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Farmington receives clean FY2025 audit; council adopts acceptance resolution
Summary
City auditors presented an unmodified (clean) opinion on the City of Farmington’s FY2025 financial statements with no findings; the council adopted a resolution accepting the audit.
Patio Brown and Hill auditors presented the City of Farmington’s fiscal year 2025 audit to the council and reported an unmodified—commonly called a clean—opinion on the financial statements.
Jim Cox introduced the report and auditor Fernando Medina summarized the results, telling the council the audit found the financial statements were presented fairly in accordance with U.S. generally accepted accounting principles and that auditors encountered no difficulties or disagreements with management. Medina said there were no reportable findings on internal control and no significant audit adjustments.
Medina also noted the federal single-audit report was not finalized because of delays in the 2025 Office of Management and Budget compliance supplement and the prior government shutdown; that federal single-audit step remains pending. The presentation noted Farmington continues to pursue the Government Finance Officers Association (GFOA) award for its annual comprehensive financial report; auditors said the city is one of the relatively few entities in New Mexico that submits for the GFOA award.
Councilors congratulated staff on the clean report. Councilor Rogers moved to adopt the resolution accepting the fiscal year 2025 audit results; the motion passed by voice vote.
The council adopted the resolution accepting the audit. The meeting record does not indicate additional action requests for audit follow-up.
