Southwest New Mexico Council of Governments

“A copy of the Form 990 was presented to the Board of Directors for their review. This will be done upon the first board meeting the agency calls. The Executive Director has reviewed in detail before signing.”

“The Organization requests disclosure of conflict of interest issues on a case by case basis. The conflict of interest policy is reviewed annually with all board members.”

“The Board of Directors determines the compensation for the Executive Director per the Organizations Personnel Policy.”

“The Executive Director approves compensation for other employees in conjunction with the Board of Directors. All paid officers report directly to the Executive Director. Salary surveys are conducted periodically to determine appropriate salary ranges.”

“The Organization makes its governing documents including conflict of interest policy and financial statements available on the Organization website and upon written request.”

“Program Service Expenses 103,329, Grants and allocations 59,781, Revenue 0 New Mexico Department of Transportation Fund- This grant is used to funud the preparation of an annual transporation plan. Committees prioritize specific projects and formulate recommendations to the New Mexico Department of Transporation where the final decision is made. This fund was required by the grant contract and authorized by the Board of Directors of Southwest New Mexico Council of Governments Council.”

“Program Service Expenses 29,123, Grants and allocations 59,781, Revenue 0 Economic Development Administration Fund - This Federal grant is used to develop a comprehensive economic development strategy for the purposes of job creation, retention and expansion for the member regions. This fund was required by the Federal grant contract and authorized by the Board of Directors of Southwest New Mexico Council of Governments.”

“Program Service Expenses 22,991, Grants and allocations 0, Revenue 81,294 Council of Governments General Fund- This is a the primary operating fund of the Council of Governments and always classified as a major fund. It is used to account for all activities except those legally or administratively required to be accounted for in other funds”

“Program Service Expenses 242,007, Grants and allocations 380,191, Revenue 0 Remaining Program Expense and Grants represent Youth Activities, Mortgage Finance Authority, and various smaller grants. All are authorized by the Board of Directors of Southwest New Mexico Council of Governments.”

“Program Service 2,188,098. Fees directly related to Grants, with the biggest amount associated with1 Imagination Library program, which are New Mexico State funds used to financially support Dolly Partons Imagination Library program. 594,000. 2Tyrone Water and Wastewater a program where the agency is acting as a fiscal agent to construction of a wastewater system. 1,429,611. 3 Other various grants for direct payments. 164,487.”

“Description of each fund can be found beginning on, Part III Line 4. Total Program Service expenses are 2,609,911.”

“The agency is in the process of undergoing an audit for the year ended June 30, 2024. The previous year audit report 6-30-23, was not completed until April 2025. This has caused the June 30 2024 audit report to be delayed and not completed as of this due date of May 15, 2025. This is not the fault of the agency, but rather the previous years auditor for 06-30-23. The delay of FY23 has caused the FY24 audit report to be delayed. The expected date for the delivery of the June 30, 2024 audit is August 15, 2025.”

“The audit for the period June 30, 2023 was completed after the filing of the 990 on May 15, 2024. Audit adjustments were recorded which resulted in a prior period adjustment of 30,337. Depreciation expense was increased by 11,656 and Pension Expense was increase by 18,681.”