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An audit conducted by an Albuquerque accounting firm found no money problems in The City of Carlsbad, according city officials.
In a news release, The City received an unmodified opinion from Hinkle and Landers on its annual audit.
In a memo to Carlsbad City Councilors, City of Carlsbad Finance Director Melissa Salcido said the audit was conducted for the fiscal year ending June 30, 2020.
The City of Carlsbad submitted the audit on Dec. 15. The City received notice the audit was approved by the Office of the State Auditor (OSA) on March 30.
The Carlsbad City Council approved the audit April 13.
“The issuance of an unmodified opinion suggests the financial statements materially represent the financial condition of the agency in accordance with applicable financial reporting framework. In lay terms, an unmodified opinion means the reader of the report can rely on the financial data presented,” said Stefanie Telles, OSA spokesperson.