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FOAC: City accepts fiscal 2025 audit, marking 10 years with no findings
Summary
The El Paso City Financial Oversight and Audit Committee accepted the external audit results for fiscal year 2025, receiving clean opinions and no proposed adjustments; auditors also reported the city remains a low-risk audit and passed single-audit testing for major federal and state programs.
The El Paso City Financial Oversight and Audit Committee on April 9 accepted the external audit findings for fiscal year 2025 after presentations from city finance staff and the external auditor.
Margarita Marin, deputy chief financial officer, told the committee the city’s accounting and control processes — monthly closings, automated bank reconciliations and segregation of duties — underpin a decade without external audit findings. “This is a testament of a strong financial governance,” Marin said, noting the city tracks about 180 funds and has reduced long-term debt levels in recent years.
Rachel Ormsby, the city’s external audit partner, said auditors issued clean, unmodified opinions on the city’s annual comprehensive financial report and on the single-audit compliance work. She said the audit team found no proposed audit adjustments and that the city retained its low-risk designation. “We did not identify any proposed audit adjustments,” Ormsby said.
Ormsby listed the major programs tested this year: the Community Development Block Grant (CDBG), the federal transit cluster (Sun Metro), the Airport Improvement Program, the Federal Highway Planning and Construction program, and two state programs including the West Texas anti-gang program and the Motor Vehicle Crime and Prevention Authority program. She said all compliance work was completed by applicable deadlines.
Committee members congratulated staff and the audit partner and asked staff to ensure public access to the reports. Marin said the annual comprehensive financial report and related audit documents are posted on the controller’s website and that a Spanish-language version of the popular annual financial report (PAFR) would be published soon.
A motion to accept the audit findings passed. The transcript does not specify the vote tally. The committee did not record any requests for further follow-up related to the fiscal 2025 audit during the meeting.
The committee will maintain oversight of financial reporting and auditors’ recommendations as part of its regular duties.
