County Garners Unqualified ‘Clean’ Audit Opinion

Los Alamos County Deputy Chief Financial Officer Joe D’Anna briefs Council on the County’s Comprehensive Annual Financial Report for the fiscal year ended June 30, 2012. Council voted unanimously to accept the report. Photo by Carol A. Clark/ladailypost.com 

Staff Report

The Comprehensive Annual Financial Report (CAFR) documents the County’s financial position at the end of the fiscal year, and the results of its operations for that full 12-month period.

Throughout the fiscal year, many departments and employees help the County record the County’s financial activity through the decentralized financial system.

 Ultimately, the CAFR results from this County-wide team effort.  The CAFR document is produced by the Office of Management and Budget.  

The County’s CAFR for fiscal year 2012 was submitted to the Office of the State Auditor Nov. 30, 2012. The CAFR was then reviewed and approved by the Office of the State Auditor.  

The audit was performed by the independent accounting firm of CliftonLarsonAllen LLP.  The exit conference, with the Audit Committee was held Nov. 20, 2012.

The Auditor’s Opinion and the schedule of findings and questioned costs were discussed at that exit conference. The audit opinion is an unqualified “clean” opinion.

Cost of the audit work performed by CliftonLarsonAllen LLP, which included special procedures performed on the electric resource pool and cost allocation plan was $101,650. Staff time is budgeted annually to accomplish this task.  

Copies of the FY 2012 Comprehensive Annual Financial Report will be made available for public viewing on the County website, at the 311 Customer Care Center, Office of Management and Budget, and both the White Rock and Los Alamos branches of the Mesa Public Library.

 

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