Commission accepts Taos County FY2025 audit; auditors issue clean opinions
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Summary
Taos County commissioners accepted the FY2025 financial audit after a presentation from Cordova CPAs. Auditors reported unmodified opinions on both financial statements and the single audit, highlighted revenue gains and recommended cybersecurity and capital-asset improvements.
Taos County commissioners voted April 7 to accept the county’s fiscal-year-2025 financial audit following a presentation by Bobby Cordova of Cordova CPAs. The audit, delivered on time for state and federal compliance, carried unmodified (clean) opinions on both the financial statements and the county’s single audit of federal awards.
Cordova told the commission that gross receipts tax revenue increased by about $3.8 million and property-tax revenue rose by roughly $800,000 on an accrual basis. The firm noted a significant bond issuance that left sizeable unspent debt proceeds in the county’s cash position and described the general fund balance as generally healthy.
The auditors reported four matters in their communications with governance, including one related to an IT cybersecurity incident, capital-assets reporting issues and items tied to financial close processes. Cordova emphasized that the single-audit compliance work — concentrated on coronavirus-relief funds representing roughly two‑thirds of federal awards expended — received a clean compliance opinion.
Cordova recommended continued investment in cybersecurity, strengthened internal controls for decentralized cash-collection points, succession planning for critical positions and attention to capital-asset systems and reconciliations. Commissioners thanked finance and treasurer staff for their work in producing timely filings despite unusual federal reporting delays that extended the audit timetable.
The commission formalized acceptance by passing Resolution 2026‑615. The motion carried by roll call vote.
