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Commission accepts FY2024 audit; auditors report four new findings
Summary
The City Commission accepted the City of Hobbs fiscal year 2024 audit and received a clean opinion on financial statements and federal awards, but auditors reported four new findings including accounts receivable tracking, federal filing delays, PERA withholding errors, and capital asset tracking discrepancies.
The Hobbs City Commission voted unanimously Tuesday to accept the fiscal year 2024 audit, which provided an unmodified opinion on the city’s financial statements and federal awards but identified four findings the auditors said should be addressed.
McClain Enriquez, senior audit manager in charge of the audit, told the commission the auditors issued a clean opinion on the financial statements and federal awards but found four issues they labeled as findings: accounts receivable reporting and tracking, missed federal filing deadlines, incorrect PERA withholdings for some employees, and capital asset tracking and…
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