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FOAC accepts El Paso Zoo finance audit; auditors cite sponsorship, invoice collection and accounts‑payable issues
Summary
FOAC accepted an audit of the El Paso Zoo’s fiscal 2024–2025 activity that found proper revenue recording but three findings: unclear/unsigned sponsorship agreements for some events, invoices paid late, and unpaid school field‑trip invoices. Management described steps taken, and the committee sought additional detail on controls and fundraising.
Miguel Ortega of the Internal Audit Department presented the Financial Oversight and Audit Committee with the El Paso Zoo financial activity audit covering fiscal years 2024 and 2025. "The audit identified 3 findings," Ortega said, describing reviews of ticket sales, memberships, sponsorships and event accounting.
Finding 1 addressed events and sponsorships: auditors reviewed four events and reported three produced net profit while one showed a loss; two events received sponsorships totaling $8,500 that were handled by the zoo without formal sponsorship agreements. Ortega said the city attorney’s office advised sponsorships should be formalized either through a sponsorship agreement prepared with the city attorney or managed by the Paso del Norte Community Foundation.
Finding 2 concerned payment timeliness: of 71…
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