New Mexico cleans up its unbalanced checkbook

State Auditor Tim Keller
State Auditor Tim Keller

SANTA FE (AP) – State Auditor Tim Keller says New Mexico is making progress toward balancing its government checkbook after an estimated $100 million discrepancy was reported last year.

The Office of the State Auditor announced Monday that the discrepancy is now about $4.1 million between the state’s general ledger and actual balances in bank accounts.

The accounting problems have been traced to software adopted by the state in 2007.

The assessment of the state’s 2015 general ledger was completed by an Albuquerque-based consultant.

The report finds that it may not be possible to reconcile some account activity between July 2003 and January 2013 because of incomplete data. The report found that state financial statements are now presented fairly.

KRQE.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s