450 in principal and $391,562 in interest remained.
Redevelopment money
Riverton paid $2.8 million to Mountain View Village developer and $442,000 to Costco in fiscal 2025
Riverton's fiscal 2025 audit reports $2,775,336 in tax increment paid to CenterCal for Mountain View Village and $441,781 in sales tax paid under the city's Costco agreement. The CenterCal deal runs up to 25 years and is limited to a net present value of $35 million as of 2016.
Budgets, reserves and taxes
Riverton had $5.1 million in park fees and $5.5 million in road fees on hand; it spent $138,303 in fiscal 2025
Riverton's fiscal 2025 impact fee report shows $5,126,913 in park fees and $5,547,035 in road fees on hand at June 30, 2025. Park fees paid for a $13,159 bocce court; road fees paid $125,144 toward 13800 South Mountain View Road.
Riverton's city tax rate is zero. Its police and fire service areas collect $14.3 million
Riverton has levied no city property tax since 2012. All $14.3 million in property tax in its fiscal 2025 audit came through the law enforcement and fire service areas, which the mayor and City Council govern. The police area moved $8 million to the city's General Fund.
Contracts and spending
No story in the series on this yet.