The city of Santa Fe’s seemingly chronic financial management problems lingered into the 2019 fiscal year.

A newly released outside audit of the city’s finances for the fiscal year ending June 2019 uncovered “significant deficiencies” and “material weaknesses” in its internal controls, including failing to perform a year-end reconciliation that resulted in misstatements of about $1 million in the city’s utility receivable accounts.

Auditors also issued a “qualified” opinion on federal programs, meaning that in their evaluation, the city has not completely followed general accounting and reporting standards — potentially jeopardizing future federal funding.



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