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.