ELDORADO AREA WATER & SANITATION DISTRICT
2 North Chamisa Drive, Santa Fe, New Mexico 87508-9483
DISTRICT FINANCES
As a governmental entity, EAWSD follows financial procedures established by the New Mexico Department of Finance & Administration, Local Government Division (DFA-LGD).
The District is required to prepare a balanced budget for DFA approval prior to the beginning of each fiscal year, and it may not exceed that budget during the fiscal year without prior DFA approval. A budget that proposes deficit spending is a violation of NM statute and will not be approved by DFA.
As the District is a governmental unit, it does not operate for profit. Any revenue unexpended at the end of each fiscal year is retained for the benefit of the District and used to improve its delivery infrastructure and assure water quality.
Oversight and compliance
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EAWSD complies with financial controls established in the New Mexico Water & Sanitation District Act
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Oversight of the District's budget is provided by the New Mexico Department of Finance and Administration
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District audits are governed by the rules and regulations of the New Mexico Office of the State Auditor
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Procurement procedures comply with the group of NM Statutes under Chapter 13, Public Purchases and Property;
known generally as the “State Procurement Code” and with additional regulations as published by the New Mexico State Purchasing Division -
Vote of qualified electors is required for significant actions (e.g., incurring additional indebtedness as defined by the New Mexico State Constitution)
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CliftonLarsonAllen (CLA) currently serves as the District's outsourced controller and accountant