City of Santa Fe Finance Committee FY 26-27 Internal Audit Program

Extracted text

8/19/2026
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City of Santa Fe
FY 26-27 Internal Audit
Program
Finance Committee Meeting / 08.24.26
Finance Committee Meeting / 08.24.262
• The City retained Baker Tilly to serve as the designated Internal Auditor and conduct projects focusing on:
• Risks
• Internal controls
• Efficiency and effectiveness
• Best practices
• Compliance
• Work is being completed under appropriate industry standards (IIA, GAGAS, AICPA)
Internal Audit Overview
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Finance Committee Meeting / 08.24.263
Internal Audit Program Components
Internal Audit Plan
Risks Internal
Controls Compliance Performance
Accounting and financial reporting, asset management, capital programs,
compliance, economics and funding, fraud, governance, human resources, internal
controls, maintenance and operations, management, operations and service
delivery, organization and staffing, processes and procedures, procurement, public
safety, risk management, and technology
Functions Components Plan
City Internal Audit Annual
Finance Committee Meeting / 08.24.264
1. Grants Management Operational Review: Assess the City’s grant management function to identify opportunities
for improvement (16 weeks, $40,000)
2. Cash Management Internal Audit: Assess the City’s internal controls over cash handling, management and
reporting. Specific focus will be placed on the varying POS systems used and the related manual integrations
required to Tyler MUNIS. (12-16 weeks, $35,000)
3. Capital Improvement Program (CIP) Assessment: Evaluate current informal processes, project request lists,
funding gaps, and department-level planning. Develop a scalable framework to support city-wide CIP planning,
preventive maintenance analysis, bonding decisions, thresholds, and consistent decision-making (12-16
weeks, $38,000)
4. Follow-up on Open Internal Audit Findings and Recommendations: Follow up on previous findings from past
internal audits (Ongoing – appr. 2 times in FY, $25,000)
Recommended Internal Audit Projects
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Finance Committee Meeting / 08.24.265
5. Policy and Procedure Support (as needed, $15,000)
6. Ongoing Internal Audit Services: Attend Audit Committee and Council meetings, prepare status reports, and
manage internal audit program. (Ongoing, $22,000)
Recommended Internal Audit Projects
(cont.)
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the
services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the
purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication
and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this
communication and any attachments. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, operate under an alternative practice structure and
are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed
CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and
are not licensed CPA firms. The name Baker Tilly and its associated logo is used under license from Baker Tilly International limited. ©2026 Baker Tilly Advisory Group, LP
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the
services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the
purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication
and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this
communication and any attachments. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, operate under an alternative practice structure and
are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed
CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and
are not licensed CPA firms. The name Baker Tilly and its associated logo is used under license from Baker Tilly International limited. ©2026 Baker Tilly Advisory Group, LP
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the
services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the
purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication
and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this
communication and any attachments. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, operate under an alternative practice structure and
are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed
CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and
are not licensed CPA firms. The name Baker Tilly and its associated logo is used under license from Baker Tilly International limited. ©2026 Baker Tilly Advisory Group, LP
Thank you.
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