Audit finds likely theft, other problems at Northern New Mexico College

An audit released Monday revealed serious problems at Northern New Mexico College, including probable theft of $200,000. State Auditor Tim Keller said the likely theft by the college’s former director of financial services was among 37 findings in an independent audit of the Española college. Since the college didn’t have enough documentation for the audit to reliably score the school’s finances, the audit received a “disclaimer of opinion,” which is negative. In addition to theft, the audit found “excessive” honorariums paid to the former president, “a general lack of controls over accounting practices, cash handling and capital asset,” and a lack of required code of ethics and/or conduct that all employees would sign. The audit was for the fiscal year ending on June 30, 2016.