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.

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, 2023 Financial Highlights

  • The assets and deferred outflows of resources of the City of Las Cruces exceeded its liabilities and deferred inflows of resources at the close of the most recent fiscal year by $662.8 million (net position). The unrestricted net position, which represents the amounts available to meet the City’s ongoing obligations to citizens and creditors, was $(117.0) million. Unrestricted net position was affected by the implementation of GASB 68, GASB 75, GASB 87, and GASB 96 – Subscription-Based Information Technology Arrangements - which was implemented this fiscal year.

  • As of June 30, 2023, the total governmental funds balance was $239.7 million. This is an increase of $24.1 million in comparison with the prior year of $215.6 million. Of this amount, $46.3 million is available for spending at the City's discretion (sum of unassigned and assigned fund balance).
  • As of June 30, 2023, fund balance of the General Fund was $79.8 million. At the close of the current fiscal year, unassigned fund balance of the General Fund was $44.0 million or 32.8% of the total General Fund expenditures of $134.3 million.
  • Net position of the City's enterprise funds decreased by $3.1 million yielding a net position of $246.8 million as of June 30, 2023. 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 $17.8 million to a total of $290.8 million. Of this amount, $251.4 million represented total bonds and notes payable. More detailed information about the City’s long-term liabilities is presented in Note 7 to the financial statements.

 View the full ACFR Reports.

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.

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.

Mesilla Valley Regional Dispatch Authority (MVRDA)

View MVRDA Financial Statements and Independent Auditors’ Reports.

Metro Narcotics

View Metro Narcotics Financial Statements and Independent Auditors’ Reports.

South Central Solid Waste Authority (SCSWA)

View SCSWA Financial Statements and Independent Auditors’ Reports.