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APS audit committee reviews district—s FY2024 audited financial statements
Summary
Charter and district component units are included in the FY2024 financial statements issued by the state auditor; committee was told the package includes independent auditor, internal-control (Yellow Book), and single-audit reports and will be linked from APS— website.
Courtney Jackson, chair of the Albuquerque Public Schools (APS) Board of Education Audit Committee, heard a presentation on the district—s fiscal year 2024 audited financial statements during the committee—s Jan. 21 meeting.
The committee was told the state auditor—s office issued the district financial statements Dec. 17, and the packet before the committee includes three reports that accompany the statements: the independent auditor—s report, the Government Auditing Standards (Yellow Book) report on internal control, and the single-audit compliance report for federal funds. Sheila Herrera, CPA partner at Moss Adams, told the committee the district—s financial statements and component-unit reports were included.
The presentation summarized the documentation provided to the board and confirmed the district will post a direct link to the state auditor—s website so the complete report can be downloaded. Courtney Jackson noted the packet—s length; a committee member described the document as roughly "1,200 pages of reading." The presenters said the full report is available from the state auditor—s site and that APS staff would add a direct link on the district website.
Sheila Herrera said the reports include any findings the state auditor identified, including those tied to component units. Mark Turnbull, executive director of accounting, and the district—s chief financial officer, Renette Abadaca, joined Herrera in presenting and stood for committee questions.
No committee member asked for additional detail during the presentation; the committee moved on to other agenda items after the presenters said they were available for questions.
The committee record shows no formal action was taken on the statements during the meeting; the item was presented for information and will remain downloadable from the state auditor—s website.
