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FY2025 3rd Quarter Financial Report
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The financial report for the quarter ended March 31, 2025, has been submitted to the Board for review and informational purposes. This report offers a comprehensive year-to-date comparison, contrasting the approved FY25 budget with actual expenses incurred through March 31, 2025. Additionally, the report provides an overview of revenue and expenditure projections extending to June 30, 2025. These forecasts are informed by actual financial data, prevailing trends, and historical insights, ensuring a well-rounded perspective on expected financial performance. However, as with any projections, these estimates remain subject to change due to economic fluctuations or unforeseen circumstances.
Before submission, this report underwent a formal review and received approval from the NM State Department of Finance and Administration Local Government Division, ensuring accuracy, compliance, and alignment with financial regulations.
Furthermore, the report includes the latest analysis of Water Authority Investments, along with key highlights from the budget Performance Plan Scorecard. These sections outline critical goals and objectives as of March 31, 2025, offering insights into financial stewardship, resource allocation, and strategic priorities.
For a detailed breakdown of these findings, please refer to the attached report.