The Government Finance Officers Association has named Eagle Mountain City a Triple Crown Winner in several financial reporting categories for Fiscal Year 2020.
The City was recognized for Excellence in Financial Reporting, Popular Annual Financial Reporting and Distinguished Budget Presentation in a fiscal year.
“Over the years, we’ve worked hard to ensure that Eagle Mountain City is transparent financially and this shows we have taken great strides to maintain that.” says Eagle Mountain City Administrator Paul Jerome. “We’re grateful for the efforts of our staff and the work they do to help the City achieve this recognition.”
Eagle Mountain City is one of just 317 governments that received the Triple Crown for fiscal year 2020 in the United States and Canada.
Receiving recognition for a Triple Crown designation is considered a significant achievement, according to a press release from the GFOA.
“Eagle Mountain City has long been committed to going beyond the minimum reporting requirements of financial information,” says Eagle Mountain City Finance Director Kimberly Ruesch. “This achievement is evidence of the spirit of transparency and full disclosure that is at the heart of our elected officials and staff.”
The Eagle Mountain City government met the high standards of all three categories to receive the awards.
This is the second year in a row Eagle Mountain has received Triple Crown recognition. Eagle Mountain City has been receiving individual financial reporting awards since 2007.
According to the press release, these awards honor governments that produce reports communicating their financial stories in a transparent manner.