INTER-OFFICE MEMORANDUM March 26, 2021
TO: Cynthia Borrego, President, City Council
FROM: Timothy M. Keller, Mayor
SUBJECT: title
Approval of FY20 Audit
body
Audit Presentation to Governing Body Section 2.2.2.10M.(4) NMAC of the Audit Rule states in part “Once the audit report is officially released to the agency by the state auditor (by a release letter) and the required waiting period of five calendar days has passed, unless waived by the agency in writing, the audit report shall be presented by the IPA, to a quorum of the governing authority of the agency at a meeting held in accordance with the Open Meetings Act, if applicable. This requirement only applies to agencies with a governing authority, such as a board of directors, board of county commissioners, or city council, which is subject to the Open Meetings Act…”
Furthermore, Section 2.2.2.10M.(1) NMAC states in part “The IPA shall hold an exit conference with representatives of the agency’s governing authority and top management…” Audit Resolution Requirement: Pursuant to the Office of the State Auditor requirements noted above, the LGD requires a copy of the governing body’s resolution acknowledging and accepting the Fiscal Year 2020 audit findings and management’s responses for correcting the findings.
TITLE/SUBJECT OF LITIGATION*** Same as subject line on last page)
Approved: Approved as to Legal Form:
_______________________ ____________________________
Sarita Nair Date Esteban A. Aguilar, Jr. Date
Chief Administrative Officer City Attorney
Recommended:
__________________________________________
Renee Martinez Date
Director