What’s New at the Division of Finance

Cory Weeks: Accounting Operations Manager

Cory Weeks was selected as Accounting Operations Manager in place of Rick Beckstead, who retired in January 2018. He brings a wealth of experience to this new position.

Cory has worked for the Division of Finance since June 2014. In his previous position as the Payment Card Industry (PCI) Compliance Program Coordinator, he designed and organized structural models to help state agencies meet and maintain compliance with PCI regulations. He also participated in financial information systems security reviews, as well as assisted with financial reporting.

Prior to joining the Division of Finance, Cory worked for the Church of Jesus Christ of Latter-day Saints in business operations and for Qwest Communications in marketing and sales. He holds a B.A. in Business Management, a certificate in International Economics, and a Master of Accounting from Weber State University.

Evan Taylor: Operations Support Manager

Evan Taylor is an expert on FINET, the state’s centralized accounting system. For the past 20+ years, he worked as financial information systems Quality Assurance Supervisor, ensuring modifications to FINET and other systems worked properly before they were moved to production.

Evan joined Finance in 1992 after obtaining Bachelor’s and Master’s degrees in Accounting from BYU. He worked in the Loan Program, helped the division convert from the old accounting system to FINET, coordinated FINET Help Desk, and assisted with financial reporting before becoming Quality Assurance Supervisor.

When Marci Soper retired last November, Evan was chosen as Operations Support Manager. In this new role, he enjoys creating relationships with people from across state agencies and helping them meet business needs using FINET and other financial information systems.

2017 Comprehensive Annual Financial Report (CAFR)

The Division of Finance is pleased to present the 2017 Utah State Comprehensive Annual Financial Report (CAFR). We express deep appreciation to Assistant State Comptroller Marcie Handy and her team of dedicated accounting professionals who prepared this document.

We also express gratitude to the budget and accounting officers throughout state government and the Office of the State Auditor for their assistance. Without their efficient service the preparation of this report would not have been possible.

The Government Finance Officers Association has recognized the State of Utah with the Certificate of Achievement of Excellence in Financial Reporting for 32 consecutive years. We applaud the Financial Reporting team for its outstanding accomplishments.

Financial Highlights Fiscal Year Ended June 30, 2017

Summary financial information on budgeted reserves and surplus, appropriations, major state revenue sources and program expenditures, as well as on highway construction, general obligation bonds, and selected funds for fiscal year 2017 is provided in the State of Utah Financial Highlights.

The State of Utah continues to enjoy triple/triple bond ratings on its general obligation bonds, the best possible ratings:

Fitch Ratings -- AAA
Moody's Investors Service -- Aaa
S&P Global Ratings -- AAA

The Division of Finance thanks all state financial managers and accounting professionals for their diligence and effort during the FY 2017 budget closing process.

Division of Finance

The Division of Finance promotes a culture of customer service, efficiency, and effectiveness.

We also expect a high degree of fiscal accountability for the taxpayer resources entrusted to the State from the Utah Legislature and other stakeholders.