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Acequia Pathways to Funding – Financial Compliance Workshop


Friday, December 4, 2015

9:00am – 3:30pm 

Lunch will be Served!!

Nambe Community Center – State Road 503, 180A, Nambe, NM (By the Church)


NMAA will be hosting a series of workshops addressing Acequia Pathways to Funding, which will include topics such as funding options for acequia infrastructure projects, audit compliance, and budget reporting requirements.  The workshops topics are presented in collaboration with the Office of the State Auditor and the Department of Finance and Administration, the two agencies involved with acequia audit and budget requirements.   Workshop topics will include an overview of funding options for acequias, including state Capital Outlay, ISC 90-10 Program, and the NRCS RCPP Program, an overview of budget reporting requirements for acequias with over $10,000 in income in the past fiscal year, and an overview of acequia compliance with the State Auditor's Tiered Reporting System. For acequias with either $10,000 in revenue per year or who have expended Capital Outlay funds, the Tiered Reporting System involves hiring an Independent Public Accountant (IPA).  The Office of the State Auditor has funding for small political subdivisions, including acequias, to use in hiring an IPA for complying with reporting requirements. 

The workshops will also include an input session with the Interstate Stream Commission on Regional Water Planning.  The State of New Mexico, through the Interstate Stream Commission, is updating 16 regional water plans throughout the state.  The goal of the ISC is to complete all the regional water plans by June 30, 2016 and there are various meetings taking place throughout the state to give input.  NMAA is partnering with the ISC and the New Mexico Acequia Commission to provide an opportunity for acequias to have input into the planning process.  Please see the attached flyer for details. 

Nambe Financial and Reg Water Planning Workshop 4.21.15 (2)