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Board hears clean audit, extends contract with Beasley Mitchell and Company
Summary
Beasley Mitchell and Company presented an unmodified audit opinion for fiscal year 2024 and the board voted 5-0 to extend the district’s audit contract for another year after the audit manager reported no current-year findings and that prior findings had been cleared.
The Rio Rancho Public Schools Board of Education received its annual audit presentation and voted to extend the district’s auditor contract on Jan. 27 after auditors reported an unmodified financial statement opinion and no new single-audit findings for federal programs.
Juan Garcia, audit manager for Beasley Mitchell and Company, told the board the audit covered the year ending June 30, 2024, and that the firm issued a clean opinion on the financial statements and an unmodified opinion on the district’s single-audit testing of major federal programs. "We hold no reservations and we believe that the financial statements are presented fairly in all material respects," Garcia said.
Why it matters: A clean audit report supports the district’s financial transparency and allows administrators and the board to proceed with budgeting and operations. The audit also confirmed there were no current-year findings for federal programs and that prior-year findings — including internal-control items over disbursements, student activity funds, procurement and personnel files — had been corrected.
District finance staff and the auditors thanked one another for a cooperative engagement. David Vigil, executive director of finance, said the finance office worked closely with Beasley Mitchell during the engagement and that the report will be posted after review by the New Mexico State Auditor’s Office.
After the presentation, the board’s audit-committee recommendation to extend Beasley Mitchell’s contract was moved by Beth Miller and seconded by Gary Tripp. The board took a roll-call vote: Vice President Jeff Morgan, Secretary Jessica Tyler, Board Member Gary Tripp, Board Member Beth Miller and President Galbraith all voted yes. The motion carried 5-0.
Clarifying details from the audit presentation: the audit engagement covered July 1, 2023 through June 30, 2024; the auditors tested federal programs including Medicaid-related payments, Title I/education-civilization items, and child nutrition; no single-audit findings were reported for the year under audit.
Ending: Board members thanked the auditors and finance staff for resolving prior findings. The extended contract allows the firm to continue as the district’s external auditor for the next audit cycle.
