Its annual audit, filed with the federal Office of Management and Budget on Aug. 27, contains no “material weakness” or failures of compliance.
The sparse, almost pro-forma audit gives no clue as to the City Council's recent ethical dilemmas.
Like any organization that receives a significant amount of federal funding, the city is required to report how that money gets spent and accounted for.
In 2009, the city tracked $7.9 million in federal awards, for everything from a $1.2 million grant for “airport improvement” to a $13,000 award for “historic preservation.”
Atkinson & Co. of Albuquerque was the city’s auditor. Last year, the city paid the company $133,000 for similar work.
View the audit by clicking here, or download the PDF by clicking here.