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Finance

Your Department Contact:

Paul Jerome

Asst. City Administrator/Finance Director

Office: (801) 789-6606

Fax: (801) 789-6650

Email: pjerome@emcity.org

Additional Resources:

David Mortensen

Asst. Finance Director/Treasurer

Office: (801) 789-6605

Fax: (801) 789-6650

Email: dmortensen@emcity.org

Sandy Riet

Accounts Payable Clerk

Office: (801) 789-6608

Fax: (801) 789-6650

Email: sriet@emcity.org

Our Financial Philosophy

Eagle Mountain City believes in doing more with less. We are open to nontraditional approaches to ensure a strong financial position. Because of our financial practices, Eagle Mountain City has a healthy financial reserve, pays for amenities in cash, has no general obligation debt, maintains a small government, and keeps taxes and fees lower than most cities.In addition, we are able to maintain a five-year Streets Maintenance Program for our entire network. Through creative solutions we are planning a strong and stable future for our city.

What the Finance Department Does

The Finance Department collects and receipts all revenues received by the City, tracks expenditures and disburses payments. It manages the billing for all City services and assists with the budgeting process.

City Budget

Each year the Finance Department coordinates the development of the City Budget. Eagle Mountain’s fiscal year begins on July 1 annually but the actual development of the budget starts at the beginning of each new year. The process commences with a visioning meeting with the City Council, followed by discussions with department heads to create a draft budget. This is followed by a series of presentations to City Council and revisions before the final budget adoption.

The budget is available for anyone to examine using the links below. Eagle Mountain City staff takes great care to ensure it is presented well, so much so that Eagle Mountain has received the GFOA’s (Government Finance Officer Association) Distinguished Budget Presentation Award for more than 10 years in a row.

Fiscal Year (FY) 2020 Budget Calendar

Financial Audits

At the end of each year the City goes through an auditing process completed by an independent third party. This audit leads to the development of what is known as the CAFR or Comprehensive Annual Financial Report. The CAFR provides the basic financial statements, revenue schedules, and other details regarding the City’s financial activity, through the end of the fiscal year on June 30. At this time the PAFR (Popular Annual Financial Report) is also created. The PAFR is a summarized version of the CAFR that is easier for the general public to review.

Eagle Mountain City has received the GFOA’s Certificate of Achievement for Excellence in Financial Reporting for nearly 10 years in a row.

Comprehensive Annual Financial Reports (CAFR)

2018-2019: To be released December 2019

2017-2018

2016-2017

2015-2016

2014-2015

2013-2014

Popular Annual Financial Reports (PAFR)

2018-2019: To be released December 2019

2017-2018

2016-2017

2015-2016

2014-2015

2013-2014