Accounting personnel do the accounting and financial reporting for the governmental, enterprise, and internal services funds of the City. This includes the recording and management of capital assets, debt service, and the billing and collection of grant revenue from the Federal or State agencies. The records are kept in compliance with General Accepted Accounting Principles (GAAP). At fiscal year end, supporting schedules and financial information is prepared for the annual audit, which is conducted by an independent CPA firm. The City continues to maintain an unqualified opinion on the annual audit.
In 2004 the City received the Certificate of Achievement for Excellence in Financial Reporting, awarded by Government Finance Officers Association (GFOA) for the Comprehensive Annual Financial Report (CAFR). Each year since 2004, the City has received the Certificate. The Certificate of Achievement for Excellence in Financial Reporting is presented to those government units whose annual financial reports are judged to adhere to program standards and represents the highest award in government financial reporting.
Accounting personnel also prepare accounting and financial reports for agencies and organizations for which the City of Las Cruces is the fiscal agent. These agencies include South Central Solid Waste Authority, Metro Narcotics, Animal Services Center of the Mesilla Valley, and Mesilla Valley Regional Dispatch Authority. Accounting also coordinates the annual audit for these agencies, ensuring that accounts and records are in compliance with GAAP and government regulations. Monthly financial statements are prepared and presented to the agency boards.