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Santa Fe County receives clean FY2025 audit; auditors note three minor, nonmaterial findings
Summary
Baker Tilly reported an unmodified (clean) opinion on Santa Fe County's FY2025 financial statements and identified three repeat, nonmaterial findings (a small late cash deposit, IT user‑access documentation, and a minor bank collateral shortfall); commissioners voted to acknowledge and approve the audit unanimously.
Santa Fe County commissioners on Jan. 27 acknowledged and approved the county's fiscal year 2025 audit after a presentation by accounting staff and auditors from Baker Tilly.
Corey Hogan, a principal at Baker Tilly in Albuquerque, told the commission the auditors issued an unmodified opinion — commonly described as a “clean” report — for the financial statements for the year ended June 30, 2025. Hogan said the firm tested internal controls, revenue recognition, management estimates and IT systems, and performed the single‑audit review of federal program compliance.
Hogan said the audit team identified three repeated, minor findings that do not rise to the level of material weaknesses or significant deficiencies. The issues were: a single cash receipt that was deposited later than the 24‑hour requirement under the New Mexico Public Money Act (a $7.99 item deposited after a holiday), incomplete documentation of one IT user‑access review process, and a very small shortfall in bank collateral at a tested bank. He said staff and the banks have taken steps to address those points and that two follow‑up reports required by HUD and a lodging‑tax compliance review would be issued in February.
Finance staff — including Accounting & Financial Reporting Manager Jessica Lu Saro Moniz and Finance Director Yvonne Herrera — thanked county departments for cooperation with the audit and emphasized that audited financials reconcile to the budgetary schedules included in the annual comprehensive financial report.
During public comment, resident Chris Michels said he found discrepancies for Fund 218 in the audit packet and complained that the interim and final budgets had not been posted to the county website as previous resolutions required. Director Herrera responded the numbers are reported on a budgetary basis and reconciled to the audited financial statements; she invited Michels to provide specific examples for staff review.
Commissioner Hughes moved to acknowledge and approve the FY2025 audit; the motion passed unanimously.
What's next: Baker Tilly will issue the HUD electronic‑reporting follow‑up and the lodging‑tax related report in February, and county staff said they will follow up on any concerns raised by the public and the commission.
