External Audit Reports

Government financial statements are annual financial reports that present revenues collected and amounts spent. Financial statements usually include a statement of activities, and often some type of reconciliation. Cash flow statements are often included to provide relevant information about the cash receipts and cash payments of the City during the fiscal year.

Current Year Unaudited Financial Reports

An unaudited financial report is a financial statement that has not been subjected to an independent verification and review process by a certified external auditor. Unaudited reports are prepared monthly to provide relevant financial information throughout the fiscal year, until the Annual Comprehensive Financial Report is prepared at the end of each accounting period. 

View Current Year Unaudited Financial Reports in Our Archive Center.

Annual Comprehensive Financial Reports (ACFR)

An  Annual Comprehensive Financial Report is a set of U.S. government financial statements comprising the financial report of a state, municipal, or other governmental entity that complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB). These reports are audited by an independent auditor using generally accepted government auditing standards. The ACFR will contain the actual results of the prior year’s financial activities. The ACFR will be comprised of three sections.

  • Introductory - Guides reader through report.
  • Financial - Presents the basic financial statements with notes, and the independent auditor’s report.
  • Statistical - Provides additional financial and statistical data, including data about financial trends that may better inform the reader about the government’s activities.

The Management Discussion and Analysis (MD&A), located in the Financial section of the ACFR, will provide the "high points" that may be of most interest to our citizens. The MD&A will describe the previous year’s results and key factors influencing them; shows the current financial condition; and provides an overview of likely future prospects. 

Management’s Discussion & Analysis - June 30, 2020 Financial Highlights

  • The City's total net position increased by $13.8 million during the year. The assets and deferred outflows of resources of the City of Las Cruces exceeded its liabilities at the close of the most recent fiscal year by $556,734,240 (net position). Of this amount, ($99,161,086) represents unrestricted net position, which may be used to meet the government's ongoing obligations to citizens and creditors. Unrestricted net position was affected by the implementation of GASB 68 and GASB 75.
  • As of June 30, 2020, the City's governmental funds reported combined fund balances of $226,791,889. This is an increase of $18,712,367 in comparison with the prior year combined fund balance amount of $208,079,522. Of the total fund balance, $20.6 million is fund balance available for spending at the City's discretion (sum of unassigned and assigned fund balance).
  • As if June 30, 2020, fund balance of the General Fund was $43.9 million. At the close of the current fiscal year, unassigned fund balance of the General Fund was $17.9 million or $18.0% of the total General Fund expenditures of $99.3 million.
  • Net position of the City's enterprise funds increased by $3.0 million yielding a net position of $220,487,857 as of June 30, 2020. Additional information can be found in the business-type activities section of the management discussion and analysis. 
  • The total long-term liabilities for the governmental and business-type activities increased by $24,698,063 due to the issuance of new debt exceeding the payments on existing debt. During the fiscal year, total long-term liabilities  outstanding increased to $283,940,730 primarily due to the City issuing nine additional debt instruments. Two refunding bonds were issued to take advantage of the historically low interest rates, two bonds were issued to finance the City's energy savings plans, and three bonds and one loan were issued as part of the City's normal debt management process.

 View the full ACFR Reports (PDFs) in our Archive Center.

Popular Annual Financial Reports (PAFR)

The Popular Annual Financial Report (PAFR), is an easy-to-read publication that provides citizens with an overview of how their tax dollars are managed and spent. The report includes highlights and simplified information from the ACFR. The PAFR will highlight our city’s progress, finances, achievements, and our future key initiatives. 

View the PAFR Reports in our Archive Center.

Partner Agency Financial Statements and Independent Auditor’s Reports

Animal Service Center of the Mesilla Valley (ASCMV)

View Animal Service Center of the Mesilla Valley Financial Statements and Independent Auditors’ Reports in our Archive Center.

Mesilla Valley Regional Dispatch Authority (MVRDA)

View MVRDA Financial Statements and Independent Auditors’ Reports in our Archive Center.

Metro Narcotics

View Metro Narcotics Financial Statements and Independent Auditors’ Reports in our Archive Center.

South Central Solid Waste Authority (SCSWA)

View SCSWA Financial Statements and Independent Auditors’ Reports in our Archive Center.