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Corrales council accepts FY2025 audit but auditor cites repeated weakness in year-end reporting
Summary
The council voted to accept the FY2025 audit presented by SJT Group. The auditor issued an unmodified opinion on the financial statements but reported a material weakness in financial close and reporting (repeated since 2021) and a compliance finding that only ~31% of capital assets were physically observed in FY2025.
The Corrales Village Council voted to accept the village’s FY2025 audit after auditor Josh Trujillo of SJT Group presented the report and answered council questions about repeated findings.
"We did issue an unmodified or a clean opinion on the financial statements," Trujillo told the council, while also noting a material weakness related to the village’s financial close and reporting process that has recurred since 2021. He explained the…
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