ROSWELL NEW MEXICO
COMMITTEE AGENDA ITEM ABSTRACT
COMMITTEE AGENDA ITEM ABSTRACT
33.
Finance Committee
- Meeting Date:
- 08/07/2025
COMMITTEE:
Finance
CONTACT:
Toni Gomez
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 25-XX - Consider approval of Resolution 25-XX certification of correctness of the physical inventory of assets for FY2025. (Garcia)
BACKGROUND:
Initiated by Deanna Garcia
Pursuant to Subsection A of Section 12-6-10 NMSA, it is required that, at the conclusion of each fiscal year, local government entities conduct a physical inventory of their assets. The physical inventory of assets, listed as Exhibit A, must be reviewed and formally approved for accuracy by the City Council.
Pursuant to Subsection A of Section 12-6-10 NMSA, it is required that, at the conclusion of each fiscal year, local government entities conduct a physical inventory of their assets. The physical inventory of assets, listed as Exhibit A, must be reviewed and formally approved for accuracy by the City Council.
FINANCIAL CONSIDERATION:
No financial consideration for this item.
LEGAL REVIEW:
The resolution was submitted to Legal for review. Resolutions must be adopted by a majority vote of the entire City Council.
BOARD AND COMMITTEE ACTION:
The Finance Committee is scheduled to meet on Thursday, August 7, 2025.
STAFF RECOMMENDATION:
Proceed as presented.