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Council approves 2024 annual comprehensive financial report after auditor flags timing issue
Summary
Council accepted the Annual Comprehensive Financial Report for fiscal year ending Sept. 30, 2024; auditors issued a modified opinion on compliance timing and recommended a corrective action plan related to accruals for ARPA-funded Avenue P work.
The Santa Fe City Council voted April 10 to approve the city's Annual Comprehensive Financial Report for the fiscal year that ended Sept. 30, 2024.
Anna Gallardo, partner with auditing firm Carr, Riggs & Ingram, summarized the firm's work and told the council the auditors issued a modified opinion on the financial statements and a separate modified opinion on compliance for one federal…
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