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Farmington Council adopts FY24 audit showing unmodified opinion; city praised for long run of awards
Summary
The Farmington City Council voted to adopt the fiscal year 2024 audit by Patillo, Brown & Hill LLP, which issued an unmodified opinion and found no reportable findings; councilors and staff highlighted strong internal controls and a multi-decade record of awards for the city's financial reporting.
The Farmington City Council on a unanimous vote adopted Resolution No. 2025-1976, accepting the city’s fiscal year 2024 financial statement audit performed by Patillo, Brown & Hill LLP.
The audit presentation said the auditors issued “an unmodified opinion, exactly the type of report that the city wants to receive,” and that the testing required under New Mexico’s Yellow Book standards produced no exceptions. Chris Garner, partner at Patillo, Brown & Hill LLP, told councilors the audit also included the single-audit report for federal grants and that both reports contained no findings.
The unmodified opinion means the auditor concluded the financial statements are presented fairly in all material respects. Garner explained to councilors that auditors provide reasonable assurance by sampling internal controls and transactions rather than reviewing every single item.
City staff and councilors thanked the finance team. Councilor Rogers said the audit gives the council confidence in financial decisions; Councilor Giacchino and others praised department heads and finance staff for maintaining records and internal controls. Council comments noted the city has received the Government Finance Officers Association (GFOA) award for its comprehensive annual financial report for about 30 years.
The resolution adopting the audit was moved and seconded during the meeting; councilors voted in favor and the motion passed. Council statements at the meeting emphasized that the audit process found no adjustments to the city’s reported numbers and no disagreements with management.
The city manager and finance staff will continue to provide the council with periodic financial reports; the audit record will be filed with the New Mexico Department of Finance and Administration as required.
Ending: The adoption closes the FY24 audit item; staff will maintain records and follow-up as required by state reporting rules and the auditor’s recommendations, and the city will retain its GFOA submission status for the year.
