ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 22.
Regular City Council Meeting
- Meeting Date:
- 03/13/2025
COMMITTEE:
Finance
CONTACT:
Elizabeth Nulf
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 25-14 adoption of Resolution 25-14: A resolution of the city of Roswell, New Mexico accepting the results of the special audit for the City of Roswell and presenting the findings to the public. (Corn/Gomez)
BACKGROUND:
Initiated by: Toni Gomez
The City of Roswell received authorization to release the Special Audit Report. The State of New Mexico Audit Rule (NMAC 2.2.2.10(M)(4), requires the audit report to be presented to the governing authority of an agency at a meeting held in accordance with the Open Meeting Act. The New Mexico Department of Finance and Administration (DFA) requires the Governing Body to approve a resolution showing acceptance and approval of the fiscal periods July 1, 2018 through June 30, 2022. In addition, DFA requires a corrective action plan on the findings presented in the audit report.
The City of Roswell received authorization to release the Special Audit Report. The State of New Mexico Audit Rule (NMAC 2.2.2.10(M)(4), requires the audit report to be presented to the governing authority of an agency at a meeting held in accordance with the Open Meeting Act. The New Mexico Department of Finance and Administration (DFA) requires the Governing Body to approve a resolution showing acceptance and approval of the fiscal periods July 1, 2018 through June 30, 2022. In addition, DFA requires a corrective action plan on the findings presented in the audit report.
FINANCIAL CONSIDERATION
No financial consideration is required at this time.
LEGAL REVIEW:
No legal review is required at this time.
BOARD AND COMMITTEE ACTION:
Item was placed on the agenda by City Manager.
STAFF RECOMMENDATION:
Proceed as presented.