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Fiscal Year 2024 Annual Inventory Certification
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In accordance with 2.2.2.10(W)(2) New Mexico Administrative Code (NMAC), the
Albuquerque Bernalillo County Water Utility Authority (Water Authority) shall conduct an
annual physical inventory of movable equipment on the inventory list at the end of each
fiscal year pursuant to the requirements Section 12-6-10 of The Audit Act (12-6-10 NMSA 1978) NMSA 1978. Upon completion of the physical inventory count, the inventory shall be certified by the governing authority to verify correctness of the results.
FISCAL IMPACT:
None.
RECOMMENDATION:
Staff recommends the Water Authority Board certify for verification purposes the Fiscal Year 2024 physical inventory counts.