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Los Ranchos accepts clean FY2025 audit, auditor flags strong cash position
Summary
Trustees unanimously accepted an unmodified FY2025 audit that found the village in a strong cash position; auditor and trustees discussed how reliance on gross receipts tax and lack of utilities could affect future capital choices.
The Village of Los Ranchos de Albuquerque trustees voted April 21 to accept an unmodified audit for the fiscal year ended June 30, 2025, after a presentation by Southwest Accounting Solutions. Auditor Jeff Mamrow told trustees the village received the “unmodified” opinion auditors want and that the general fund showed roughly $6.05 million in revenue against $3.7 million in expenses for the year, producing an approximate $2.5 million excess of revenue over expenditures.
During the presentation Mamrow said the village’s cash balance exceeds its liabilities and noted that the…
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