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Socorro approves FY2024 financial audit after CPAs report clean opinion
Summary
SB&G certified public accountants presented the city's FY2024 financial statements and said auditors issued an unmodified opinion with no findings on ARPA compliance. Council approved issuance of the annual financial report.
SB&G certified public accountants presented Socorro's fiscal year 2024 annual financial report July 3 and reported an unmodified (clean) audit opinion and no findings on federal award compliance, including ARPA, the auditor told council.
The auditor, Theo Cabrera, summarized highlights for the general fund and capital improvement funds: general fund revenues exceeded budgeted estimates and the city closed the year with a positive general fund balance and…
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