Auditing Eagle Mountain: a facts-only look at the city's public finance records

The Utah Ledger is reviewing the public financial records of Eagle Mountain City, Utah, as it did for American Fork. Each story states facts found in a linked city, county, state or news record. Older findings carry their years in the headline.

For the fiscal year that ended June 30, 2025, the city's annual report shows a general fund with $36,963,748 in revenues, $30,986,393 in expenditures and a total fund balance of $18,117,371. ^[1] The council's adopted budget for fiscal 2026-27 totals $363,992,973. ^[2]

What the series covers

The stories cover the city's audits and state compliance findings for fiscal 2019 through 2023; the 2026 property tax rate decision; tax increment areas tied to data centers; the city's bonds and fund balance; a payment-fraud loss reported for 2022; and a 2026 lawsuit over the rodeo grounds.

Limits of the review

The city's annual reports are long PDFs, and the debt, legal debt margin and Utah compliance sections of the 2024 and 2025 reports could not be retrieved for this review. Those items are not reported. The State Auditor's financial-report database was also not retrieved. The county's year-end 2024 and 2025 redevelopment agency reports were later retrieved and are covered in a follow-up story.