Eagle Mountain audits, fiscal 2019-2023: clean opinions and repeated state budget findings

Eagle Mountain's auditor, Gilbert and Stewart CPAs, presented results to the City Council for fiscal 2019 through 2023. The minutes record the following findings. ^{[1][2][3][4][5]}

Year by year

Fiscal 2019 (presented Feb. 4, 2020): an unmodified opinion with no material weaknesses or significant deficiencies. A state compliance finding noted the general fund public works line and some special revenue funds exceeded budgets, which the auditors deemed immaterial. ^[1]

Fiscal 2020 (Feb. 2, 2021): financial statements fairly presented and compliance with state requirements in all material respects. The auditor noted some account reconciliations were not timely, and that spending exceeded budget mainly in special improvement district funds. ^[2]

Fiscal 2021 (April 5, 2022): a significant internal-control deficiency in the timeliness of reconciliations, since resolved, and general fund noncompliance with state rules on over-budget areas and an oversized fund balance. ^[3]

Fiscal 2022 (Jan. 17, 2023): expenditures exceeded budget in several funds and departments, and general fund revenues exceeded the allowable balance limit. ^[4]

Fiscal 2023 (Jan. 16, 2024): spending exceeded appropriations in several funds, including $737,399 and $744,879 in the general fund community development line, $479,166 in the transportation impact fee fund, $106,306 in the SAA 2014 debt service fund and $81,151 in the parks impact fee fund. The unrestricted general fund balance exceeded the 35 percent state limit by $2,435,228. ^[5]

Fiscal 2024 and 2025

The fiscal 2024 report includes an auditor's report from Gilbert & Stewart, CPA, PC dated Dec. 14, 2024, stating the statements present fairly the city's financial position as of June 30, 2024. ^[6] The council's Jan. 7, 2025 consent agenda included the fiscal 2024 audit. ^[7] For fiscal 2025, the auditor's report is dated Aug. 11, 2026 and the city posted a notice of completion on Aug. 21, 2026. ^[8][9] The state compliance sections of those two reports were not retrievable for this review.

Earlier State Auditor review, 2013-2014

In March 2013, the Utah State Auditor's office was examining Eagle Mountain's utility billing and accounting practices after residents complained about high utility bills. ^[10] The State Auditor's press-highlights archive lists news coverage of the review dated Feb. 11, 2013 through March 7, 2013 and of its results on Feb. 24 and Feb. 25, 2014. ^[11]