Los Alamos Governmental Entities Receive Favorable Audit Results Overall

State Auditor Tim Keller

NM STATE AUDITOR News:

SANTA FE – A report released by the New Mexico Office of the State Auditor found positive results overall in the most recent audits of Los Alamos County’s governmental entities.

The Findings Report: A Summary of New Mexico’s Governmental Financial Audits compiles financial information from across the state and can be used to shine a light on how public dollars in regional governments are protected and managed.

“New Mexico can be proud that the vast majority of our state and local govrnments are accounting for public dollars in a transparent and reliable manner. However, there are a few that are not up to par and need to address weaknesses in their financial controls immediately,” State Auditor Tim Keller said.

The report provides a snapshot of public funds using three audit measures: audit opinions, types of audit findings, and repeated audit findings. The number of audit findings speaks to accounting practices and compliance with federal and state laws, and fewer are better.*

Below are highlights related to the findings for some of Los Alamos County’s regional entities:

  • Los Alamos County was one of four counties statewide to receive a clean bill of health.
  • Los Alamos Public Schools had 10 total findings.

 Read full report here: http://osanm.org/government_accountability_office

*Under applicable government accounting and auditing standards, the audit of an entity includes the audit of any “component units.” A component unit is a separate legal entity from the primary government, but is included in the primary government’s audit because the primary government is financially accountable for the entity.

CSTsiteisloaded