State of New Mexico
Component Appropriation Funds
Annual Financial Report
June 30, 2023
State of New Mexico
Component Appropriation Funds
Table of Contents
Page
Official Roster 1
Independent Auditor’s Report 2-4
Management’s Discussion and Analysis (Unaudited) 5-12
Financial Statements
Balance Sheets 14-15
Statutorily Created Funds
Common School Current Fund
Current School Fund
State Support Reserve Fund
Excess Extraction Tax Fund
Administratively Created Funds
Appropriation Account Fund
Federal Mineral Leasing Fund
Appropriation Contingency
Reserve Fund
General Operating Reserve Fun
d
Statements of Revenues, Expenditures and Changes in Fund Balances 16-17
Statutorily Created Funds
Common School Current Fund
Current School Fund
State Support Reserve Fund
Excess Extraction Tax Fund
Administratively Created Funds
Appropriation Account Fund
Federal Mineral Leasing Fund
Appropriation Contingency
Reserve Fund
General Operating Reserve Fun
d
Notes to the Financial Statements 19-29
Other Information (Unaudited)
Schedule of Statutorily and Administratively Created Funds (including
the Unaudited Tobacco Settlement Permanent Fund & Tax
Stabilization Fund) Balance Sheets 31-32
Schedule of Statutorily and Administratively Created Funds (including
the Unaudited Tobacco Settlement Permanent Fund & Tax Stabilization
Fund) Revenues, Expenditures and Changes in Fund Balances 33-34
Schedule of Revenues by Source 35-36
State of New Mexico
Component Appropriation Funds
Table of Contents — continued
Page
Other Information (Unaudited) — continued
Schedule of Appropriations 37-44
Schedule of Amounts from Other State Entities 45
Schedule of Amounts Due from Taxpayers 46
Schedule of Amounts Due to Local Governments 47
Schedule of Amounts Due to Taxpayers 48
Schedule of Transfers In/(Out) 49-54
Schedule of Appropriations by Function of Government 55
Schedule of Due from Beneficiaries 56
Schedule of Amounts Due to Other State Entities 57
Compliance
Independent Auditor’s Report on Internal Control Over Financial
Reporting and on Compliance and Other Matters Based on an
Audit of Financial Statements Performed in Accordance
With Government Auditing Standards 58-59
Schedule of Findings and Responses 60
Schedule of Prior Year Audit Findings 61
Exit Conference 62
1
State of New Mexico
Component Appropriation Funds
Official Roster
June 30, 2023
Elected Official
Governor Michelle Lujan-Grisham
Officials
Department of Finance and Administration:
Cabinet Secretary Wayne Propst
State Controller Mark Melhoff (Acting)
Deputy Division Director Kusum Adhikari (Acting)
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2
INDEP
ENDENT AUDITORS’ REPORT
Mr. Wayne Propst, Cabinet Secretary
State of New Mexico Department of Finance and Administration
and Mr. Joseph M. Maestas, P.E., New Mexico State Auditor
Santa Fe, New Mexico
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of each of the statutorily and administratively
created funds that comprise the Component Appropriation Funds of the State of New Mexico (the
Component Appropriation Funds) as defined in the table of contents, as of and for the year ended
June 30, 2023, and the related notes to the financial statements, as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the Component Appropriation Funds, as defined in the table of contents,
as of June 30, 2023, and the respective changes in financial position for the year then ended in
accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States
of America (GAAS) and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Our responsibilities under those
standards are further described in the Auditors’ Responsibilities for the Audit of the Financial
Statements section of our report. We are required to be independent of the Component Appropriation
Funds and to meet our other ethical responsibilities, in accordance with the relevant ethical
requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinions.
Emphasis of Matter
As discussed in Note 1A, the financial statements present only the Component Appropriation Funds
and do not purport to, and do not, present fairly the financial position of the State of New Mexico as of
June 30, 2023, and the changes in its financial position, or where applicable, its cash flows for the year
then ended in accordance with accounting principles generally accepted in the United States of
America. Our opinions are not modified with respect to this matter.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with accounting principles generally accepted in the United States of America, and for the
design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Mr. Wayne Propst, Cabinet Secretary
State of New Mexico Department of Finance and Administration
and Mr. Joseph M. Maestas, P.E., New Mexico State Auditor
3
Auditors’ Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that
includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance
and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government
Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Misstatements are considered material if there is a substantial likelihood that, individually or in the
aggregate, they would influence the judgment made by a reasonable user based on the financial
statements.
In performing an audit in accordance with GAAS and Government Auditing Standards, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial stat
ements, whether due
to fraud or
error, and design and perform audit procedures responsive to those risks. Such
procedures include examining, on a test basis, evidence regarding the amounts and disclosures
in the financial statements.
Obtain an understanding of internal control relevant to the audit in
order to design audit
procedures
that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Component Appropriation Funds’ internal control.
Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluate the overall presentation of the
financial stat
ements.
We are required to communicate with those cha
rged with governance regarding, among other matters,
the planned scope and timing of the audit, significant audit findings, and certain internal control related
matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis be presented to supplement the financial statements. Such
information is the responsibility of management and, although not a part of the financial statements, is
required by the Governmental Accounting Standards Board who considers it to be an essential part of
financial reporting for placing the financial statements in an appropriate operational, economic, or
historical context. We have applied certain limited procedures to the required supplementary
information in accordance with GAAS, which consisted of inquiries of management about the methods
of preparing the information and comparing the information for consistency with management’s
responses to our inquiries, the financial statements, and other knowledge we obtained during our audit
of the financial statements. We do not express an opinion or provide any assurance on the information
because the limited procedures do not provide us with sufficient evidence to express an opinion or
provide any assurance.
Mr. Wayne Propst, Cabinet Secretary
State of New Mexico Department of Finance and Administration
and Mr. Joseph M. Maestas, P.E., New Mexico State Auditor
4
Other Information
Management is responsible for the other information included in the annual report. The other
information comprises the Schedule of Statutorily and Administratively Created Funds Balance Sheets
and Revenues, Expenditures and Changes in Fund Balances, Schedule of Revenues by Source,
Schedule of Appropriations, Schedule of Amounts from Other State Entities, Schedule of Amounts Due
from Taxpayers, Schedule of Amounts Due to Local Governments, Schedule of Amounts Due to
Taxpayers, Schedule of Transfers In/(Out), Schedule of Appropriations by Function of Government,
Schedule of Due from Beneficiaries, Schedule of Amounts Due to Other State Entities, the Official
Roster, and Exit Conference, but does not include the financial statements and our auditors’ report
thereon. Our opinions on the financial statements do not cover the other information, and we do not
express an opinion or any form of assurance thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and consider whether a material inconsistency exists between the other information and the
financial statements, or the other information otherwise appears to be materially misstated. If, based on
the work performed, we conclude that an uncorrected material misstatement of the other information
exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
November 22, 2023, on our consideration of the Component Appropriation Funds’ internal control over
financial reporting and on our tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements and other matters. The purpose of that report is solely to describe the
scope of our testing of internal control over financial reporting and compliance and the results of that
testing, and not to provide an opinion on the effectiveness of the Component Appropriation Funds’
internal control over financial reporting or on compliance. That report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering the Component
Appropriation Funds’ internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Albuquerque, New Mexico
November 22, 2023
State of New Mexico
Component Appropriation Funds
Management’s Discussion and Analysis (Unaudited)
June 30, 2023
5
Overview of the Reporting Entity
The Component Appropriation Funds of the State of New Mexico (the “Funds”) consist of eights funds, four
created by statute and four administratively created:
Statutorily Created Funds
Common School Current Fund
Current School Fund
State Support Reserve Fund
Excess Extraction Suspense Fund
Administratively Created Funds
Appropriation Account Fund
Federal Mineral Leasing Fund
Appropriation Contingency Reserve Fund
General Operating Reserve Fund
The Funds are part of the General Fund of the State of New Mexico, as reported in the State’s Comprehensive
Annual Financial Report.
This report has been prepared to meet the information needs of interested parties—the public, bond holders,
bond rating agencies, the New Mexico State Legislature—and to comply with the State of New Mexico Audit
Act. It presents the financial position and results of the operations of each of the Funds. The Tobacco
Settlement Permanent Fund and the Tax Stabilization Fund, which are reserve funds of the state and are
managed and reported by the State Investment Council, which is responsible for investment activities related
to this and other similar funds. The Schedules presented in other information include the unaudited Tobacco
Settlement Permanent Fund and Tax Stabilization Fund as “memorandum only” totals.
Financial Highlights
The Funds ended the year with aggregate reserves of 47.3% of recurring current year appropriations which
was a 9.3% increase from 2022.
The Tobacco Settlement Permanent Fund and Tax Stabilization Fund are managed and reported by the New
Mexico State Investment Council (SIC) under statute and reflective of stewardship assignment and investment
reporting requirements related to the corpus.
In fiscal year 2023, excluding the Tobacco Settlement Permanent Fund and Tax Stabilization Fund, the
aggregate fund balance of the Funds decreased by $19.5 million.
Fiscal year 2023 compares to fiscal year 2022 as follows (excluding those funds managed by SIC):
General and selective taxes, which include GRT, are the largest revenue source, contributing $4.8 billion or
37.9% of total revenues in fiscal year 2023. Those revenues increased by $662.2 million or 16%.
State of New Mexico
Component Appropriation Funds
Management’s Discussion and Analysis (Unaudited)
June 30, 2023
6
Rents and Royalties are the second largest revenue source contributing $3.3 billion or 25.8% of total
revenues in fiscal year 2023. Those revenues increased by $942.3 million or 40.5%. This increase was
related to the oil & gas industry.
Income taxes are the third largest revenue source contributing $2.1 billion or 17.2% of total revenues in
fiscal year 2023. Those revenues increased by $405 million or 22.9% in 2023.
Severance taxes are the fourth largest revenue source contributing $2.1 billion or 16.9% of total revenues in
fiscal year 2023. Those revenues increased by $157.7 million or 7.9% in 2023.
Reversions decreased by $160 million in fiscal year 2023.
Fund Financial Statements
A fund is a grouping of related accounts used to maintain control over resources that have been segregated for
specific activities or objectives. Fund accounting is used to ensure and demonstrate compliance with finance-
related legal requirements. The Component Appropriation Funds are categorized as governmental funds and
therefore reported using the modified accrual basis of accounting. The financial statements of the Funds
include Balance Sheets and Statements of Revenues, Expenditures and Changes in Fund Balances, which are
reported on pages 14 through 17.
The Funds do not adopt annual appropriated budgets. However, the appropriations of the Funds by law must
equal the individual amounts appropriated in the various Appropriation Acts, which are reported in the Schedule
of Appropriations on pages 37 through 44.
Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the
fund financial statements. The notes on the financial statements can be found on pages 19 through 29 of this
report.
Other Information
In addition to the financial statements and accompanying notes, this report presents, as other information, the
unaudited Schedule of Balance Sheet and Schedule of Revenues, Expenditures and Fund Balances, which
includes the Tobacco Settlement Permanent Fund and Tax Stabilization Fund. These schedules include the
amount of investments held in the State Investment Council and the net increase/decrease in fair value for
these investments. These numbers are not audited and are presented to show the amount of the investments
held by the State Investment Council to help the reader of the statements understand the position of a fund
that can be used as a reserve to the Component Appropriation Funds. The audited numbers for the Tobacco
Settlement Permanent Fund and Tax Stabilization Fund can be found in the State of New Mexico’s State
Investment Council’s 2023 Financial Statement report located at their website. In addition, other information
includes the Schedule of Revenues by Source and the Schedule of Appropriations. These schedules provide
detailed information on revenues and appropriations to demonstrate legal compliance with the statutes
governing the collection of revenue and disbursements of appropriations by the Component Appropriation
Funds.
State of New Mexico
Component Appropriation Funds
Management’s Discussion and Analysis (Unaudited)
June 30, 2023
7
Also presented as other information are the following:
Schedule of Amounts Due to/from Other State Entities
Schedule of Amounts Due from Taxpayers
Schedule of Amounts Due to Local Governments
Schedule of Amounts Due to Taxpayers
Schedule of Transfers In/(Out)
Schedule of Appropriations by Function of Government
Schedule of Amounts Due from Beneficiaries
State of New Mexico
Component Appropriation Funds
Management’s Discussion and Analysis (Unaudited)
June 30, 2023
8
Fund Financial Analysis
The focus of the financial statements of the Funds is on near-term inflows, outflows and balances of spendable
resources. Such information is useful in assessing the financing requirements.
As of the end of the current fiscal year, the Funds reported an aggregate fund balance of $607 million, a
decrease of $19.5 million from fiscal year 2022. Aggregate assets, liabilities, deferred inflows of resources, and
fund balance as of June 30, are as follows:
Aggregate Assets, Liabilities,
Deferred Inflows of Resources, and Fund Balance
June 30, 2023
(in millions of dollars)
2023
2022
Assets
2,857.4$
3,129.6$
Liabilities
(2,186.3)
(2,459.0)
Deferred inflow of resources
(64.1)
(44.1)
Fund balance
607.0$
626.5$
The assets held by the Funds are unappropriated and unassigned except for the State Support Reserve Fund,
which is restricted. At year-end, $64.1 million of assets were classified as deferred inflows and will be
recognized as revenue in the next accounting period. This amount is not considered available for appropriation
in the year ended June 30, 2023.
State of New Mexico
Component Appropriation Funds
Management’s Discussion and Analysis (Unaudited)
June 30, 2023
9
Aggregate Change in Fund Balances
For the Year Ended June 30, 2023
(in millions of dollars)
2023
2022
Increase
(Decrease)
Reve nue s
General and selective taxes
4,809.0$
4,146.8$ 662.2$
Income taxes
2,177.8
1,772.5 405.3
Severance taxes
2,142.1
1,984.4 157.7
License fees
60.7
24.9 35.8
Investment income
181.4
(118.3) 299.7
Rents and royalties
3,270.5
2,328.2 942.3
Miscellaneous receipts
46.9
36.9
10.0
Total revenues
12,688.3
10,175.2
2,513.1
Expenditure s
Appropriations
Higher education
145.0
130.5 14.5
Grants to Public Schools
39.1
-
39.1
Total expenditures
184.1
130.5
53.6
Excess of revenues over expenditures
12,504.2
10,044.7
2,459.5
Othe r Financing Source s (Us e s )
Transfers in - Sources
2,308.7
2,220.8 87.9
Transfers in - Higher Ed. Universities
0.4
0.4 0.0
Transfers out - Appropriations
(10,003.9)
(8,009.0) 1,994.9
Transfers out - Other
(5,020.7)
(4,389.0) 631.7
Reversions
191.7
351.7
(160.0)
Total other financing sources
(12,523.7)
(9,825.1)
2,554.5
Net change in fund balance
(19.5)
219.6 5,014.0
Fund balance - beginning
626.5
406.9
219.6
Fund balance - ending
607.0$
626.5$
(19.5)$
The Funds’ aggregate fund balances decreased by $19.5 million in fiscal year 2023.
State of New Mexico
Component Appropriation Funds
Management’s Discussion and Analysis (Unaudited)
June 30, 2023
10
Appropriations by Function
Legi s l ati ve
0.6%
Judicial
3.7%
Generalcontrol
8.8%
Commerce andindustry
2.0%
Agr i cul ture,energy and
na tural resources
2.1%
Health,hospitalsand
humanservices
23.7%
Publi csafety
5.3%
Trans por tati on,4.1%
Othereducati on
0.6%
Highereducatio n
38.0%
Publi cschools upp ort
11.1%
Aggregate Revenues by Source
GeneralandSelective
Taxes,37 .9%
IncomeTa xes,17.1
Sev eranceTa xes ,
16.9%
Li cens eFees, 0.5%
Investment Income,
1.4 %
Rents andRoyalties,
25.8%
Miscellaneous
Receipts,0.4%
State of New Mexico
Component Appropriation Funds
Management’s Discussion and Analysis (Unaudited)
June 30, 2023
11
Economic Factors Affecting New Mexico’s Fiscal Year 2023 Budget
New Mexico utilizes a consensus revenue estimating group (CREG) composed of legislative and executive
branch economists to forecast General Fund revenue for the state. The Executive and Legislature work with the
same revenue forecast in preparing their respective General Fund operating budget recommendations. The State
General revenue forecast of the CREG is based on forecasts of the U.S. economy from Moody's Analytics and
S&P, along with the forecasts of New Mexico's economy prepared by the University of New Mexico's Bureau
of Business and Economic Research. Economic inputs also include data and information provided by state
agencies, and other national data sources such as the Energy Information Administration, Bureau of Labor
Statistics, Bureau of Economic Analysis, and the U.S. Census Bureau. Historical information on New Mexico’s
value and volume of crude oil and natural gas produced in the state is derived from the state’s GenTax Database
reporting system. Product price forecasts are derived from national economic forecasting services and other
sources. Additionally, New Mexico’s state revenues are highly sensitive to boom-and-bust cycles in the energy
industry; therefore, the CREG conducts a stress-test on state revenues during the revenue forecasting process.
The establishment and use of stress-testing hedges against an economic downturn or an unforeseen downswing
in the energy sector. Stress-testing allows for targeting appropriate levels of general fund reserves while
simultaneously safeguarding the state’s budget.
Trends in the U.S. Economy
The United States economy experienced growth in state fiscal year 2023, albeit at a slower pace. The national
economy, as measured by real gross domestic product, grew by 1.7% in fiscal year 2023, but was hindered by
record levels of inflation and recessionary fears. Moreover, the moderate growth has been influenced by the
Federal Reserve rate increases that were implemented to curb stubbornly high inflation levels by slowing the
national economy and labor market, without triggering a recession. In fiscal year 2023, total US employment
increased by 3.66 million, this represents a 2.4% year-over-year growth from fiscal year 2022. Average hourly
wages in the U.S. increased by 4.4%, which was below the 6.3% inflation rate, effectively reducing workers'
purchasing power. In fiscal year 2024, wage growth is expected to outpace inflation.
The US economy is anticipated to experience moderate growth in fiscal year 2024, with a projected GDP
growth rate of 1.8%. In response to persistently high inflation and a robust job market, the Federal Reserve is
expected to maintain short-term interest rates high during the near future.
New Mexico Economy
The New Mexico economy showed growth in fiscal year 2023, with the real gross domestic product expanding
by 1.9 percent on a year-over-year basis. The wages and salaries in the state increased by 10.1 percent and the
total personal income grew by 2.5 percent. In the same period, employment in New Mexico increased by 3.4
percent, which means the state added approximately 28,800 jobs. During fiscal year 2023, the Mining,
Construction, Leisure and Hospitality, Education & Health Services, and Local Government sectors created
3,500 jobs, 2,500 jobs, 6,000 jobs, 6,500 jobs, and 6,000 jobs, respectively.
Oil prices were lower in fiscal year 2023 compared to fiscal year 2022. Prices were pressured downwards by
easing concerns about worldwide and national economic growth, the international markets pricing in the
Ukraine-Russia conflict, and recessionary fears slowly receding for the calendar year 2023. The average prices
for crude oil and natural gas in New Mexico were $80.65 per barrel and $5.40 per mcf, respectively. Despite the
State of New Mexico
Component Appropriation Funds
Management’s Discussion and Analysis (Unaudited)
June 30, 2023
12
lower prices, New Mexico maintained its high levels of oil and natural gas production due to low break-even
points and high yield-producing wells. In fiscal year 2023, New Mexico produced a record high of 657.5
million barrels of oil and 3.2 billion cubic feet of natural gas. The record levels of production in fiscal year 2023
offset any impact of the slightly lower prices.
General Fund Revenue and Reserve Outlook
According to the August 2023 consensus revenue estimate, fiscal year 2023 recurring revenue is expected to
have grown by 20.3 percent to over $11.6 billion, while year-end financial reserves are estimated to be 51
percent of recurring appropriations. The growth in the revenue estimate is mainly due to general sales, income
taxes, and investment income performing better than expected. Additionally, growth in revenue driven by oil
and natural gas prices and production is mainly captured by the excess transfers.
Fiscal year 2024 recurring revenues are estimated to increase by 8.3 percent when compared to fiscal year 2023.
Total revenues for fiscal year 2024 are estimated to be around $12.6 billion. Fiscal year 2024 over fiscal year
2023 growth is driven primarily by estimated growth in oil and natural gas revenue. General sales and income
revenue is also growing, however, due to legislative adjustments they decline when compared to fiscal year
2023. The consensus revenue outlook for fiscal year 2024 estimates ending reserves to increase from $3.2
billion to $4.3 billion or 51 percent of recurring appropriations (pending 2024 legislative appropriations).
The global, national, and state economic outlook is still uncertain. The Federal Reserve is taking aggressive
actions to combat inflation, which appears to be working, but continuing to tighten may cause an overcorrection
and an economic slowdown in fiscal year 2024. Other risks include a tight labor market, supply-side constraints,
and potential changes in crude oil production by OPEC+.
Requests for Information
This financial report is designed to provide a general overview of the Funds’ finances for all those with an
interest in its finances. Questions concerning any of the information provided in this report or requests for
additional financial information should be addressed to:
New Mexico State Controller
Department of Finance and Administration
407 Galisteo, Room 166
Bataan Memorial Building
Santa Fe, New Mexico 87501
Financial Statements
The accompanying notes are an integral part of these financial statements.
14
State of New Mexico
Component Appropriation Funds
Balance Sheet
June 30, 2023
71600 71700 85700 85300 85100
Common
School
Current
Current
School
State
Support
Reserve
Appropriation
Account
Federal
Mineral
Leasing
Assets
Investment in State General Fund Investment Pool (Note 2) - - 10,398,802 447,038,346 -
Due from other State General Fund Accounts - - - - -
Due from other State Entities (Note 4) - - - 624,537,891 -
Due from Higher Education Universities - - - 401,661 -
Due from the Tax Payers - - - 64,136,350 -
Due from the Federal Government - - - - 66,120
Due from Component Units - - - 543,793 -
Due from Local Governments
-
- - 41,676 -
Total assets
-
- 10,398,802 1,136,699,717 66,120
Liabilitie s
Due to other State Entities - - - 723,853,059 66,120
Due to other State General Fund Accounts - - - 105,148,273 -
Due to Tax Payers - - - 205,532,935 -
Due to Local Governments - - - 38,029,100 -
Unearned Revenue
-
- - - -
To tal liabilities
-
- - 1,072,563,367 66,120
Deferred Inflow of Resources
Unavailable revenue - taxes
-
- - 64,136,350 -
Total deferred inflow of resources
-
- - 64,136,350 -
Fund Balances
Unassigned - - - - -
Restricted
-
- 10,398,802 - -
To tal fund balances
-
- 10,398,802 - -
Total liabilities, deferred inflows of
resources, and fund balances
-
- 10,398,802 1,136,699,717 66,120
Statutorily Created Funds
Administratively
Created Funds
The accompanying notes are an integral part of these financial statements.
15
State of New Mexico
Component Appropriation Funds
Balance Sheet — continued
June 30, 2023
Statutorily Created
Funds
85400 85200 20730
Appropriation
Contingency
Reserve
General
Operating
Reserve
Excess Extraction
Tax Suspense
Eliminations
Total
June 30, 2023
Assets
Investment in State General Fund Investment Pool (Note 2) 69,011,093 491,435,727 813,780,788 - 1,831,664,756
Due from other State General Fund Accounts - 105,148,273 - (105,148,273) -
Due from other State Entities (Note 4) - - 336,043,785 - 960,581,676
Due from Higher Education Universities - - - - 401,661
Due from the Tax Payers - - - - 64,136,350
Due from the Federal Government - - - - 66,120
Due from Component Units - - - - 543,793
Due from Local Governments
-
- - - 41,676
Total assets
69,011,093
596,584,000 1,149,824,573 (105,148,273) 2,857,436,032
Liabilities
Due to other State Entities - - 1,149,824,573 - 1,873,743,752
Due to other State General Fund Accounts - - - (105,148,273) -
Due to Tax Payers - - - - 205,532,935
Due to Local Governments - - - - 38,029,100
Unearned Revenue
69,011,093
- - - 69,011,093
Total liabilities
69,011,093
- 1,149,824,573 (105,148,273) 2,186,316,880
Deferred Inflow of Resources
Unavailable revenue - taxes
-
- - - 64,136,350
Total deferred inflow of resources
-
- - - 64,136,350
Fund Balance s
Unassigned - 596,584,000 - - 596,584,000
Restricted
-
- - - 10,398,802
To tal fund balances
-
596,584,000 - - 606,982,802
Total liabilities, deferred inflows of
resources, and fund balances
69,011,093
596,584,000 1,149,824,573 (105,148,273) 2,857,436,032
Administratively
Created Funds
The accompanying notes are an integral part of these financial statements.
16
State of New Mexico
Component Appropriation Funds
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Year Ended June 30, 2023
71600 71700 85700 85300 85100
Common
School
Current
Current
School
State
Support
Reserve
Appropriation
Account
Federal
Mineral
Leasing
Re ve nue s
General and selective taxes - - - 4,809,020,548 -
Income taxes - - - 2,177,768,150 -
Severance taxes - - - 992,261,034 -
License fees - - - 60,653,905 -
Investment income - - - 181,381,304 -
Rents and royalties - - - 78,163,246 3,192,349,433
Miscellaneous receipts
-
2,998,788 - 43,859,574 -
Total revenues
-
2,998,788 - 8,343,107,761 3,192,349,433
Expe nditure s
Appropriations
Higher education - - - 144,982,600 -
Grants to Public Schools
-
- 39,092,640 - -
Total expe nd itures
-
- 39,092,640 144,982,600 -
Excess (deficiency) of revenues
over expenditures
-
2,998,788 (39,092,640) 8,198,125,161 3,192,349,433
Othe r Financing Source s (Us es )
Transfers in - Sources 968,901,258 968,901,258 - 265,791,612 -
Transfers in - Higher Ed. Universities - - - 401,661 -
Transfers out - Appropriations - (971,900,046) - (7,825,407,144) (1,119,372,233)
Transfers out - Other (968,901,258) - - (829,001,332) (2,072,977,200)
Reversions - FY23
-
- - 190,090,042 -
Total other financing sources (uses)
-
(2,998,788) - (8,198,125,161) (3,192,349,433)
Net change in fund balance - - (39,092,640) - -
Fund balances - beginning of year
-
- 49,491,442 - -
Fund balances - end of year
-
- 10,398,802 - -
Statutorily Created Funds
Administratively
Created Funds
The accompanying notes are an integral part of these financial statements.
17
State of New Mexico
Component Appropriation Funds
Statement of Revenues, Expenditures and Changes in Fund Balances — continued
For the Year Ended June 30, 2023
Statutorily Created
Funds
85400 85200 20730
Appropriation
Contingency
Reserve
General
Operating
Reserve
Excess Extraction
Tax Suspense
Total
June 30, 2023
Re ve nues
General and selective taxes - - - 4,809,020,548
Income taxes - - - 2,177,768,150
Severance taxes - - 1,149,824,573 2,142,085,607
License fees - - - 60,653,905
Investment income - - - 181,381,304
Rents and royalties - - - 3,270,512,679
Miscellaneous receipts
-
- - 46,858,362
Total revenues
-
- 1,149,824,573 12,688,280,555
Expe nditure s
Appropriations
Higher education - - - 144,982,600
Grants to Public Schools
-
- - 39,092,640
Total expenditures
-
- - 184,075,240
Excess (deficiency) of revenues
over expenditures
-
- 1,149,824,573 12,504,205,315
Othe r Financing Source s (Us es )
Transfers in - Sources - 105,148,273 - 2,308,742,401
Transfers in - Higher Ed. Universities - - - 401,661
Transfers out - Appropriations (12,793,727) (74,396,273) - (10,003,869,423)
Transfers out - Other - - (1,149,824,573) (5,020,704,363)
Reversions - FY23
1,628,822
- - 191,718,864
Total other financing sources (uses)
(11,164,905)
30,752,000 (1,149,824,573) (12,523,710,860)
Net change in fund balance (11,164,905) 30,752,000 - (19,505,545)
Fund balances - beginning of year
11,164,905
565,832,000 - 626,488,347
Fund balances - end of year
-
596,584,000 - 606,982,802
Administratively
Created Funds
Notes to the Financial Statements
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
19
1) Summary of Significant Accounting Policies
A. Reporting Entity
The accompanying financial statements report eight statutorily and administratively
created funds administered by the Department of Finance and Administration of the
State of New Mexico. The funds are referred to as “Component Appropriation Funds”
(the “Funds”). Together with many other statutorily and administratively created funds,
they comprise the General Fund of the State of New Mexico, which is presented in the
State of New Mexico’s Annual Comprehensive Financial Report.
The Funds do not constitute a primary government, component unit, or any other type of
reporting entity as defined by generally accepted accounting principles.
Taken together, the Funds present the primary revenue and financing of the activities of
the State of New Mexico. As such, the Legislature, state officials and the citizens of the
State of New Mexico, as well as other groups such as bond issuers and rating services,
have an interest in the operations of the Funds. The accompanying financial statements
are presented to meet those needs. The Tobacco Settlement Permanent Fund and Tax
Stabilization Fund, which are managed and reported by the N.M. State Investment
Council (SIC) are considered reserve funds of the Component Appropriations Funds.
These funds are not audited and are presented to show the amount of the investments
held by the State Investment Council to help the reader of the statements understand the
position of the funds that can be used as a reserve to the Component Appropriation
Funds. The audited numbers for the Tobacco Settlement Permanent Fund and Tax
Stabilization Fund can be found in the State of New Mexico’s State Investment
Council’s 2023 Financial Statement report located at their website.
The following is a description of the eight statutorily and administratively created
funds.
Statutorily Created Funds
1. Common School Current Fund – SHARE Fund 71600
The Common School Current Fund (also known as the Common School Income
Fund) was created by Section 19-1-17, NMSA 1978. This statute requires that the
fund be credited with its respective proportion of money from the State Land Income
Fund and the State Permanent Fund. Section 22-8-32, NMSA 1978, requires that at
the end of each month, the state treasurer transfer out the cash balance in this fund
to the Current School Fund. In fiscal year 2023, other financing sources were
reported in this fund before transferring the balance to the Current School Fund per
22-8-32, NMSA 1978.
2. Current School Fund – SHARE Fund 71700
The Current School Fund was created by Section 22-8-32, NMSA 1978. This statute
requires the state treasurer to deposit into this fund: 1) all fines and forfeitures
collected under general laws; 2) the net proceeds of property that may come to the
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
20
state by escheat (however, Section 7-8A-13, NMSA 1978, requires all funds received
under the Unclaimed Property Act to be deposited in the tax administration suspense
fund for distribution to the General Fund); and 3) all other revenue required by law
to be credited to the fund. In addition, as noted above, the statute requires that each
month the cash balance in the Common School Current Fund be transferred into this
fund.
In addition to the above, Section 22-8-32 requires any unencumbered balance in this
fund to be transferred out to the Public- S c h o o l Fund—a statutorily created fund
administered by both the Public Education Department and the Component
Appropriation Funds.
3. State Support Reserve Fund – SHARE Fund 85700
The State Support Reserve Fund was created by Section 22-8-31, NMSA 1978. This
statute requires the following: The State Support Reserve Fund shall be used only to
augment the appropriations for the state equalization guarantee distribution in order to
ensure, to the extent of the amount undistributed in the fund, that the maximum
figures for such distribution established by law shall not be reduced. The fund balance
on June 30, 2023, was $10,398,802 and is restricted based on the statute that created
the fund.
4. Excess Extraction Tax Fund – SHARE Fund 20730
The Excess Extraction Suspense Fund was created by Section 6-4-27, NMSA 1978.
This statute requires excess emergency oil & gas taxes to be held in suspense until
state reserves are calculated by DFA at year-end. The balance of this fund must be
transferred to the Tax Stabilization or Early Childhood Education and Care Fund
depending on reserve levels.
Administratively Created Funds
1. Appropriation Account Fund – SHARE Fund 85300
The Appropriation Account Fund is an administratively created fund the Component
Appropriation Funds uses to account for the financial activity of the statutorily
created General Fund and for portions of the financial activity of the statutorily
created Public School Fund of the State of New Mexico.
State statute, Section 6-4-2, NMSA 1978, creates the General Fund and requires
the state treasurer to credit all revenues, not otherwise allocated, to the fund. In
addition, the statute requires that expenditures from the fund be made only in
accordance with appropriations authorized by the Legislature. Those appropriations
result in allotments of cash from the General Fund. The allotments are presented as
transfers in the accompanying financial statements.
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
21
Section 22-8-14, NMSA 1978, creates the Public School Fund. The Component
Appropriation Funds administers three financial activities of that fund; all other
activities of the fund are administered by the Public Education Department.
One of those activities administered by the Component Appropriation Funds is the
transfer from the Current School Fund to the Public School Fund required by Section
22-8-32, NMSA 1978. The Component Appropriation Funds administers the other
two activities through its Federal Mineral Leasing Fund (see item 2 below). Those
activities include receiving receipts under the Federal Minerals Land Act, 30 USC
181 (the General Appropriation Act defines General Fund to include Federal
Mineral Leasing Act receipts) and allotting cash, based on legislative appropriations,
from the Public School Fund to the Instructional Materials Fund and to the Bureau
of Mines and Mineral Resources of the New Mexico Institute of Mining and
Technology.
The transfer described in the previous paragraph reduces (offsets) the appropriation
and related cash allotments that have been made from the General Fund to the
portion of the Public School Fund administered by the Public Education Department.
The General Appropriations Act requires that the appropriation from the General
Fund to the portion of the Public School Fund administered by the Public Education
Department be reduced by the amounts transferred to the Public School Fund from
the Current School Fund. Expenditures will be presented as transfers in these
financial statements.
2. Federal Mineral Leasing Fund – SHARE Fund 85100
As noted above, the Component Appropriation Funds administers two other activities
of the Public School Fund through its administratively created Federal Mineral
Leasing Fund. Those activities include receiving receipts under the Federal Minerals
Land Act, 30 USC 181, and allotting cash—based on legislative appropriation—from
the portion of the Public School Fund administered by the Component Appropriation
Funds to the Instructional Materials Fund and to the Bureau of Mines and Mineral
Resources of the New Mexico Institute of Mining and Technology.
Like the transfer in from the Current School Fund, the receipts from the Federal
Minerals Land Act, 30 USC 181 reduce (offset) the appropriation and related cash
allotments that have been made from the General Fund to fund a portion of the
Public School Fund administered by the Public Education Department. As noted
above, the General Appropriations Act requires that the appropriation from the
General Fund to the portion of the Public School Fund administered by the Public
Education Department be reduced by the amount of Federal Minerals Land Act
receipts. Expenditures will be presented as transfers in these financial statements.
The General Appropriations Act is consistent with Section 22-8-34, NMSA 1978, in
that Section 22-8-34 requires the state treasurer to deposit all money received under
the Federal Mineral Lands Leasing Act to the Public School Fund, except for the
following: 1) that portion appropriated to the Instructional Materials Fund and to the
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
22
Bureau of Mines and Mineral Resources of the New Mexico Institute of Mining and
Technology; and 2) the remainder of any prepayments after deducting the amount
that the state would have received as its share of royalties during the fiscal year. (The
statute requires that the remainder be distributed to the Common School Permanent
Fund.) Section 9-29A-3, NMSA 1978 requires excess revenues over the 5-year
average be transferred to the early childhood and education care fund.
3. Appropriation Contingency Reserve Fund – SHARE Fund 85400
Section 6-4-2.3, NMSA 1978, creates the appropriation contingency reserve within
the General Fund. To account for the reserve, the Component Appropriation Funds
has established the Appropriation Contingency Reserve Fund. Section 6-4-2.3
includes the following requirements: The appropriation contingency reserve may be
expended only upon specific authorization by the legislature or as provided in
Sections 6-7-1 through 6-7-3 NMSA 1978 in the event there is no surplus of
unappropriated money in the General Fund. The fund balance on June 30, 2023, was
$0.
4. General Operating Reserve Fund – SHARE Fund 85200
Section 6-4-2.1, NMSA 1978, creates the General Operating Reserve Fund within the
General Fund. To account for the reserve, the Component Appropriation Funds has
established the General Operating Reserve Fund. Section 6-4-4, NMSA 1978,
requires that excess revenue over appropriations (expenditures) in the General Fund
be transferred to the General Operating Reserve Fund provided that if the sum of the
excess revenue plus the balance in the operating reserve prior to the transfer is greater
than eight percent of the aggregate recurring appropriations from the General Fund
for the previous fiscal year, then an amount equal to the smaller of either the amount
of the excess revenue or the difference between the sum and eight percent of the
aggregate recurring appropriation from the General Fund for the previous fiscal year
shall be transferred to the Tax Stabilization Fund. Expenditures will be presented as
transfers in these financial statements.
The General Operating Reserve Fund may be expended only upon specific
authorization by the legislature and only in the event General Fund revenues and
fund balances, including all other transfers to the General Fund authorized by law,
are insufficient to meet the level of appropriations authorized. The fund balance on
June 30, 2023, was $596,584,000 and was reported as unassigned.
B. Basis of Accounting and Presentation
The financial statements of the Funds have been prepared in accordance with accounting
principles generally accepted in the United States of America as applied to governmental
units and funds. The Governmental Accounting Standards Board (GASB) is the standard-
setting body for governmental accounting and financial reporting.
Fund Financial Statements - Each of the Funds is reported as Governmental Funds.
Accordingly, they are reported using the current financial resources measurement focus
and the modified accrual basis of accounting. Revenues are recognized as soon as they
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
23
are both measurable and available. For derived tax revenues, related assets are recognized
when the exchange transaction occurs or when the resources are received, whichever
occurs first. Revenues are available when they are collectible within the current period or
soon enough thereafter to pay liabilities of the current period. For this purpose, the Funds
consider tax revenues to be available if they are collected within 60 days after the end of
the fiscal year. Unavailable revenues are reported when assets, such as taxes, are obtained
prior to revenue being recognized.
Escheats are not considered susceptible to accrual and are therefore recognized when
received. Reversions are recognized as transfers if collected within 90 days of the end
of the current fiscal period and all other revenues are available if collected prior to
completion of the Funds’ financial statements, typically by November 15
th
following
the end of the fiscal year. Appropriations generally are recorded when a liability is
incurred.
C. Assets, Deferred Outflow of Resources, Liabilities, and Deferred Inflow of Resources
1. Due from Other State Entities — Section 6-4-2, NMSA 1978, requires all revenues
not otherwise allocated by law to be credited to the Component Appropriation Funds.
In addition, Section 6-5-10, NMSA 1978, requires all unassigned fund balances in
reverting state agency funds to be reverted to the Component Appropriation Funds.
Various state agencies collect revenues on behalf of the Component Appropriation
Funds. In addition, most state agencies administer funds that revert balances to the
Funds.
2. Due to Local Governments — the amounts due to local governments reported in the
accompanying financial statements are 1/12 of the annual appropriation amounts due
to local governments. This is a timing difference and the amounts due to local
governments are paid within 30 days of the fiscal year-end.
3. Due from Taxpayers and Unavailable Revenues — GASB Statement No. 65, Items
Previously Reported as Assets and Liabilities (GASB 65) states that when an asset is
recorded in Governmental Fund financial statements, but the revenue is not available,
the government should report a deferred inflow of resources until such time as the
revenue becomes available. Amounts due from taxpayers for fiscal year 2023 taxes,
which are not readily available until more than 60 days after the fiscal year-end, are
recorded as deferred inflow of resources.
4. Use of Resources — when both restricted and unrestricted resources are available for
use, it is the Component Appropriation Funds’ policy to use restricted resources first
and then unrestricted resources as they are needed.
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
24
5. Interfund Activity — the effect of interfund activity between these eight statutorily
and administratively created funds has been eliminated from the Funds’ totals in the
accompanying financial statements. This interfund activity included the receivables
and payables listed in the table below.
Name
SHARE
System Fund
Number
Name
SHARE
System Fund
Number
Amount
General Operating Reserve 85200 Appropriations Accounts Fund 85300
105,148,273$
105,148,273$
Due to Other Funds (providing)Due from Other Funds (receiving)
D. Revenues, Appropriations, Expenditures and Reversions
1. Reversions — once an appropriation lapses, the unspent cash balance is usually
required by law to be returned to the fund from where the appropriation allotment
originated (that is, from where the cash related to the appropriation originated). In the
accompanying financial statements, the cash returned to the Funds is treated as other
financing sources and presented as “reversions.”
2. Revenues — the Component Appropriation Funds account for the financial resources
of the state except those required to be accounted for by a fund within another state
entity. Proceeds are collected by various agencies of the state and held within a
governmental fund at NM Taxation and Revenue Department to be transferred to one
of the Component Appropriation Funds for revenue recognition. Revenues are
available when they are collectible within the current period or soon enough
thereafter to pay liabilities of the current period.
3. Expenditures/Transfers — appropriations represent legislatively approved transfers of
budgeted funds to state entities for the necessities of operations. In the accompanying
financial statements, appropriations sent to external entities are treated as
expenditures and all other appropriations sent to State entities and component units
are treated as other financing uses and presented as “appropriations”.
E. Fund Balances
In accordance with Governmental Accounting Standards Board (GASB) Statement No.
54, Fund Balance Reporting and Governmental Fund Type Definitions, fund balance
classifications are based upon the extent to which a government is bound to follow
constraints on resources in governmental funds and are classified as restricted or
unassigned.
Restricted fund balance represents those portions of fund balance where constraints are
placed on resources, either externally or by law through constitutional provisions or
enabling legislation. Unassigned fund balance is the residual amount after all
classifications were considered.
The accompanying financial statements report restricted fund balance in the State
Support Reserve Fund because the balance is legally restricted for specific purposes.
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
25
F. Budgets
Annually, the Governor is required to submit a balanced budget by Program Code (P-
Code) to the Legislature. The Legislature authorizes expenditures in the annual
Appropriations Act by source, which is signed into law by the Governor. Annual
appropriations lapse at fiscal year-end. In the event actual revenues are insufficient to
cover budgeted expenditures, the Governor must order budget reductions or call a special
session of the Legislature to address the budget issues. Adjustments to the budget may
also be made throughout the year for changes in program revenues so that departments
and funds will not end the fiscal year in a deficit position. Expenditures are controlled at
the program appropriation unit level. The budget is adopted on a budgetary basis that is
not consistent with GAAP. The appropriations of the Component Appropriation Funds by
law must equal the individual amounts appropriated in the various Appropriation Acts.
2) Investment in State General Fund Investment Pool
State law (Section 8-6-3 NMSA 1978) requires investments of the Funds be managed by
the New Mexico State Treasurer’s Office. The investments managed by the State
Treasurer’s Office consist of an interest in the State General Fund Investment Pool
managed by the New Mexico State Treasurer’s Office, which is accounted for as cash
and cash equivalents. See the New Mexico State Treasurer’s Office audited financial
statements via the NM Office of the State Auditor’s website for further information.
As of June 30, 2023, the Funds had the following investments:
Description Maturitie s Fair Value
New Mexico State Treasurer's Office General Fund Investment Pool 1 day to 5 years
1,831,664,756$
Interest Rate Risk
The New Mexico State Treasurer’s Office has an investment policy that limits
investment maturities to five years or less on allowable investments. This policy is a
means of managing exposure to fair value losses arising from increasing interest rates.
This policy is reviewed and approved annually by the New Mexico State Board of
Finance.
Credit Risk
The New Mexico State Treasurer pools are not rated. For additional GASB Statement
No. 40, Deposit and Investment Risk Disclosures-An Amendment of GASB Statement No.
3, disclosure information regarding cash held by the New Mexico State Treasurer, the
reader should refer to the separate audit reports for the New Mexico State Treasurer’s
Office for the fiscal year ended June 30, 2023. The Funds do not have an investment
policy that limits investment maturities as a means of managing its exposure to fair value
losses arising from increasing interest rates.
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
26
3) Advance from the State General Fund Investment Pool
The Appropriation Account Fund disburses allotted appropriations to various entities
based on New Mexico Legislative Appropriation Acts, in anticipation of the collection
of tax revenues, fees and other sources. The State General Fund Investment Pool makes
advances to the Appropriation Account Fund to the extent that such sources have not
yet been collected. There were no advance to the Appropriation Account Fund as of
June 30, 2023.
4) Due to/from Other State Entities
Various state agencies collect revenues on behalf of the Funds. Resulting aggregate
amounts due from state entities are composed of the following on June 30, 2023, which
also reflect amounts owed to 3
rd
parties:
Agency Fund Source Amount
33300 27900 Corporate Income Tax 63,291,961$
33300 64200 Personal Income Tax 31,195,174
33300 71960 Gross Receipts Tax 2,822,222
33300 82500 Weight Distance Tax (148,742) *
33300 82800 Various Taxes & Fees 13,414,605
33300 83100 Worker's Compensation (74,855) *
33300 67940 Taxes & Surcharges 385,675,090
33300 83300 Severance & Excise Tax 359,974,926
33300 83800 Insurance Tax 85,233,129
39400 02000 Tribal Revenue Sharing 19,134,162
39401 80100 Investment Earnings 61,959
44000 11820 Insurance Collections
2,045
960,581,676$
*The negative receivable balance represents unidentified deposits that are remitted to
the Funds as required by State statute(s).
Resulting aggregate amounts due to state entities are composed of the following on
June 30, 2023:
Agency Description Amount
33700 State Investment Council
1,873,743,752$
Total amounts due to other state entities
1,873,743,752$
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
27
5) Transfers
For fiscal year 2023, the legislature did not authorize any additional transfers.
6) State General Fund Investment Pool Reconciliation
The state maintains a short-term investment “pool,” the State General Fund Investment
Pool (SGFIP). The investment pool is managed by the New Mexico State Treasurer’s
Office (STO).
For cash management and investment purposes, funds of various state agencies are
deposited in the SGFIP, which is managed by STO. The SGFIP is not a part of the
accompanying financial statements but is reported as a fiduciary fund in the financial
statements of STO. Claims on the SGFIP are reported as assets by the various agencies
investing in the SGFIP. By statute, the DFA is responsible for reconciling the SGFIP
balances. As of June 30, 2023, the Component Appropriations Funds report an
aggregate investment of $1,831,664,756 in the SGFIP (see Note 2).
The state controller indicated on August 20, 2023, that resources held in the pool were
equivalent to the corresponding business unit claims on those resources and that all
claims as recorded in SHARE shall be honored at face value.
7) Financial Reporting and Disclosure for Multiple-Employer Cost Sharing
Pension Plans by Employees
The Component Appropriations Funds, as part of the primary government of the State of
New Mexico, is a contributing employer to a cost-sharing multiple employer defined
benefit pension plan administered by the Public Employees Retirement Association
(PERA). Disclosure requirements for Governmental Funds apply to the primary
government, and as such, this information will be presented in the Annual
Comprehensive Finance Report (ACFR) of the State of New Mexico.
Information concerning the net pension liability, pension expense, and pension-related
deferred inflows and outflows of resources of the primary government will be contained
in the ACFR and will be on the Department of Finance and Administration’s home page
or at https://www.nmdfa.state.nm.us/new-mexico-annualreport/.
8) Postemployment Benefits - State Retiree Health Care Plan
The Component Appropriations Funds, as part of the primary government of the State of
New Mexico, is a contributing employer to a cost-sharing multiple-employer defined
benefit postemployment health care plan that provides comprehensive group health
insurance for persons who have retired from certain public service positions in New
Mexico. The other postemployment benefits (OPEB) Plan is administered by the Retiree
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
28
Health Care Authority of the State of New Mexico. All required disclosures will be
presented in the ACFR of the State of New Mexico.
Information concerning the net liability, benefit expense, and benefit-related deferred
inflows and deferred outflows of resources of the primary government will be contained
in the State of New Mexico ACFR for the year ended June 30, 2023, and will be
available, when issued, from the Office of the State Controller, Room 166, Bataan
Memorial Building, 407 Galisteo Street, Santa Fe, New Mexico, 87501.
9) Contingencies
A. Pending or Threatened Litigation
There are various protests and lawsuits by taxpayers and other parties claiming
abatements, refunds, and the recovery of unclaimed property in the State Taxation and
Revenue Department’s (“TRD”) possession relating to various programs administered by
TRD. The total dollar amount representing the claims in protest with TRD is estimated to
be $477.6 million. Readers can refer to the published fiscal year 2023 TRD audit for
additional information on outstanding claims or lawsuits. Liabilities arising from these
lawsuits would be paid out of TRD’s current tax collections, which would reduce the
distribution sent to the State General Fund.
B.State Support Reserve Fund – Contingent Liability
The NM Public Education Department received $20.9 million from the General Fund per
the Laws of 2021, Chapter 137, Section 6, Item 16. Based on the Laws of 2021, the
Department created a contingent liability in Fund 85700 until the Secretary of Public
Education determined that a final decision by the United States Department of Education
had been made. This decision was made in fiscal year 2023 and the liability was released
as of June 30, 2023.
10) Federal CARES/ARPA Funding
The Laws of 2021, 2nd Special session, Chapter 4, Section 1 transferred the remaining
balance of approximately $1 billion in SLFRF to the appropriation contingency fund
(Fund 85400) for the purpose of appropriating additional expenditure. These funds are
recorded as unearned revenue until appropriated by the legislature and transferred to the
recipient entity at which time the unearned revenue of Fund 85400 is reduced. The
balance of these unearned revenues as of June 30, 2023, was $69 million.
State of New Mexico
Component Appropriation Funds
Notes to the Financial Statements
June 30, 2023
29
11) Fiscal Year 2023 Personal Income Tax Rebates
The Laws of 2023, Chapter 211, Section 11 provides relief payments defined as tax
rebates to eligible taxpayers who have filed their tax return for taxable year 2021 and
who are not a dependent of another individual that is eligible for a tax rebate.
The amount of this rebate was $500 for single individuals and married individuals filing
separate returns; or $1,000 for heads of households, surviving spouses and married
individuals filing joint returns. The rebates were disbursed as soon as practical after a
return was received; provided that a rebate shall not be allowed for a return filed after
May 31, 2024.
These rebates were recorded as a reduction to Fiscal Year 2023 General Fund revenue.
The total amount of revenue reduced was $694.8 million. The remaining allowable
rebates will be disbursed during fiscal year 2024. In addition, rebates in the amount of
$9.1 million have been held by the New Mexico Taxation & Revenue Department
pending the outcome of researching amounts potentially owed to the State for other
obligations. Once a determination is made, these rebates will be sent to the taxpayer,
abated, or distributed to the statutory recipient of the associated tax.
Other Information (Unaudited)
31
State of New Mexico
Component Appropriation Funds
Schedule of Statutorily and Administratively Created Funds (including the Unaudited
Tobacco Settlement Permanent Fund & Tax Stabilization Fund) — Balance Sheets
June 30, 2023
Statutorily Created Funds
Administratively
Created Funds
C ommo n
School
Current
Current
School
State
Support
Reserve
Appropriation
Account
Federal
Mineral
Leasing
Assets
Investment in State General Fund Investment Pool (Note 2) - - 10,398,802 447,038,346 -
Investments, State Investment C ouncil - - - - -
Due from other state general fund accounts - - - - -
Due from other State Entities (Note 4) - - - 624,537,891 -
Due from Higher Education Universities - - - 401,661 -
Due from the Tax Payers - - - 64,136,350 -
Due from the Federal Government - - - - 66,120
Due from Component Units - - - 543,793 -
Due from Local Governments
-
- - 41,676 -
Total assets
-
- 10,398,802 1,136,699,717 66,120
Liabilities
Receipts held in suspense - - - - -
Due to other State Entities - - - 723,853,059 66,120
Due to other State General Fund accounts - - - 105,148,273 -
Due to other SIC funds - - - - -
Due to Brokers - - - - -
Due to Tax Payers - - - 205,532,935 -
Due to Local Governments - - - 38,029,100 -
Unearned Revenue
-
- - - -
To tal lia bilities
-
- - 1,072,563,367 66,120
Deferred Inflow of Resources
Unavailable revenue - taxes
-
- - 64,136,350 -
Total deferred inflow of resources
-
- - 64,136,350 -
Fund Balance s
Unassigned - - - - -
Restricted
-
- 10,398,802 - -
To tal fund b ala nc es
-
- 10,398,802 - -
To tal lia bilities, de ferred inflo ws of
resources, and fund balances
-
- 10,398,802 1,136,699,717 66,120
SHARE system fund number 71600 71700 85700 85300 85100
32
State of New Mexico
Component Appropriation Funds
Schedule of Statutorily and Administratively Created Funds (including the Unaudited
Tobacco Settlement Permanent Fund & Tax Stabilization Fund) — Balance Sheets —
continued
June 30, 2023
Statutorily Created
Funds
Appropriation
Contingency
Reserve
General
Operating
Reserve
Excess Extraction Tax
Suspense
Tax
Stabilization
Reserve
Tobacco Settlement
Permanent
Elimina tio ns
Total
June 30, 2023
(Memorandum
Only)
Assets
Investment in State General Fund Investment Pool (Note 2) 69,011,093 491,435,727 813,780,788 - - - 1,831,664,756
Investments, State Investment Council - - - 2,396,166,843 346,469,446 - 2,742,636,289
Due from other state general fund accounts - 105,148,273 - - - (105,148,273) -
Due from other State Entities (Note 4) - - 336,043,785 723,853,059 - - 1,684,434,735
Due from Higher Education Universities - - - - - - 401,661
Due from the Tax Payers - - - - - - 64,136,350
Due from the Federal Government - - - - - - 66,120
Due from Component Units - - - - - - 543,793
Due from Local Governments
-
- - - - - 41,676
Total assets
69,011,093
596,584,000 1,149,824,573 3,120,019,902 346,469,446 (105,148,273) 6,323,925,380
Liabilities
Receipts held in suspense - - - - 13,000,000 - 13,000,000
Due to other State Entities - - 1,149,824,573 - - - 1,873,743,752
Due to other State General Fund accounts - - - - - (105,148,273) -
Due to other S IC funds - - - 378,744 47,159 - 425,903
Due to Brokers - - - 69,202,390 2,595,920 - 71,798,310
Due to Tax Payers - - - - - - 205,532,935
Due to Local Governments - - - - - - 38,029,100
Unearned Revenue
69,011,093
- - - - - 69,011,093
Tot al liab ilitie s
69,011,093
- 1,149,824,573 69,581,134 15,643,079 (105,148,273) 2,271,541,093
Deferred Inflow of Re sources
Unavailable revenue - taxes
-
- - - - - 64,136,350
Total deferred inflow of resources
-
- - - - - 64,136,350
Fund Balance s
Unassigned - 596,584,000 - - - - 596,584,000
Restricted
-
- - 3,050,438,768 330,826,367 - 3,391,663,937
To tal fund balanc es
-
596,584,000 - 3,050,438,768 330,826,367 - 3,988,247,937
Tot al liab ilitie s, d efer re d inflo ws of
resources, and fund balances
69,011,093
596,584,000 1,149,824,573 3,120,019,902 346,469,446 (105,148,273) 6,323,925,380
SHARE system fund number 85400 85200 20730 20950 95200
UNAUDITED*
Administratively
Created Funds
*NM State Investment Council (SIC)
33
State of New Mexico
Component Appropriation Funds
Schedule of Statutorily and Administratively Created Funds (including the Unaudited
Tobacco Settlement Permanent Fund & Tax Stabilization Fund — Revenues, Expenditures
and Changes in Fund Balances
For the Year Ended June 30, 2023
Statutorily Created Funds
Administratively
Created Funds
Commo n
School
Current
Current
School
State
Support
Reserve
Appropriation
Account
Federal
Mineral
Leasing
Revenue s
General and selective taxes - - - 4,809,020,548 -
Income taxes - - - 2,177,768,150 -
Severance taxes - - - 992,261,034 -
License fees - - - 60,653,905 -
Investment income - - - 181,381,304 -
Net increase in fair va lue of investments - - - - -
Rents and royalties - - - 78,163,246 3,192,349,433
Miscellaneous receipts
-
2,998,788 - 43,859,574 -
-
2,998,788 - 8,343,107,761 3,192,349,433
Expenditures
Appropriations
Higher education - - - 144,982,600 -
Grants to Public Schools
-
- 39,092,640 - -
Total expenditures
-
- 39,092,640 144,982,600 -
Excess (deficiency) of revenues
over expenditures
-
2,998,788 (39,092,640) 8,198,125,161 3,192,349,433
Other Financing Sources (Uses)
Transfers in - Sources 968,901,258 968,901,258 - 265,791,612 -
Transfers in - Higher Ed. Universities - - - 401,661 -
Transfers out - Appropriations - (971,900,046) - (7,825,407,144) (1,119,372,233)
Transfers out - Other (968,901,258) - - (829,001,332) (2,072,977,200)
Reversions
-
- - 190,090,042 -
Total other financing sources (uses)
-
(2,998,788) - (8,198,125,161) (3,192,349,433)
Net change in fund balance - - (39,092,640) - -
Fund balances - beginning of year
-
- 49,491,442 - -
Fund balances - end of year
-
- 10,398,802 - -
SHARE system fund numbers 71600 71700 85700 85300 85100
34
State of New Mexico
Component Appropriation Funds
Schedule of Statutorily and Administratively Created Funds (including the Unaudited
Tobacco Settlement Permanent Fund & Tax Stabilization Fund) — Revenues,
Expenditures and Changes in Fund Balances — continued
For the Year Ended June 30, 2023
Statutorily Created
Funds
Appropriation
Contingency
Reserve
General
Operating
Reserve
Excess Extraction
Tax Suspense
Tax
Stabilization
Reserve
Tobacco Settlement
Permanent
Total
June 30, 2023
(Memorandum
Only)
Revenues
General and selective taxes - - - - - 4,809,020,548
Income taxes - - - - - 2,177,768,150
Severance taxes - - 1,149,824,573 - - 2,142,085,607
License fees - - - - - 60,653,905
Investment income - - - 69,912,802 9,848,390 261,142,496
Net increa se in fair value of investments - - - (45,156,218) 8,614,941 (36,541,277)
Rents and royalties - - - - - 3,270,512,679
Miscellaneous receipts
-
- - - 23,637,356 70,495,718
Total revenues
-
- 1,149,824,573 24,756,584 42,100,687 12,755,137,826
Expenditure s
Appropriations
Higher education - - - - - 144,982,600
Grants to Public Schools
-
- - - - 39,092,640
Total expenditures
-
- - - - 184,075,240
Excess (deficiency) of revenues
over expenditures
-
- 1,149,824,573 24,756,584 42,100,687 12,571,062,586
Other Financing Sources (Uses)
Transfers in - Sources - 105,148,273 - 722,351,146 - 3,031,093,547
Transfers in - Higher Ed. Universities - - - - - 401,661
Transfers out - Appropriations (12,793,727) (74,396,273) - - - (10,003,869,423)
Transfers out - Other - - (1,149,824,573) - (11,520,191) (5,032,224,554)
Reversions
1,628,822
- - - - 191,718,864
Total other financing sources (uses)
(11,164,905)
30,752,000 (1,149,824,573) 722,351,146 (11,520,191) (11,812,879,905)
Net change in fund balance (11,164,905) 30,752,000 - 747,107,730 30,580,496 758,182,681
Fund balances - beginning of year
11,164,905
565,832,000 - 2,303,331,038 300,245,871 3,230,065,256
Fund balances - end of year
-
596,584,000 - 3,050,438,768 330,826,367 3,988,247,937
SHARE system fund numbers 85400 85200 20730 20950 95200
UNAUDITED*
Administratively
Created Funds
*NM State Investment Council (SIC)
35
State of New Mexico
Component Appropriation Funds
Schedule of Revenues by Source
For the Year Ended June 30, 2023
General
and Selective
Taxes
Income
Taxes
Severance
Taxes
License
Fees
Gross Receipts Tax 405601 3,953,679,473 - - -
Compensating Tax 405701 93,866,002 - - -
Bingo & Raffle Tax 406601 96,149 - - -
Cannabis Excise Tax 406401 22,093,870 - - -
Luxury Tax 409601 81,140,035 - - -
Alcohol Beverage Tax 406101 24,485,837 - - -
Insurance Tax 407101 390,850,112 - - -
Health Care Quality Surcharge 482302 136,489 - - -
Pari-Mutuel Tax 409201 98,281 - - -
Railroad Car Tax 408201 956,117 - - -
Motor Vehicle Excise Tax 406201 164,724,745 - - -
Gaming Tax 409801 72,062,476 - - -
Leased Vehicle Surcharge 413602 3,709,447 - - -
Gasoline Tax 407601 739,419 - - -
Telecommunications Relay Surcharge 413801 13,583 - - -
Boat Vehicle Excise Tax 406901 368,513 - - -
Withholding Tax 402101 - 183,429,844 - -
Regular Income Tax 402201 - 1,507,614,003 - -
Fiduciary Income Tax 402401 - 47,583,969
- -
Corporate Income Tax 402301 - 439,140,334 - -
Severance - School 404201 - - 1,987,797,290 -
Severance - Conservation 404501 - - 109,966,856 -
Resource Excise - Copper 405101 - - 5,813,512 -
Resource Excise - Potash 405201 - - 458,265 -
Resource Excise - Others 405401 - - 2,928,868 -
Severance - Processors 404401 - - 35,120,816 -
Other Registration Fees 417902 - - - 2,542,292
Other Penalties 461402 - - - 400,227
Trade & Professions Permits 416502 - - - 8,256,408
Blue Sky Filing Fees 418702 - - - 25,875
Gaming License and Permit Fees 416802 - - - 1,087,756
Public Utility Fees 408102 - - - 17,051,763
Corporate Filing Fees 418202 - - - 4,400,114
Alcohol and Gaming 406602 - - - 456,575
Other License & Permit Fees 416902 - - - 101,341
Pipeline fees 415102 - - - 202,382
Registrations & Certificates 411102 - - - 1,012
Trade & Professional Licenses 416402 - - - 26,128,160
Interest on Bank Deposits 441101 - - -
-
Interest on Investments 441201 - - - -
Land Royalties 492101 - - - -
Tribal Revenue Sharing 409701 - - - -
Court Fines & Forfeitures 461302 - - - -
Birth/Death Certificate Fees 418802 - - - -
Court Costs 429602 - - - -
Notary Public Fees 416302 - - - -
Miscellaneous Revenue 496902 - - - -
Other Fees 422902 - - - -
Unclaimed Property (GRT) 405801 - - - -
Workers Compensation Assessment Fees 496302 - - - -
Environment Department Fees 496402 - - - -
Traffic Violation Fees 461502 - - - -
Miscellaneous - Restitution Payments 496901 - - - -
Special Fuel Tax 407801 - - - -
911 Emergency Surcharge 408401 - - - -
Weight - Distance Tax 411602
-
- - -
Totals
4,809,020,548
2,177,768,150 2,142,085,607 60,653,905
36
State of New Mexico
Component Appropriation Funds
Schedule of Revenues by Source — continued
For the Year Ended June 30, 2023
Investment
Income
Rents and
Royalties
Miscellaneous
Receipts
Total
Gross Receipts Tax - - -
3,953,679,473$
Compensating Tax - - -
93,866,002
Bingo & Raffle Tax - - -
96,149
Cannabis Excise Tax - - -
22,093,870
Luxury Tax - - -
81,140,035
Alcohol Beverage Tax - - -
24,485,837
Insurance Tax - - -
390,850,112
Franchise Tax - - -
136,489
Pari-Mutuel Tax - - -
98,281
Railroad Car Tax - - -
956,117
Motor Vehicle Excise Tax - - -
164,724,745
Gaming Tax - - -
72,062,476
Leased Vehicle Surcharge - - -
3,709,447
Gasoline Tax - - -
739,419
Teleco mmunic a tions Re la y Surcharge - - -
13,583
Boat Vehicle Excise Tax - - -
368,513
Withholding Tax - - -
183,429,844
Regular Income Tax - - -
1,507,614,003
Fiduciary Income Tax - - -
47,583,969
Corporate Income Tax - - -
439,140,334
Severance - School - - -
1,987,797,290
Severance - Conservation - - -
109,966,856
Resource Excise - Copper - - -
5,813,512
Resource Excise - Potash - - -
458,265
Resource Excise - Others - - -
2,928,868
Severance - Processors - - -
35,120,816
Other Registration Fees - - -
2,542,292
Other Penalties - - -
400,227
Trade & Professions Permits - - -
8,256,408
Blue Sky Filing Fees - - -
25,875
Gaming License and Permit Fees - - -
1,087,756
Pub lic Utility Fees - - -
17,051,763
Corporate Filing Fees - - -
4,400,114
Alchohol and Gaming - - -
456,575
Other License & Permit Fees - - -
101,341
Pipeline fees - - -
202,382
Registrations & Certificates - - -
1,012
Trade & Professional Licenses - - -
26,128,160
Interest on Bank Deposits 3,001 - -
3,001
Interest on Investments 181,378,303 - -
181,378,303
Land Royalties - 3,192,349,433 -
3,192,349,433
Tribal Revenue Sharing - 78,163,246 -
78,163,246
Court Fines & Forfeitures - - 2,879,747
2,879,747
Birth/Death Certificate Fees - - 176
176
Court Costs - - 978,411
978,411
Notary Public Fees - - 923,339
923,339
Miscellaneous Revenue - - 30,105
30,105
Other Fees - - 100
100
Unclaimed Property (GRT) - - 36,587,129
36,587,129
Workers Compensation Assessment Fees - -
660,489
660,489
Environment Department Fees - - 996,876
996,876
Traffic Violation Fees - - 3,669,338
3,669,338
Miscellaneous - Restitution P ayments - - 556,181
556,181
Special Fuel Tax - - (403,151)
(403,151)
911 Emergency Surcharge - - (2,831)
(2,831)
Weight - Distance Tax
-
- (17,547)
(17,547)
Totals
181,381,304
3,270,512,679 46,858,362 12,688,280,555$
37
State of New Mexico
Component Appropriation Funds
Schedule of Appropriations
For the Year Ended June 30, 2023
SHARE
Agency Fund Section 4 Se ction 5 Other Appropriations
No. No. AGENCY NAM E Amounts Amount Chapte r, Se ction Amount Total
Laws of 2022
Chapter 54
11100 12900 LEGISLATIVE COUNCIL SERVICE - - Chapter 1, Section 3 7,450,900 7,450,900
11200 13000 LEGISLATIVE FINANCE COMMITTEE - - Chapter 1, Section 5 4,843,900 4,843,900
11400 74300 SENATE INTERIM - - Chapter 1, Section 8 1,875,700 1,875,700
11500 74400 HOUSE INTERIM - - Chapter 1, Section 7 1,803,100 1,803,100
11700 13100 LEGISLATIVE EDUCATION STUDY CO - - Chapter 1, Section 6 1,437,800 1,437,800
11900 13200 LEGISLATIVE BUILDING SERVICES 4,563,000 - - 4,563,000
13100 13300 LEGISLATURE - - - -
13101 20030 SENATE - - - -
13102 20040 HOUSE - - - -
Total - Legislative 4,563,000 - 17,411,400 21,974,400
20800 07600 NEW MEXICO COMPILATION COMM 529,900 - - 529,900
21000 13500 JUDICIAL STANDARDS COMMISSION 932,300 - - 932,300
21500 13700 COURT OF APPEALS 6,918,100 - 3SS, Chapter 3, Section 11 150,000 7,068,100
21600 13800 NEW MEXICO SUPREME COURT 6,882,100 - 3SS, Chapter 3, Section 11 150,000 7,032,100
21800 12400 ADMIN OFFICE OF THE COURTS 6,530,500 - 3SS, Chapter 3, Section 11 130,000 6,660,500
21800 13600 ADMIN OFFICE OF THE COURTS 27,500 - - 27,500
21800 13900 ADMIN OFFICE OF THE COURTS 13,236,700 - 3SS, Chapter 3, Section 11 250,000 13,486,700
21800 58300 ADMIN OFFICE OF THE COURTS 287,900 - - 287,900
21800 68170 ADMIN OFFICE OF THE COURTS 3,374,200 - - 3,374,200
21800 68900 ADMIN OFFICE OF THE COURTS 5,261,900 - - 5,261,900
21800 69200 ADMIN OFFICE OF THE COURTS 10,527,600 - 3SS, Chapter 3, Section 11 50,000 10,577,600
21801 01200 AOC STATEWIDE UNITS 1,110,500 - - 1,110,500
23100 14100 FIRST JUDICIAL DISTRICT COURT 11,191,900 - 3SS, Chapter 3, Section 2 & 11 80,000 11,271,900
23200 14200 SECOND JUDICIAL DISTRICT COURT 27,809,700 - 3SS, Chapter 3, Section 2 & 11 120,000 27,929,700
23300 14300 THIRD JUDICIAL DISTRICT COURT 10,664,500 - 3SS, Chapter 3, Section 2 & 11 150,000 10,814,500
23400 14400 FOURTH JUDICIAL DISTRICT COURT 4,157,100 - - 4,157,100
23500 14500 FIFTH JUDICIAL DISTRICT COURT 11,400,000 - 3SS, Chapter 3, Section 11 50,000 11,450,000
23600 14600 6TH JUDICIAL DISTRICT COURT 5,788,400 - - 5,788,400
23700 14700 SEVENTH DISTRICT COURT 4,230,600 - - 4,230,600
23800 14800 EIGHTH JUDICIAL DISTRICT COURT 5,010,600 - 3SS, Chapter 3, Section 11 80,000 5,090,600
23900 14900 NINTH JUDICIAL DISTRICT COURT 5,422,100 - - 5,422,100
24000 15000 TENTH JUDICIAL DISTRICT COURT 1,905,300 - - 1,905,300
24100 15100 ELEVENTH JUDICIAL DIST. COURT 9,394,300 - 3SS, Chapter 3, Section 2 & 11 210,000 9,604,300
24100 33500 ELEVENTH JUDICIAL DIST. COURT 1,900,000 - 3SS, Chapter 3, Section 11 120,000 2,020,000
24200 15200 TWELFTH JUDICIAL DISTRICT CT. 5,388,400 - - 5,388,400
24200 71920 TWELFTH JUDICIAL DISTRICT CT. 41,400 - - 41,400
24200 92900 TWELFTH JUDICIAL DISTRICT CT. 66,200 - - 66,200
24300 15300 THIRTEENTH JUDICIAL DIST. CT. 11,587,600 - - 11,587,600
24400 15400 BERNALILLO COUNTY METRO COURT 26,177,900 - - 26,177,900
25100 15500 FIRST JUDICIAL DIST. ATTORNEY 6,926,800 - - 6,926,800
25200 15600 SECOND JUDICIAL DISTRICT DA 26,047,300 - - 26,047,300
25300 15700 THIRD JUDICIAL DIST. ATTORNEY 5,704,400 - - 5,704,400
25400 15800 FOURTH JUDICIAL DISTRICT DA 3,791,500 - - 3,791,500
25500 15900 FIFTH JUDICIAL DISTRICT DA 6,509,900 - 3SS, Chapter 3, Section 11 125,000 6,634,900
25600 16000 SIXTH JUDICIAL DISTRICT DA 3,541,100 - 3SS, Chapter 3, Section 2 100,000 3,641,100
25700 16100 SEVENTH JUDICIAL DIST ATTORNEY 3,071,100 - - 3,071,100
25800 16200 EIGHTH JUDICAL DISTRICT DA 3,408,900 - - 3,408,900
25900 16300 NINTH JUDICIAL DISTRICT DA 3,847,200 - - 3,847,200
26000 16400 TENTH JUDICIAL DISTRICT DA 1,695,800 - - 1,695,800
26100 16500 11TH JUDICIAL DIST. ATTORNEY 5,722,300 - - 5,722,300
26200 16600 TWELFTH JUDICIAL DISTRICT DA 4,036,300 -
- 4,036,300
26300 16700 THIRTEENTH JUDICIAL DIST. DA 6,639,000 - - 6,639,000
26400 11180 ADMIN OFFICE OF THE DAS - - - -
26400 16800 ADMIN OFFICE OF THE DAS 2,671,000 - 3SS, Chapter 3, Section 11 125,000 2,796,000
26500 16900 ELEVENTH JUDICIAL DA II 3,052,100 - - 3,052,100
28000 17510 PUBLIC DEFENDER 60,800,000 200,000 - 61,000,000
Total - Judicial 345,219,900 200,000 1,890,000 347,309,900
30500 17000 OFFICE OF THE ATTORNEY GENERAL 13,519,300 - 3SS, Chapter 3, Section 12 150,000 13,669,300
30500 27800 OFFICE OF THE ATTORNEY GENERAL 800,100 - - 800,100
38
State of New Mexico
Component Appropriation Funds
Schedule of Appropriations — continued
For the Year Ended June 30, 2023
SHARE Total
Age ncy Fund S ection 5 Se c tion 6 Othe r Appropriations Appropriations
No. No. AGENCY NAME Amount Amount Chapte r, Section Amount Fiscal Ye ar 2023
Laws of 2023
Chapter 210
11100 12900 LEGISLATIVE COUNCIL SERVICE - - Chapter 1, Section 3 & Chapter 208, Section 1 1,295,000 8,745,900
11200 13000 LEGISLATIVE FINANCE COMMITTEE - - - 4,843,900
11400 74300 SENATE INTERIM - - - 1,875,700
11500 74400 HOUSE INTERIM - - - 1,803,100
11700 13100 LEGISLATIVE EDUCATION STUDY CO - - - 1,437,800
11900 13200 LEGISLATIVE BUILDING SERVICES - - - 4,563,000
13100 13300 LEGISLATURE 3,000,000 - Chapter 1, Section 1 & Section 4 23,434,600 26,434,600
13101 20030 SENATE - - Chapter 1, Section 1 5,963,800 5,963,800
13102 20040 HOUSE - - Chapter 1, Section 1 4,227,900 4,227,900
Total - Legislative 3,000,000 - 34,921,300 59,895,700
20800 07600 NEW MEXICO COMPILATION COMM - - - 529,900
21000 13500 JUDICIAL STANDARDS COMMISSION - - - 932,300
21500 13700 COURT OF APPEALS 130,000 107,100 Chapter 208, Section 2 375,000 7,680,200
21600 13800 NEW MEXICO SUPREME COURT 3,210,000 - Chapter 208, Section 2 150,000 10,392,100
21800 12400 ADMIN OFFICE OF THE COURTS - - Chapter 208, Section 2 75,000 6,735,500
21800 13600 ADMIN OFFICE OF THE COURTS - - - 27,500
21800 13900 ADMIN OFFICE OF THE COURTS - - Chapter 208, Section 2 200,000 13,686,700
21800 58300 ADMIN OFFICE OF THE COURTS - - - 287,900
21800 68170 ADMIN OFFICE OF THE COURTS - - - 3,374,200
21800 68900 ADMIN OFFICE OF THE COURTS 17,060,000 - Chapter 208, Section 2 500,000 22,821,900
21800 69200 ADMIN OFFICE OF THE COURTS 3,000,000 - - 13,577,600
21801 01200 AOC STATEWIDE UNITS - - - 1,110,500
23100 14100 FIRST JUDICIAL DISTRICT COURT - - - 11,271,900
23200 14200 SECOND JUDICIAL DISTRICT COURT - 331,300 - 28,261,000
23300 14300 THIRD JUDICIAL DISTRICT COURT - 155,600 - 10,970,100
23400 14400 FOURTH JUDICIAL DISTRICT COURT - - - 4,157,100
23500 14500 FIFTH JUDICIAL DISTRICT COURT - - - 11,450,000
23600 14600 6TH JUDICIAL DISTRICT COURT - 52,900 - 5,841,300
23700 14700 SEVENTH DISTRICT COURT - - - 4,230,600
23800 14800 EIGHTH JUDICIAL DISTRICT COURT - 42,300 Chapter 208, Section 2 85,000 5,217,900
23900 14900 NINTH JUDICIAL DISTRICT COURT - - - 5,422,100
24000 15000 TENTH JUDICIAL DISTRICT COURT - 39,600 - 1,944,900
24100 15100 ELEVENTH JUDICIAL DIST. COURT - 60,500 - 9,664,800
24100 33500 ELEVENTH JUDICIAL DIST. COURT - - - 2,020,000
24200 15200 TWELFTH JUDICIAL DISTRICT CT. - 51,700 - 5,440,100
24200 71920 TWELFTH JUDICIAL DISTRICT CT. - - - 41,400
24200 92900 TWELFTH JUDICIAL DISTRICT CT. - - - 66,200
24300 15300 THIRTEENTH JUDICIAL DIST. CT. - 101,500 - 11,689,100
24400 15400 BERNALILLO COUNTY METRO COURT - - - 26,177,900
25100 15500 FIRST JUDICIAL DIST. ATTORNEY 360,000 - - 7,286,800
25200 15600 SECOND JUDICIAL DISTRICT DA - - - 26,047,300
25300 15700 THIRD JUDICIAL DIST. ATTORNEY - - - 5,704,400
25400 15800 FOURTH JUDICIAL DISTRICT DA - - - 3,791,500
25500 15900 FIFTH JUDICIAL DISTRICT DA - - - 6,634,900
25600 16000 SIXTH JUDICIAL DISTRICT DA - - - 3,641,100
25700 16100 SEVENTH JUDICIAL DIST ATTORNEY - - - 3,071,100
25800 16200 EIGHTH JUDICAL DISTRICT DA - - - 3,408,900
25900 16300 NINTH JUDICIAL DISTRICT DA - - - 3,847,200
26000 16400 TENTH JUDICIAL DISTRICT DA - -
- 1,695,800
26100 16500 11TH JUDICIAL DIST. ATTORNEY - 60,000 - 5,782,300
26200 16600 TWELFTH JUDICIAL DISTRICT DA - - - 4,036,300
26300 16700 THIRTEENTH JUDICIAL DIST. DA - - - 6,639,000
26400 11180 ADMIN OFFICE OF THE DAS 250,000 - - 250,000
26400 16800 ADMIN OFFICE OF THE DAS - - - 2,796,000
26500 16900 ELEVENTH JUDICIAL DA II - - - 3,052,100
28000 17510 PUBLIC DEFENDER - - - 61,000,000
Total - Judicial 24,010,000 1,002,500 - 1,385,000 373,707,400
30500 17000 OFFICE OF THE ATTORNEY GENERAL - - - 13,669,300
30500 27800 OFFICE OF THE ATTORNEY GENERAL - - - 800,100
39
State of New Mexico
Component Appropriation Funds
Schedule of Appropriations — continued
For the Year Ended June 30, 2023
SHARE
Agency Fund Section 4 Section 5 Other Appropriations
No. No. AGENCY NAM E Amounts Amount Chapte r, Se ction Amount Total
Laws of 2022
Chapter 54
30800 11100 OFFICE OF THE STATE AUDITOR 3,459,100 - - 3,459,100
33300 17200 TAX AND REVENUE DEPARTMENT 68,026,300 527,000 - 68,553,300
34000 71820 ADMINISTRATIVE HEARINGS OFFICE 1,855,700 - - 1,855,700
34100 00900 DEPARTMENT OF FINANCE & ADMIN - - - -
34100 01000 DEPARTMENT OF FINANCE & ADMIN 18,138,100 - - 18,138,100
34100 10780 DEPARTMENT OF FINANCE & ADMIN 17,700 - - 17,700
34100 20130 DEPARTMENT OF FINANCE & ADMIN 5,000,000 - - 5,000,000
34100 20900 DEPARTMENT OF FINANCE & ADMIN 2,500,000 - - 2,500,000
34100 21000 DEPARTMENT OF FINANCE & ADMIN 109,900 - - 109,900
34100 21460 DEPARTMENT OF FINANCE & ADMIN - - Executive Orders 2,250,000 2,250,000
34100 22260 DEPARTMENT OF FINANCE & ADMIN - 2,000,000 - 2,000,000
34100 61800 DEPARTMENT OF FINANCE & ADMIN 120,000 - - 120,000
34100 62000 DEPARTMENT OF FINANCE & ADMIN - 2,500,000 Chapter 54, Section 8, 9, 10 & 3SS, Chapter 3, Section 3 & 12 268,028,100 270,528,100
34100 62400 DEPARTMENT OF FINANCE & ADMIN 3,420,100 - - 3,420,100
34100 71980 DEPARTMENT OF FINANCE & ADMIN - - - -
34100 73600 DEPARTMENT OF FINANCE & ADMIN - - - -
34100 82920 DEPARTMENT OF FINANCE & ADMIN - - - -
35000 17400 GENERAL SERVICES DEPARTMENT 17,308,500 - - 17,308,500
35000 41700 GENERAL SERVICES DEPARTMENT 533,200 - - 533,200
35000 56100 GENERAL SERVICES DEPARTMENT - - - -
35000 75200 GENERAL SERVICES DEPARTMENT - - - -
35400 34700 NM SENTENCING COMMISSION 1,388,600 2,000,000 - 3,388,600
35600 17600 GOVERNOR'S OFFICE 5,078,300 - - 5,078,300
35600 20820 GOVERNOR'S OFFICE 96,000 - - 96,000
36000 17700 LIEUTENANT GOVERNOR'S OFFICE 584,900 - - 584,900
36100 20370 DEPT OF INFORMATION TECHNOLOGY 1,618,600 - - 1,618,600
36100 68390 DEPT OF INFORMATION TECHNOLOGY 813,000 - - 813,000
36600 35180 PUBLIC EMPLOYEES RETIRE ASSOC 49,800 - - 49,800
36900 17900 STATE RECORDS CENTER/ARCHIVES 2,515,200 - - 2,515,200
37000 18000 SECRETARY OF STATE 6,984,700 - - 6,984,700
37000 40260 SECRETARY OF STATE - - 3SS, Chapter 3, Section 12 300,000 300,000
37000 68180 SECRETARY OF STATE 6,928,700 - - 6,928,700
37800 18100 STATE PERSONNEL BOARD 3,834,100 - 3SS, Chapter 3, Section 12 50,000 3,884,100
37900 84800 PUBLIC EMPLOYEE LABOR RELATION 255,100 - - 255,100
39400 18200 STATE TREASURER'S OFFICE 3,992,600 - - 3,992,600
Total - General Control 168,947,600 7,027,000 270,778,100 446,752,700
41000 20780 DEPT OF ETHICS COMMISSION 1,193,500 - - 1,193,500
41700 48000 BORDER AUTHORITY 438,400 - - 438,400
41800 18800 NM TOURISM DEPT. 19,386,700 650,000 3SS, Chapter 3, Section 13 350,000 20,386,700
41900 18900 ECONOMIC DEVELOPMENT DEPT. 10,663,800 250,000 3SS, Chapter 3, Section 4 440,000 11,353,800
41900 20960 ECONOMIC DEVELOPMENT DEPT. 272,600 - 3SS, Chapter 3, Section 4 160,000 432,600
41900 21140 ECONOMIC DEVELOPMENT DEPT. - - 3SS, Chapter 3, Section 4 255,000 255,000
41900 43180 ECONOMIC DEVELOPMENT DEPT. - 50,000,000 - 50,000,000
41900 63800 ECONOMIC DEVELOPMENT DEPT. 6,000,000 6,000,000 - 12,000,000
42000 43300 REGULATION & LICENSING DEPT 15,662,300 - 3SS, Chapter 3, Section 4 & 13 260,000 15,922,300
43000 55000 PUBLIC REGULATION COMMISSION 10,494,000 - - 10,494,000
44000 11690 SUPERINTENDENT OF INSURANCE - - 3SS, Chapter 3, Section 13 550,000 550,000
44000 11850 SUPERINTENDENT OF INSURANCE - - - -
44000 21890 SUPERINTENDENT OF INSURANCE - - - -
46000 19100 STATE FAIR - - - -
46000 21120 STATE FAIR 200,000 -
- 200,000
40
State of New Mexico
Component Appropriation Funds
Schedule of Appropriations — continued
For the Year Ended June 30, 2023
SHARE Total
Age ncy Fund Se ction 5 Se ction 6 Othe r Appropriations Appropriations
No. No. AGENCY NAME Amount Amount Chapter, Se ction Amount Fiscal Year 2023
Laws of 2023
Chapter 210
30800 11100 OFFICE OF THE STATE AUDITOR - - - 3,459,100
33300 17200 TAX AND REVENUE DEPARTMENT 8,374,200 - - 76,927,500
34000 71820 ADMINISTRATIVE HEARINGS OFFICE - - - 1,855,700
34100 00900 DEPARTMENT OF FINANCE & ADMIN 71,636,400 - - 71,636,400
34100 01000 DEPARTMENT OF FINANCE & ADMIN - - - 18,138,100
34100 10780 DEPARTMENT OF FINANCE & ADMIN - - - 17,700
34100 20130 DEPARTMENT OF FINANCE & ADMIN - - - 5,000,000
34100 20900 DEPARTMENT OF FINANCE & ADMIN - - - 2,500,000
34100 21000 DEPARTMENT OF FINANCE & ADMIN - - - 109,900
34100 21460 DEPARTMENT OF FINANCE & ADMIN - - - 2,250,000
34100 22260 DEPARTMENT OF FINANCE & ADMIN - - - 2,000,000
34100 61800 DEPARTMENT OF FINANCE & ADMIN - - - 120,000
34100 62000 DEPARTMENT OF FINANCE & ADMIN 149,773,000 300,000
Chapter 208, Sec tion 3
21,800,000 442,401,100
34100 62400 DEPARTMENT OF FINANCE & ADMIN 1,000,000 -
Chapter 208, Sec tion 3
1,205,000 5,625,100
34100 71980 DEPARTMENT OF FINANCE & ADMIN - -
Chapter 2, Section 2
100,000,000 100,000,000
34100 73600 DEPARTMENT OF FINANCE & ADMIN 8,200,000 - - 8,200,000
34100 82920 DEPARTMENT OF FINANCE & ADMIN 32,500,000 - - 32,500,000
35000 17400 GENERAL SERVICES DEPARTMENT 1,600,000 - - 18,908,500
35000 41700 GENERAL SERVICES DEPARTMENT - - - 533,200
35000 56100 GENERAL SERVICES DEPARTMENT - 319,300 - 319,300
35000 75200 GENERAL SERVICES DEPARTMENT - 34,540,000 - 34,540,000
35400 34700 NM SENTENCING COMMISSION - - - 3,388,600
35600 17600 GOVERNOR'S OFFICE - - - 5,078,300
35600 20820 GOVERNOR'S OFFICE - - - 96,000
36000 17700 LIEUTENANT GOVERNOR'S OFFICE - - - 584,900
36100 20370 DEPT OF INFORMATION TECHNOLOGY - - - 1,618,600
36100 68390 DEPT OF INFORMATION TECHNOLOGY - - - 813,000
36600 35180 PUBLIC EMPLOYEES RETIRE ASSOC - - - 49,800
36900 17900 STATE RECORDS CENTER/ARCHIVES 66,600 - - 2,581,800
37000 18000 SECRETARY OF STATE - 160,000 - 7,144,700
37000 40260 SECRETARY OF STATE - - - 300,000
37000 68180 SECRETARY OF STATE 15,000,000 - - 21,928,700
37800 18100 STATE PERSONNEL BOARD - - - 3,884,100
37900 84800 PUBLIC EMPLOYEE LABOR RELATION - - - 255,100
39400 18200 STATE TREASURER'S OFFICE - - Chapter 208, Section 3 75,000 4,067,600
Total - General Control 288,150,200 35,319,300 123,080,000 893,302,200
41000 20780 DEPT OF ETHICS COMMISSION - - - 1,193,500
41700 48000 BORDER AUTHORITY - - - 438,400
41800 18800 NM TOURISM DEPT. - - - 20,386,700
41900 18900 ECONOMIC DEVELOPMENT DEPT. 6,000,000 - Chapter 208, Section 4 630,000 17,983,800
41900 20960 ECONOMIC DEVELOPMENT DEPT. - - Chapter 208, Section 4 175,000 607,600
41900 21140 ECONOMIC DEVELOPMENT DEPT. 1,000,000 - - 1,255,000
41900 43180 ECONOMIC DEVELOPMENT DEPT. 6,500,000 - Chapter 208, Section 4 150,000 56,650,000
41900 63800 ECONOMIC DEVELOPMENT DEPT. 3,000,000 - - 15,000,000
42000 43300 REGULATION & LICENSING DEPT 785,000 - Chapter 208, Section 4 2,000,000 18,707,300
43000 55000 PUBLIC REGULATION COMMISSION - - - 10,494,000
44000 11690 SUPERINTENDENT OF INSURANCE - - Chapter 208, Section 4 395,000 945,000
44000 11850 SUPERINTENDENT OF INSURANCE 32,500,000 - Chapter 208, Section 4 15,400,000 47,900,000
44000 21890 SUPERINTENDENT OF INSURANCE 750,000 - Chapter 208, Section 4 75,000 825,000
46000 19100 STATE FAIR - 1,250,000 - 1,250,000
46000 21120 STATE FAIR - - - 200,000
41
State of New Mexico
Component Appropriation Funds
Schedule of Appropriations — continued
For the Year Ended June 30, 2023
SHARE
Agency Fund Section 4 Se ction 5 Other Appropriations
No. No. AGENCY NAM E Amounts Amount Chapte r, Se ction Amount Total
Laws of 2022
Chapter 54
46500 53600 NM GAMING CONTROL BOARD 5,883,300 - - 5,883,300
46900 19200 NM STATE RACING COMMISSION 2,476,700 - - 2,476,700
49000 N/A CUMBRES AND TOLTEC 362,800 - - 362,800
49100 74800 MILITARY HOMEBASE PLANNING 296,200 - - 296,200
49500 87100 SPACEPORT AUTHORITY 3,790,900 - - 3,790,900
Total - Commerce and Industry 77,121,200 56,900,000 2,015,000 136,036,200
50500 19300 DEPARTMENT OF CULTURAL AFFAIRS 35,422,500 - 3SS, Chapter 3, Section 14 300,000 35,722,500
50500 59100 DEPARTMENT OF CULTURAL AFFAIRS - - - -
50500 69800 DEPARTMENT OF CULTURAL AFFAIRS - - Chapter 53, Capital AIPP 166,348 166,348
50800 12130 LIVESTOCK BOARD - - 3SS, Chapter 3, Section 14 350,000 350,000
50800 39500 LIVESTOCK BOARD 3,182,500 - - 3,182,500
51600 19800 DEPARTMENT OF GAME & FISH - - - -
52100 19900 ENERGY, MINERALS & RESOURCES 17,593,300 - 3SS, Chapter 3, Section 5 & 14 715,000 18,308,300
52100 20010 ENERGY, MINERALS & RESOURCES 9,469,200 - 3SS, Chapter 3, Section 5 & 14 200,000 9,669,200
52100 21300 ENERGY, MINERALS & RESOURCES - - Executive Orders 1,500,000 1,500,000
53800 82900 INTER TRIBAL CEREMONIAL 322,000 - - 322,000
55000 21400 OFFICE OF STATE ENGINEER 24,996,600 - 3SS, Chapter 3, Section 5 & 14 1,040,000 26,036,600
Total - Agriculture, Energy and Natural Resources 90,986,100 - 4,271,348 95,257,448
60100 04300 COMMISSION ON WOMEN STATUS - - - -
60300 28400 OFFICE OF AFRICAN AMER AFFAIRS 909,600 - 3SS, Chapter 3, Section 6 & 15 100,000 1,009,600
60400 04600 COMM FOR DEAF & HARD OF HEARIN 1,186,200 - 3SS, Chapter 3, Section 6 100,000 1,286,200
60500 06000 MARTIN LUTHER KING JR. COMM 327,900 - - 327,900
60600 04700 NM COMMISSION FOR THE BLIND 2,303,600 - - 2,303,600
60900 04800 INDIAN AFFAIRS DEPARTMENT 3,479,900 - 3SS, Chapter 3, Section 6 & 15 980,000 4,459,900
60900 93100 INDIAN AFFAIRS DEPARTMENT - - Chapter 53, Section 47 25,110,702 25,110,702
61100 20790 EARLY CHILDHOOD ED & CARE DEPT 67,939,000 - - 67,939,000
61100 21110 EARLY CHILDHOOD ED & CARE DEPT 49,498,300 - - 49,498,300
61100 40270 EARLY CHILDHOOD ED & CARE DEPT 34,153,400 - - 34,153,400
61100 67990 EARLY CHILDHOOD ED & CARE DEPT 43,521,900 - - 43,521,900
62400 04900 AGING AND LONG TERM SERVICES 51,443,000 600,000 1,515,000 53,558,000
62400 93100 AGING AND LONG TERM SERVICES - - Chapter 53, Section 46 200,000 200,000
63000 05200 HUMAN SERVICES DEPARTMENT 136,921,400 4,837,373 3SS, Chapter 3, Section 15 100,000 141,858,773
63000 97500 HUMAN SERVICES DEPARTMENT 20,200,900 - - 20,200,900
63000 97600 HUMAN SERVICES DEPARTMENT 1,185,902,900 - - 1,185,902,900
63100 32900 WORKFORCE SOLUTIONS DEPARTMENT 9,849,900 - 3SS, Chapter 3, Section 6 & 15 270,000 10,119,900
63100 71970 WORKFORCE SOLUTIONS DEPARTMENT - - - -
64400 20570 DIVISION OF VOCATIONAL REHAB 642,200 - - 642,200
64400 50000 DIVISION OF VOCATIONAL REHAB 5,825,500 - 3SS, Chapter 3, Section 15 90,000 5,915,500
64500 05800 GOVERNOR'S COMM. ON DISABILITY 1,389,000 - - 1,389,000
64700 07900 DEV DISABILITIES COUNCIL 7,543,400 - - 7,543,400
66500 06100 DEPARTMENT OF HEALTH 177,505,400 40,000,000 3SS, Chapter 3, Section 15 2,210,000 219,715,400
66500 20480 DEPARTMENT OF HEALTH 4,050,000 - - 4,050,000
66500 25700 DEPARTMENT OF HEALTH 1,586,300 - - 1,586,300
66500 40170 DEPARTMENT OF HEALTH 157,705,900 - - 157,705,900
66500 75600 DEPARTMENT OF HEALTH 2,737,200 - - 2,737,200
66500 95810 DEPARTMENT OF HEALTH 31,300 - - 31,300
66700 06400 NM ENVIRONMENT DEPARTMENT 18,572,400 1,525,000 3SS, Chapter 3, Section 6 & 15 790,000 20,887,400
66700 33700 NM ENVIRONMENT DEPARTMENT - - - -
66800 49300 NATURAL RESOURCES TRUSTEE 623,600 - - 623,600
67000 06500 DEPARTMENT O F VETERAN S SERVICE 5 ,696,800 - 3SS, C hapter 3, Section 15 325,000 6,021,800
69000 06700 CHILDREN, YOUTH & FAMILY DEPT 203,580,100 500,000 3SS, Chapter 3, Section 6
& 15 2,005,000 206,085,100
69000 20090 CHILDREN, YOUTH & FAMILY DEPT 1,460,400 - - 1,460,400
69000 48900 CHILDREN, YOUTH & FAMILY DEPT 24,704,100 - - 24,704,100
69000 78000 CHILDREN, YOUTH & FAMILY DEPT 204,600 - - 204,600
69000 84100 CHILDREN, YOUTH & FAMILY DEPT 80,000 - - 80,000
Total - Health, Hospitals and Human Se rvice s 2,221,576,100 47,462,373 33,795,702 2,302,834,175
70500 07000 MILITARY AFFAIRS DEPARTMENT - - Executive Orders 2,500,000 2,500,000
70500 93200 MILITARY AFFAIRS DEPARTMENT 835,000 - - 835,000
70500 99200 MILITARY AFFAIRS DEPARTMENT 6,754,800 250,000 - 7,004,800
76000 90500 ADULT PAROLE BOARD 605,300 - - 605,300
76500 90600 JUVENILE PUBLIC SAFETY ADV BRD 7,600 - - 7,600
77000 90200 CORRECTIONS DEPARTMENT 24,865,500 - - 24,865,500
77000 90700 CORRECTIONS DEPARTMENT 277,058,900 - - 277,058,900
77000 91500 CORRECTIONS DEPARTMENT 24,784,700 - - 24,784,700
78000 90900 CRIME VICTIMS REPARATION COMM 9,031,000 1,500,000 3SS, Chapter 3, Section 7 1,275,000 11,806,000
42
State of New Mexico
Component Appropriation Funds
Schedule of Appropriations — continued
For the Year Ended June 30, 2023
SHARE Total
Age ncy Fund Se c tio n 5 Se ction 6 Othe r Appropriations Appropriations
No. No. AGENCY NAM E Amount Amount Chapte r, Se ction Amount Fiscal Year 2023
Laws of 2023
Chapter 210
46500 53600 NM GAMING CONTROL BOARD - - - 5,883,300
46900 19200 NM STATE RACING COMMISSION - - - 2,476,700
49000 N/A CUMBRES AND TOLTEC - - - 362,800
49100 74800 MILITARY HOMEBASE PLANNING - - - 296,200
49500 87100 SPACEPORT AUTHORITY - - - 3,790,900
Total - Commerce and Industry 50,535,000 1,250,000 18,825,000 206,646,200
50500 19300 DEPARTMENT OF CULTURAL AFFAIRS 6,000,000 - Chapter 208, Section 5 & Chapter 210, Section 10 12,510,000 54,232,500
50500 59100 DEPARTMENT OF CULTURAL AFFAIRS 15,000,000 - - 15,000,000
50500 69800 DEPARTMENT OF CULTURAL AFFAIRS - - - 166,348
50800 12130 LIVESTOCK BOARD - - Chapter 208, Section 5 325,000 675,000
50800 39500 LIVESTOCK BOARD 340,400 - - 3,522,900
51600 19800 DEPARTMENT OF GAME & FISH 7,000,000 - - 7,000,000
52100 19900 ENERGY, MINERALS & RESOURCES - - - 18,308,300
52100 20010 ENERGY, MINERALS & RESOURCES - - - 9,669,200
52100 21300 ENERGY, MINERALS & RESOURCES - - Executive Orders 10,500,000 12,000,000
53800 82900 INTER TRIBAL CEREMONIAL - - - 322,000
55000 21400 OFFICE OF STATE ENGINEER 68,000,000 - Chapter 208, Section 5 375,000 94,411,600
Total - Agriculture, Energy and Natural Resources 96,340,400 - 23,710,000 215,307,848
60100 04300 COMMISSION ON WOMEN STATUS 125,000 - Chapter 208, Section 6 75,000 200,000
60300 28400 OFFICE OF AFRICAN AMER AFFAIRS - - - 1,009,600
60400 04600 COMM FOR DEAF & HARD OF HEARIN - - - 1,286,200
60500 06000 MARTIN LUTHER KING JR. COMM - - - 327,900
60600 04700 NM COMMISSION FOR THE BLIND - - - 2,303,600
60900 04800 INDIAN AFFAIRS DEPARTMENT - - - 4,459,900
60900 93100 INDIAN AFFAIRS DEPARTMENT - - - 25,110,702
61100 20790 EARLY CHILDHOOD ED & CARE DEPT - - - 67,939,000
61100 21110 EARLY CHILDHOOD ED & CARE DEPT - - - 49,498,300
61100 40270 EARLY CHILDHOOD ED & CARE DEPT - - - 34,153,400
61100 67990 EARLY CHILDHOOD ED & CARE DEPT - - - 43,521,900
62400 04900 AGING AND LONG TERM SERVICES - - Chapter 208, Section 6 580,000 54,138,000
62400 93100 AGING AND LONG TERM SERVICES - - - 200,000
63000 05200 HUMAN SERVICES DEPARTMENT 1,520,200 - Chapter 208, Section 6 955,000 144,333,973
63000 97500 HUMAN SERVICES DEPARTMENT 15,000,000 - Chapter 208, Section 6 80,000 35,280,900
63000 97600 HUMAN SERVICES DEPARTMENT 60,000,000 - - 1,245,902,900
63100 32900 WORKFORCE SOLUTIONS DEPARTMENT - - Chapter 208, Section 6 400,000 10,519,900
63100 71970 WORKFORCE SOLUTIONS DEPARTMENT - - Chapter 208, Section 6 15,400,000 15,400,000
64400 20570 DIVISION OF VOCATIONAL REHAB - - - 642,200
64400 50000 DIVISION OF VOCATIONAL REHAB - - - 5,915,500
64500 05800 GOVERNOR'S COMM. ON DISABILITY - - - 1,389,000
64700 07900 DEV DISABILITIES COUNCIL 250,000 - Chapter 208, Section 6 150,000 7,943,400
66500 06100 DEPARTMENT OF HEALTH 825,500 - - 220,540,900
66500 20480 DEPARTMENT OF HEALTH - - - 4,050,000
66500 25700 DEPARTMENT OF HEALTH - - - 1,586,300
66500 40170 DEPARTMENT OF HEALTH - - - 157,705,900
66500 75600 DEPARTMENT OF HEALTH - - - 2,737,200
66500 95810 DEPARTMENT OF HEALTH - - - 31,300
66700 06400 NM ENVIRONMENT DEPARTMENT - - - 20,887,400
66700 33700 NM ENVIRONMENT DEPARTMENT 10,000,000 - - 10,000,000
66800 49300 NATURAL RESOURCES TRUSTEE - - - 623,600
67000 06500 DEPARTMENT OF VETERANS SERVICE 800,000 - Chapter 208, Section 6 15
0,000 6,971,800
69000 06700 CHILDREN, YOUTH & FAMILY DEPT - - Chapter 208, Section 6 825,000 206,910,100
69000 20090 CHILDREN, YOUTH & FAMILY DEPT - - - 1,460,400
69000 48900 CHILDREN, YOUTH & FAMILY DEPT - - - 24,704,100
69000 78000 CHILDREN, YOUTH & FAMILY DEPT - - - 204,600
69000 84100 CHILDREN, YOUTH & FAMILY DEPT - - - 80,000
Total - Health, Hospitals and Human Services 88,520,700 - 18,615,000 2,409,969,875
70500 07000 MILITARY AFFAIRS DEPARTMENT - - - 2,500,000
70500 93200 MILITARY AFFAIRS DEPARTMENT - - - 835,000
70500 99200 MILITARY AFFAIRS DEPARTMENT - - - 7,004,800
76000 90500 ADULT PAROLE BOARD - - - 605,300
76500 90600 JUVENILE PUBLIC SAFETY ADV BRD - - - 7,600
77000 90200 CORRECTIONS DEPARTMENT - - - 24,865,500
77000 90700 CORRECTIONS DEPARTMENT 21,000,000 - - 298,058,900
77000 91500 CORRECTIONS DEPARTMENT - - - 24,784,700
78000 90900 CRIME VICTIMS REPARATION COMM - - - 11,806,000
43
State of New Mexico
Component Appropriation Funds
Schedule of Appropriations — continued
For the Year Ended June 30, 2023
SHARE
Agency Fund Section 4 Section 5 Other Appropriations
No. No. AGEN CY NAM E Amounts Amount Chapte r, Se ction Amount Total
Laws of 2022
Chapter 54
79000 12800 DEPARTMENT OF PUBLIC SAFETY 144,286,700 650,000 3SS, Chapter 3, Section 7 & 16 360,000 145,296,700
79500 20050 HOMELAND SEC. & EMERG. MGMT. 3,307,300 - - 3,307,300
79500 20380 HOMELAND SEC. & EMERG. MGMT. - - Executive Orders 3,840,000 3,840,000
79500 56410 HOMELAND SEC. & EMERG. MGMT. - - - -
Total - Public Safety 491,536,800 2,400,000 7,975,000 501,911,800
80500 20100 DEPARTMENT OF TRANSPORTATION - - Executive Orders 17,250,000 17,250,000
80500 93100 DEPARTMENT OF TRANSPORTATION - - Chapter 54, Section 9, Chapter 53 Section 48 & 3SS, Chapter 3, Section 8 & 17. 354,065,000 354,065,000
Total - Transportation - - 371,315,000 371,315,000
92400 05700 PUBLIC EDUCATION DEPARTMENT 19,463,400 - - 19,463,400
92400 79000 PUBLIC EDUCATION DEPARTMENT 37,250,000 - - 37,250,000
Total - Other Education 56,713,400 - - 56,713,400
95000 21190 NM HIGHER EDUCATION DEPARTMENT 12,000,000 - - 12,000,000
95000 21440 NM HIGHER EDUCATION DEPARTMENT 96,000 - - 96,000
95000 21600 NM HIGHER EDUCATION DEPARTMENT 20,933,500 - - 20,933,500
95000 27100 NM HIGHER EDUCATION DEPARTMENT - - - -
95000 47910 NM HIGHER EDUCATION DEPARTMENT - - - -
95000 47920 NM HIGHER EDUCATION DEPARTMENT - - - -
95000 54500 NM HIGHER EDUCATION DEPARTMENT - - - -
95000 68450 NM HIGHER EDUCATION DEPARTMENT - - - -
95000 78200 NM HIGHER EDUCATION DEPARTMENT - - Chapter 54, Section 10 - Reauthorized in Laws of 2023 80,000,000 80,000,000
95000 91000 NM HIGHER EDUCATION DEPARTMENT 14,086,900 - - 14,086,900
95000 93100 NM HIGHER EDUCATION DEPARTMENT - - - -
10300 N/A SAN JUAN COLLEGE 26,238,500 1,000,000 3SS, Chapter 3, Section 19 210,000 27,448,500
10400 N/A NEW MEXICO JUNIOR COLLEGE 7,101,800 - 3SS, Chapter 3, Section 19 250,000 7,351,800
10500 N/A NEW MEXICO STATE UNIVERSITY 218,077,000 - 3SS, Chapter 3, Section 19 5,416,000 223,493,000
10600 N/A CENTRAL NM COMMUNITY COLLEGE 64,359,100 - 3SS, Chapter 3, Section 19 295,000 64,654,100
10700 N/A EASTERN NEW MEXICO UNIVERSITY 53,793,600 1,400,000 3SS, Chapter 3, Section 19 695,000 55,888,600
10800 N/A LUNA VOCATION TECH INSTITUTE 8,344,900 - 3SS, Chapter 3, Section 19 220,000 8,564,900
10900 N/A SANTA FE COMMUNITY COLLEGE 15,924,100 - 3SS, Chapter 3, Section 19 60,000 15,984,100
11000 N/A SOUTHEAST NEW MEXICO CO LLEGE 4,687,500 - - 4,687,500
22200 N/A NM HIGHLANDS UNIVERSITY 34,940,600 1,000,000 3SS, Chapter 3, Section 19 285,000 36,225,600
22300 N/A MESALANDS COMMUNITY COLLEGE 4,611,800 - - 4,611,800
22400 N/A NM INSTITUTE OF MINING TECH 41,896,700 - 3SS, Chapter 3, Section 19 720,000 42,616,700
22600 N/A NEW MEXICO MILITARY INSTITUTE 3,269,100 - - 3,269,100
22700 N/A WESTERN NEW MEXICO UNIVERSITY 25,565,000 - 3SS, Chapter 3, Section 19 200,000 25,765,000
22800 N/A NORTHERN NM COMMUNITY COLLEGE 12,200,300 - 3SS, Chapter 3, Section 19 100,000 12,300,300
23000 N/A CLOVIS COMMUNITY COLLEGE 10,780,900 - 3SS, Chapter 3, Section 19 399,000 11,179,900
23100 N/A NM SCHOOL FOR THE BLIND VISUAL 1,790,500 - - 1,790,500
23200 N/A NM SCHOOL FOR THE DEAF 4,535,500 - 3SS, Chapter 3, Section 19 10,000 4,545,500
23300 N/A UNIVERSITY OF NEW MEXICO 353,817,100 3,500,000 3SS, Chapter 3, Section 19 8,705,000 366,022,100
Total - Higher Education 939,050,400 6,900,000 97,565,000 1,043,515,400
92400 21160 PUBLIC EDUCATION DEPARTMENT - - - -
92400 63300 PUBLIC EDUCATION DEPARTMENT 14,988,600 - - 14,988,600
92400 79000 PUBLIC EDUCATION DEPARTMENT 7,236,000 - 3SS, Chapter 3, Section 9 & 18 2,710,000 9,946,000
92400 85800 PUBLIC EDUCATION DEPARTMENT 3,790,697,600 - - 3,790,697,600
Total - Public School Support 3,812,922,200 - 2,710,000 3,815,632,200
Total - Component Appropriation Accounts 8,208,636,700 120,889,373 809,726,550 9,139,252,623
44
State of New Mexico
Component Appropriation Funds
Schedule of Appropriations — continued
For the Year Ended June 30, 2023
SHARE Total
Age ncy Fund Se ction 5 Se ction 6 Othe r Appropriations Appropriations
No. No. AGENCY NAME Amount Amount Chapter, Section Amount Fiscal Year 2023
Laws of 2023
Chapter 210
79000 12800 DEPARTMENT OF PUBLIC SAFETY - - - 145,296,700
79500 20050 HOMELAND SEC. & EMERG. MGMT. 850,000 - - 4,157,300
79500 20380 HOMELAND SEC. & EMERG. MGMT. - - Executive Orders 6,350,000 10,190,000
79500 56410 HOMELAND SEC. & EMERG. MGMT. 4,000,000 - - 4,000,000
Total - Public Safety 25,850,000 - 6,350,000 534,111,800
80500 20100 DEPARTMENT OF TRANSPORTATION - - Executive Orders 40,500,000 57,750,000
80500 93100 DEPARTMENT OF TRANSPORTATION - - - 354,065,000
Total - Transportation - - 40,500,000 411,815,000
92400 05700 PUBLIC EDUCATION DEPARTMENT - - - 19,463,400
92400 79000 PUBLIC EDUCATION DEPARTMENT - - - 37,250,000
Total - Other Education - - - 56,713,400
95000 21190 NM HIGHER EDUCATION DEPARTMENT - 5,000,000 - 17,000,000
95000 21440 NM HIGHER EDUCATION DEPARTMENT - - - 96,000
95000 21600 NM HIGHER EDUCATION DEPARTMENT - - - 20,933,500
95000 27100 NM HIGHER EDUCATION DEPARTMENT 36,200,000 - Chapter 208, Section 10 800,000 37,000,000
95000 47910 NM HIGHER EDUCATION DEPARTMENT 1,000,000 - - 1,000,000
95000 47920 NM HIGHER EDUCATION DEPARTMENT 10,000,000 - - 10,000,000
95000 54500 NM HIGHER EDUCATION DEPARTMENT 2,250,000 - - 2,250,000
95000 68450 NM HIGHER EDUCATION DEPARTMENT 30,000,000 - - 30,000,000
95000 78200 NM HIGHER EDUCATION DEPARTMENT - - - 80,000,000
95000 91000 NM HIGHER EDUCATION DEPARTMENT - - - 14,086,900
95000 93100 NM HIGHER EDUCATION DEPARTMENT 2,000,000 - - 2,000,000
10300 N/A SAN JUAN COLLEGE - - - 27,448,500
10400 N/A NEW MEXICO JUNIOR COLLEGE - - - 7,351,800
10500 N/A NEW MEXICO STATE UNIVERSITY - - - 223,493,000
10600 N/A CENTRAL NM COMMUNITY COLLEGE 500,000 - - 65,154,100
10700 N/A EASTERN NEW MEXICO UNIVERSITY - - - 55,888,600
10800 N/A LUNA VOCATION TECH INSTITUTE - - - 8,564,900
10900 N/A SANTA FE COMMUNITY COLLEGE - - - 15,984,100
11000 N/A SOUTHEAST NEW MEXICO COLLEGE - - - 4,687,500
22200 N/A NM HIGHLANDS UNIVERSITY - - - 36,225,600
22300 N/A MESALANDS COMMUNITY COLLEGE - - - 4,611,800
22400 N/A NM INSTITUTE OF MINING TECH - - - 42,616,700
22600 N/A NEW MEXICO MILITARY INSTITUTE - - - 3,269,100
22700 N/A WESTERN NEW MEXICO UNIVERSITY - - - 25,765,000
22800 N/A NORTHERN NM COMMUNITY COLLEGE - - - 12,300,300
23000 N/A CLOVIS COMMUNITY COLLEGE - - - 11,179,900
23100 N/A NM SCHOOL FOR THE BLIND VISUAL - - - 1,790,500
23200 N/A NM SCHOOL FOR THE DEAF - - - 4,545,500
23300 N/A UNIVERSITY OF NEW MEXICO - - - 366,022,100
Total - Higher Education 81,950,000 5,000,000 800,000 1,131,265,400
92400 21160 PUBLIC EDUCATION DEPARTMENT 20,000,000 - - 20,000,000
92400 63300 PUBLIC EDUCATION DEPARTMENT - - - 14,988,600
92400 79000 PUBLIC EDUCATION DEPARTMENT 16,600,000 - Chapter 208, Section 9 3,885,000 30,431,000
92400 85800 PUBLIC EDUCATION DEPARTMENT - - - 3,790,697,600
Total - Public School Support 36,600,000 - 3,885,000 3,856,117,200
Total - Component Appropriation Accounts 694,956,300 42,571,800 - 272,071,300 10,148,852,023
45
State of New Mexico
Component Appropriation Funds
Schedule of Amounts Due From Other State Entities
June 30, 2023
Agency Fund Description Amount
33300 27900 Corporate Income Tax $ 63,291,961
33300 64200 Personal Income Tax 31,195,174
33300 71960 Gross Receipt Tax 2,822,222
33300 82500 Weight Distance Tax (148,742) *
33300 82800 Luxury Tax 7,073,715
33300 82800 911 Emergency Surcharge Tax (18,091) *
33300 82800 Gaming Tax 5,631,745
33300 82800 Liquor Tax /Alcoholic Beverages 2,260,759
33300 82800 Bingo and Raffle Tax 19,941
33300 82800 Telecommunications Relay Surcharge (14,473) *
33300 82800 Special Fuel Tax (625,257) *
33300 82800 Environment Fees (1,099) *
33300 82800 Gasoline Tax 86,473
33300 82800 Fiduciary Income Tax (1,060,598) *
33300 82800 Health Care Quality Surcharge 61,490
33300 83100 Worker's Compensation (74,855) *
33300 67940 Gross Receipt Tax 378,762,999
33300 67940 Lease Vehicle Surcharge 346,972
33300 67940 Compensating Tax 6,565,119
33300 83300 Severance - School Tax 334,792,355
33300 83300 Severance - Conservation Resource 20,754,537
33300 83300 Severance Tax - Processors 2,942,699
33300 83300 Resource Excise - Copper 1,088,315
33300 83300 Resource Excise - Potash 21,981
33300 83300 Resource Excise - Others 375,039
33300 83800 Insurance Tax 85,233,129
39400 02000 Tribal Revenue Sharing 19,134,162
39401 80100 Investment Earnings 61,959
44000 11820 Insurance Tax
2,045
Total amounts due from other state entities
960,581,676$
*The negative receivable balance represents unidentified deposits that are remitted to the Funds as
required by State statute(s).
46
State of New Mexico
Component Appropriation Funds
Schedule of Amounts Due From Taxpayers
June 30, 2023
Fund Description Amount
27900 Corporate Income Tax (6,807,162)$
64200 OGP-Remitter/Owner 944,286
64200 PTW-Remitter/Owner 16,717,674
64200 Personal Income Tax 23,097,778
71960 Cannabis Excise Tax 414,939
82800 Bingo & Raffle Tax 1,584
82800 Fiduciary Income Tax (23,745)
82800 Gaming Tax 300
82800 Leased Vehicle Surcharge 97
82800 Liquor Excise Tax 3,223
82800 Tobacco Products Tax 74,133
83200 Telecom Relay Service Surcharge 10
82800 Health Care Quality Surcharge 5,988
83100 Workers' Compensation 18,941
83200 Withholding Taxes 4,385,059
83200 Gross Receipt Tax 24,468,383
83200 Compensating Tax (186,654)
83300 Resource Excise Tax (5,156)
83800 Insurance Tax
1,026,672
Total amounts due from taxpayers
64,136,350$
47
State of New Mexico
Component Appropriation Funds
Schedule of Amounts Due to Local Governments
June 30, 2023
Fund Description Amount
83200
Taxation and Revenue Dept. (Unidentified 60 Day
Remittances) due to local governments
38,029,100$
Total amounts due to local governments
38,029,100$
48
State of New Mexico
Component Appropriation Funds
Schedule of Amounts Due to Taxpayers
June 30, 2023
Fund Description Amount
83300 Taxation and Revenue Department (oil and gas advance payments)
205,532,935$
Total amounts due to taxpayers
205,532,935$
49
State of New Mexico
Component Appropriation Funds
Schedule of Transfers In/(Out)
For the Year Ended June 30, 2023
BU Fund Agency Description Amount
33700 60200 STATE INVESTMENT COUNCIL STPF DISTRIBUTION 265,791,612
33700 60100 STATE INVESTMENT COUNCIL LGPF DISTRIBUTION 886,481,627
N/A N/A NEW MEXICO STATE UNIVERSITY REVERSIONS 401,661
53900 77700 STATE LAND OFFICE LAND INCOME DISTRIBUTION 77,498,573
53900 09800 STATE LAND OFFICE LAND INCOME DISTRIBUTION FY22 REAP. 4,921,059
33700 43240 STATE INVESTMENT COUNCIL MINERAL LEASING RIGHTS (2,072,977,200)
33700 43240 STATE INVESTMENT COUNCIL OIL AND GAS EXCESS REVENUES (1,149,824,573)
33700 20950 STATE INVESTMENT COUNCIL EXCESS GENERAL FUND REVENUES (723,853,059)
11100 12900 LEGISLATIVE COUNCIL SERVICE REVERSIONS 427,858
11200 13000 LEGISLATIVE FINANCE COMMITTEE REVERSIONS 56,569
11400 74300 SENATE INTERIM REVERSIONS 466,796
11500 74400 HOUSE INTERIM REVERSIONS 358,665
11700 13100 LEGISLATIVE EDUCATION STUDY CO REVERSIONS 131,834
11900 13200 LEGISLATIVE BUILDING SERVICES REVERSIONS 192,950
21000 13500 JUDICIAL STANDARDS COMMISSION REVERSIONS 13,418
21500 13700 COURT OF APPEALS REVERSIONS 22,995
21600 13800 NEW MEXICO SUPREME COURT REVERSIONS 5,408
21600 79300 NEW MEXICO SUPREME COURT REVERSIONS 429
21800 12400 ADMIN OFFICE OF THE COURTS REVERSIONS 4,700
21800 13600 ADMIN OFFICE OF THE COURTS REVERSIONS 48,716
21800 13900 ADMIN OFFICE OF THE COURTS REVERSIONS 350,681
21800 69200 ADMIN OFFICE OF THE COURTS REVERSIONS 615,240
21800 93100 ADMIN OFFICE OF THE COURTS REVERSIONS 3,583
23100 14100 FIRST JUDICIAL DISTRICT COURT REVERSIONS 85,613
23300 14300 THIRD JUDICIAL DISTRICT COURT REVERSIONS 14,519
23400 14400 FOURTH JUDICIAL DISTRICT COURT REVERSIONS 49,550
23500 14500 FIFTH JUDICIAL DISTRICT COURT REVERSIONS 43,874
23700 14700 SEVENTH DISTRICT COURT REVERSIONS 47,795
23800 14800 EIGHTH JUDICIAL DISTRICT COURT REVERSIONS 53,680
23900 14900 NINTH JUDICIAL DISTRICT COURT REVERSIONS 149
24000 15000 TENTH JUDICIAL DISTRICT COURT REVERSIONS 20,682
24200 15200 TWELFTH JUDICIAL DISTRICT CT. REVERSIONS 128
24200 71920 TWELFTH JUDICIAL DISTRICT CT. REVERSIONS 7,720
24300 15300 THIRTEENTH JUDICIAL DIST. CT. REVERSIONS 6,936
24400 15400 BERNALILLO COUNTY METRO COURT REVERSIO NS 18,037
25100 15500 FIRST JUDICIAL DIST. ATTORNEY REVERSIONS 102,356
25300 15700 THIRD JUDICIAL DIST. ATTORNEY REVERSIONS 1
25400 15800 FOURTH JUDICIAL DISTRICT DA REVERSIONS 6,909
25500 15900 FIFTH JUDICIAL DISTRICT DA REVERSIONS 36,943
25700 16100 SEVENTH JUDICIAL DIST ATTORNEY REVERSIONS 36,412
25800 16200 EIGHTH JUDICAL DISTRICT DA REVERSIONS 19,315
25900 16300 NINTH JUDICIAL DISTRICT DA REVERSIONS 2,744
26000 16400 TENTH JUDICIAL DISTRICT DA REVERSIONS 30,428
26100 16500 11TH JUDICIAL DIST. ATTORNEY REVERSIONS 197,131
26200 16600 TWELFTH JUDICIAL DISTRICT DA REVERSIONS 45,547
26300 16700 THIRTEENTH JUDIC IAL DIST. DA REVERSIONS 1,780
26400 16800 ADMIN OFFICE OF THE DAS REVERSIONS 24,916
26500 16900 ELEVENTH JUDICIAL DA II REVERSION S 575,883
28000 17510 PUBLIC DEFENDER REVERSIONS 1,936,855
33300 17200 TAX AND REVENUE DEPARTMENT REVERSIONS 3,790,783
34000 71820 ADMINISTRATIVE HEARINGS OFFICE REVERSIONS 36,760
34100 00900 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 123,436
34100 13800 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 5
34100 20900 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 8,599
34100 21000 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 20,931
34100 62000 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 5,195,042
34100 73600 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 5,434,608
34100 73700 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 3,991,760
34100 85300 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 2,579,934
34100 93100 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 4,566,320
50
State of New Mexico
Component Appropriation Funds
Schedule of Transfers In/(Out) - continued
For the Year Ended June 30, 2023
BU Fund Agency Description Amount
34100 96600 DEPARTMENT OF FINANCE & ADMIN REVERSIONS 24,000
35000 17400 GENERAL SERVICES DEPARTMENT REVERSIONS 994,741
35000 36500 GENERAL SERVICES DEPARTMENT REVERSIONS 5,445
35400 34700 NM SENTENCING COMMISSION REVERSIONS 166
35600 17600 GOVERNOR'S OFFICE REVERSIONS 615,184
35600 20820 GOVERNOR'S OFFICE REVERSIONS 60,497
36000 17700 LIEUTENANT GOVERNOR'S OFFICE REVERSIONS 43,791
36600 35180 PUBLIC EMPLOYEES RETIRE ASSOC REVERSIO NS 3,036
36900 17900 STATE RECORDS CENTER/ARCHIVES REVERSIONS 14,733
37000 18000 SECRETARY OF STATE REVERSIONS 759,456
37000 40260 SECRETARY OF STATE REVERSIONS 300,000
37800 18100 STATE PERSO NN EL BOARD REVERSIO NS 255,731
37900 84800 PUBLIC EMPLOYEE LABOR RELATION REVERSION S 5,122
39400 18200 STATE TREASURER'S OFFICE REVERSIONS 126,662
41000 20780 DEPT OF ETHICS COMMISSION REVERSIONS 97,131
41800 18800 NM TOURISM DEPT. REVERSIONS 280,956
41900 18900 ECONOMIC DEVELOPMENT DEPT. REVERSIONS 261,578
42000 21210 REGULATION & LICENSING DEPT REVERSIONS 4,400
42000 43300 REGULATION & LICENSING DEPT REVERSIONS 599,900
42000 43500 REGULATION & LICENSING DEPT REVERSIONS (307,008)
42000 43600 REGULATION & LICENSING DEPT REVERSIONS (4,313,376)
42000 43700 REGULATION & LICENSING DEPT REVERSIONS (3,993,793)
42000 43800 REGULATION & LICENSING DEPT REVERSIONS 6,675,441
42000 80800 REGULATION & LICENSING DEPT REVERSIONS 2,453,250
43000 55000 PUBLIC REGULATION COMMISSION REVERSIONS 167,241
44000 11690 SUPERINTENDENT OF INSURANCE REVERSIONS 1,091,231
44000 11810 SUPERINTENDENT OF INSURANCE REVERSIONS 6,568,214
44000 21890 SUPERINTENDENT OF INSURANCE REVERSIONS 23,444,283
46000 21120 STATE FAIR REVERSIONS 72,594
46500 53600 NM GAMING CONTROL BOARD REVERSIONS 265,279
46900 19200 NM STATE RACING COMMISSION REVERSIONS 511,063
46900 81400 NM STATE RACING COMMISSION REVERSIONS 418,533
49100 74800 MILITARY HOMEBASE PLANNING REVERSIONS 113,501
50500 19300 DEPARTMENT OF CULTURAL AFFAIRS REVERSIONS 89,784
50500 19301 DEPARTMENT OF CULTURAL AFFAIRS REVERSIONS 208
50500 19305 DEPARTMENT OF CULTURAL AFFAIRS REVERSIONS 3,029
50800 39500 LIVESTOCK BOARD REVERSIONS 101,936
52100 19900 ENERGY, MINERALS & RESOURCES REVERSIONS 2,701,502
52100 21300 ENERGY, MINERALS & RESOURCES REVERSIONS 1,402,747
52100 93100 ENERGY, MINERALS & RESOURCES REVERSIONS 6,742
55000 21400 OFFICE OF STATE ENGIN EER REVERSIONS 510,767
55000 21404 OFFICE OF STATE ENGIN EER REVERSIONS 699
55000 21405 OFFICE OF STATE ENGIN EER REVERSIONS 310,141
55000 93100 OFFICE OF STATE ENGINEER REVERSIONS 67,867
60100 04300 COMMISSION ON WOMEN STATUS REVERSIONS 4,934
60300 28400 OFFICE OF AFRICAN AMER AFFAIRS REVERSIONS 303,780
60900 04800 INDIAN AFFAIRS DEPARTMENT REVERSIONS 1,964,072
60900 93100 INDIAN AFFAIRS DEPARTMENT REVERSIONS 175,000
61100 20790 EARLY CHILDHOOD ED & CARE DEPT REVERSIONS 595,026
61100 20791 EARLY CHILDHOOD ED & CARE DEPT REVERSIONS 210,758
61100 21111 EARLY CHILDHOOD ED & CARE DEPT REVERSIONS 17,378
61100 67991 EARLY CHILDHOOD ED & CARE DEPT REVERSIONS 509
62400 04900 AGING AND LONG TERM SERVICES REVERSIONS 2,432,919
63000 05200 HUMAN SERVICES DEPARTMENT REVERSIONS 97,639
63000 05201 HUMAN SERVICES DEPARTMENT REVERSIONS 37,795
63000 90100 HUMAN SERVICES DEPARTMENT REVERSIONS 1
63100 32900 WORKFORCE SOLUTIONS DEPARTMENT REVERSIONS 614,447
63200 59600 WORKERS' COMPENSATION ADMIN REVERSIONS 28,500
64400 50001 DIVISION OF VOCATIONAL REHAB REVERSIONS 12,909
64500 05800 GOVERNOR'S COMM. ON DISABILITY REVERSIONS 107,051
51
State of New Mexico
Component Appropriation Funds
Schedule of Transfers In/(Out) - continued
For the Year Ended June 30, 2023
BU Fund Agency Description Amount
66500 06100 DEPARTMENT OF HEALTH REVERSIONS 3,206,079
66500 06101 DEPARTMENT OF HEALTH REVERSIONS 12,695,815
66500 06102 DEPARTMENT OF HEALTH REVERSIONS (1,693,763)
66500 06104 DEPARTMENT OF HEALTH REVERSIONS (1,136,485)
66500 06105 DEPARTMENT OF HEALTH REVERSIONS 2,589,606
66500 20480 DEPARTMENT OF HEALTH REVERSIONS 53,506
66500 21904 DEPARTMENT OF HEALTH REVERSIONS 81,000
66500 40171 DEPARTMENT OF HEALTH REVERSIONS 60,827,962
66500 50204 DEPARTMENT OF HEALTH REVERSIONS 966,581
66500 93100 DEPARTMENT OF HEALTH REVERSIONS 1,030
66700 06400 NM ENVIRONMENT DEPARTMENT REVERSIONS 680,608
66700 93100 NM ENVIRONMENT DEPARTMENT REVERSIONS 503,350
66800 49300 NATURAL RESOURCES TRUSTEE REVERSION S 129,459
67000 06500 DEPARTMENT OF VETERANS SERVICE REVERSIONS 392,990
69000 06700 CHILDREN, YOUTH & FAMILY DEPT REVERSIONS 4,736,929
69000 11520 CHILDREN, YOUTH & FAMILY DEPT REVERSIONS 2,565
69000 48900 CHILDREN, YOUTH & FAMILY DEPT REVERSIONS 4,689,244
69000 91100 CHILDREN, YOUTH & FAMILY DEPT REVERSIONS 226,673
70500 07000 MILITARY AFFAIRS DEPARTMENT REVERSIONS 226,075
70500 99200 MILITARY AFFAIRS DEPARTMENT REVERSIONS 299,808
76000 90500 ADULT PAROLE BOARD REVERSIONS 47,665
76500 90600 JUVENILE PUBLIC SAFETY ADV BRD REVERSIO NS 4,767
77000 90700 CORRECTIONS DEPARTMENT REVERSIONS 2,763,474
77000 91500 CORRECTIONS DEPARTMENT REVERSIONS 40
78000 90900 CRIME VICTIMS REPARATION COMM REVERSIONS 64,740
79000 12800 DEPARTMENT OF PUBLIC SAFETY REVERSIONS 1,674,887
79000 12801 DEPARTMENT OF PUBLIC SAFETY REVERSIONS 812,473
79000 12805 DEPARTMENT OF PUBLIC SAFETY REVERSIONS 132,852
79500 20050 HOMELAND SEC. & EMERG. MGMT. REVERSIONS 70,672
79500 20380 HOMELAND SEC. & EMERG. MGMT. REVERSIONS 2,415,129
79500 55010 HOMELAND SEC. & EMERG. MGMT. REVERSIONS 216
79500 56410 HOMELAND SEC. & EMERG. MGMT. REVERSIONS (500,000)
79500 57810 HOMELAND SEC. & EMERG. MGMT. REVERSIONS (542,510)
80500 93100 DEPARTMENT OF TRANSPORTATION REVERSIONS 3,436,127
92400 05700 PUBLIC EDUCATION DEPARTMENT REVERSIONS 611,681
92400 79000 PUBLIC EDUCATION DEPARTMENT REVERSIONS 6,237,877
92400 85800 PUBLIC EDUCATION DEPARTMENT REVERSIONS 2,152,760
95000 91000 NM HIGHER EDUCATION DEPARTMENT REVERSIONS 1,625,933
N/A N/A CUMBRES AN D TOLTEC ALLOTMEN TS (362,800)
N/A N/A NEW MEXICO STATE UNIVERSITY ALLOTMENTS (223,493,000)
N/A N/A EASTERN NEW MEXICO UNIVERSITY ALLOTMENTS (55,888,600)
N/A N/A NM HIGHLANDS UNIVERSITY ALLOTMEN TS (36,225,600)
N/A N/A NM INSTITUTE OF MINING TECH ALLOTMENTS (42,616,700)
N/A N/A NEW MEXICO MILITARY INSTITUTE ALLOTMEN TS (3,269,100)
N/A N/A WESTERN NEW MEXIC O UNIVERSITY ALLOTMENTS (25,765,000)
N/A N/A NORTHERN NM COMMUNITY COLLEGE ALLOTMENTS (12,300,300)
N/A N/A NM SCHOOL FOR THE BLIND VISUAL ALLOTMENTS (1,790,500)
N/A N/A NM SCHOOL FOR THE DEAF ALLOTMENTS (4,545,500)
N/A N/A UNIVERSITY OF NEW MEXICO ALLOTMENTS (366,022,100)
11100 12900 LEGISLATIVE COUNCIL SERVICE ALLOTMENTS (8,745,900)
11200 13000 LEGISLATIVE FINANCE COMMITTEE ALLOTMEN TS (4,843,900)
11400 74300 SENATE INTERIM ALLOTMENTS (1,875,700)
11500 74400 HOUSE INTERIM ALLOTMENTS (1,803,100)
11700 13100 LEGISLATIVE EDUCATIO N STUDY CO ALLOTMENTS (1,437,800)
11900 13200 LEGISLATIVE BUILDING SERVICES ALLOTMENTS (4,563,000)
13100 13300 LEGISLATURE ALLO TMEN TS (26,434,600)
13101 20030 SENATE ALLOTMENTS (5,963,800)
13102 20040 HOUSE ALLOTMENTS (4,227,900)
20800 07600 NEW MEXICO COMPILATION COMM ALLOTMENTS (529,900)
21000 13500 JUDICIAL STANDARDS COMMISSION ALLOTMENTS (932,300)
52
State of New Mexico
Component Appropriation Funds
Schedule of Transfers In/(Out) - continued
For the Year Ended June 30, 2023
BU Fund Agency Description Amount
21500 13700 COURT OF APPEALS ALLOTMENTS (7,680,200)
21600 13800 NEW MEXICO SUPREME COURT ALLOTMENTS (10,392,100)
21800 12400 ADMIN OFFICE OF THE COURTS ALLOTMENTS (6,735,500)
21800 13600 ADMIN OFFICE OF THE COURTS ALLOTMENTS (27,500)
21800 13900 ADMIN OFFICE OF THE COURTS ALLOTMENTS (13,686,700)
21800 58300 ADMIN OFFICE OF THE COURTS ALLOTMENTS (287,900)
21800 68170 ADMIN OFFICE OF THE COURTS ALLOTMENTS (3,374,200)
21800 68900 ADMIN OFFICE OF THE COURTS ALLOTMENTS (22,821,900)
21800 69200 ADMIN OFFICE OF THE COURTS ALLOTMENTS (13,577,600)
21801 01200 AOC STATEWIDE UNITS ALLOTMENTS (1,110,500)
23100 14100 FIRST JUDICIAL DISTRICT COURT ALLOTMENTS (11,271,900)
23200 14200 SECOND JUDICIAL DISTRICT COURT ALLOTMENTS (28,261,000)
23300 14300 THIRD JUDICIAL DISTRICT COURT ALLOTMENTS (10,970,100)
23400 14400 FOURTH JUDICIAL DISTRICT COURT ALLOTMEN TS (4,157,100)
23500 14500 FIFTH JUDICIAL DISTRICT COURT ALLOTMENTS (11,450,000)
23600 14600 6TH JUDICIAL DISTRICT COURT ALLOTMENTS (5,841,300)
23700 14700 SEVENTH DISTRICT COURT ALLOTMENTS (4,230,600)
23800 14800 EIGHTH JUDICIAL DISTRICT COURT ALLOTMENTS (5,217,900)
23900 14900 NINTH JUDICIAL DISTRICT COURT ALLOTMENTS (5,422,100)
24000 15000 TENTH JUDICIAL DISTRICT COURT ALLO TMENTS (1,944,900)
24100 15100 ELEVENTH JUDICIAL DIST. COURT ALLOTMENTS (9,664,800)
24100 33500 ELEVENTH JUDICIAL DIST. COURT ALLOTMENTS (2,020,000)
24200 15200 TWELFTH JUDICIAL DISTRICT CT. ALLOTMENTS (5,440,100)
24200 71920 TWELFTH JUDICIAL DISTRICT CT. ALLOTMENTS (41,400)
24200 92900 TWELFTH JUDICIAL DISTRICT CT. ALLOTMENTS (66,200)
24300 15300 THIRTEENTH JUDICIAL DIST. CT. ALLOTMENTS (11,689,100)
24400 15400 BERNALILLO COUNTY METRO COURT ALLOTMENTS (26,177,900)
25100 15500 FIRST JUDICIAL DIST. ATTO RNEY ALLOTMEN TS (7,286,800)
25200 15600 SECOND JUDICIAL DISTRICT DA ALLOTMENTS (26,047,300)
25300 15700 THIRD JUDICIAL DIST. ATTORNEY ALLOTMENTS (5,704,400)
25400 15800 FOURTH JUDICIAL DISTRICT DA ALLOTMENTS (3,791,500)
25500 15900 FIFTH JUDICIAL DISTRICT DA ALLOTMENTS (6,634,900)
25600 16000 SIXTH JUDICIAL DISTRICT DA ALLOTMENTS (3,641,100)
25700 16100 SEVEN TH JUDICIAL DIST ATTORNEY ALLOTMENTS (3,071,100)
25800 16200 EIGHTH JUDICAL DISTRICT DA ALLOTMENTS (3,408,900)
25900 16300 NINTH JUDICIAL DISTRICT DA ALLOTMENTS (3,847,200)
26000 16400 TENTH JUDICIAL DISTRICT DA ALLOTMENTS (1,695,800)
26100 16500 11TH JUDICIAL DIST. ATTORN EY ALLOTMENTS (5,782,300)
26200 16600 TWELFTH JUDICIAL DISTRICT DA ALLOTMENTS (4,036,300)
26300 16700 THIRTEENTH JUDICIAL DIST. DA ALLOTMENTS (6,639,000)
26400 11180 ADMIN OFFICE OF THE DAS ALLOTMENTS (250,000)
26400 16800 ADMIN OFFICE OF THE DAS ALLOTMENTS (2,796,000)
26500 16900 ELEVENTH JUDICIAL DA II ALLOTMENTS (3,052,100)
28000 17510 PUBLIC DEFENDER ALLOTMENTS (61,000,000)
30500 17000 OFFICE OF THE ATTORNEY GENERAL ALLOTMENTS (13,669,300)
30500 27800 OFFICE OF THE ATTORNEY GENERAL ALLOTMENTS (800,100)
30800 11100 OFFICE OF THE STATE AUDITOR ALLOTMENTS (3,459,100)
33300 17200 TAX AND REVENUE DEPARTMENT ALLOTMENTS (76,927,500)
34000 71820 ADMINISTRATIVE HEARINGS OFFICE ALLOTMENTS (1,855,700)
34100 00900 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (71,636,400)
34100 01000 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (18,138,100)
34100 10780 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (17,700)
34100 20130 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (5,000,000)
34100 20900 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (2,500,000)
34100 21000 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (109,900)
34100 21460 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (2,250,000)
34100 22260 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (2,000,000)
34100 61800 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (120,000)
34100 62000 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (442,401,100)
34100 62400 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (5,625,100)
53
State of New Mexico
Component Appropriation Funds
Schedule of Transfers In/(Out) - continued
For the Year Ended June 30, 2023
BU Fund Agency Description Amount
34100 71980 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (100,000,000)
34100 73600 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (8,200,000)
34100 82920 DEPARTMENT OF FINANCE & ADMIN ALLOTMENTS (32,500,000)
35000 17400 GENERAL SERVICES DEPARTMENT ALLOTMENTS (18,908,500)
35000 41700 GENERAL SERVICES DEPARTMENT ALLOTMENTS (533,200)
35000 56100 GENERAL SERVICES DEPARTMENT ALLOTMENTS (319,300)
35000 75200 GENERAL SERVICES DEPARTMENT ALLOTMENTS (34,540,000)
35400 34700 NM SENTENCING COMMISSION ALLOTMENTS (3,388,600)
35600 17600 GOVERNOR'S OFFICE ALLOTMENTS (5,078,300)
35600 20820 GOVERNOR'S OFFICE ALLOTMENTS (96,000)
36000 17700 LIEUTENANT GOVERNOR'S OFFICE ALLOTMENTS (584,900)
36100 20370 DEPT OF INFORMATION TECHNOLOGY ALLOTMENTS (1,618,600)
36100 68390 DEPT OF INFORMATION TECHNOLOGY ALLOTMENTS (813,000)
36600 35180 PUBLIC EMPLOYEES RETIRE ASSOC ALLOTMENTS (49,800)
36900 17900 STATE RECORDS CENTER/ARCHIVES ALLOTMENTS (2,581,800)
37000 18000 SECRETARY OF STATE ALLOTMENTS (7,144,700)
37000 40260 SECRETARY OF STATE ALLOTMENTS (300,000)
37000 68180 SECRETARY OF STATE ALLOTMENTS (21,928,700)
37800 18100 STATE PERSONNEL BOARD ALLOTMENTS (3,884,100)
37900 84800 PUBLIC EMPLOYEE LABOR RELATION ALLOTMENTS (255,100)
39400 18200 STATE TREASURER'S OFFICE ALLOTMENTS (4,067,600)
41000 20780 DEPT OF ETHICS COMMISSION ALLOTMENTS (1,193,500)
41700 48000 BORDER AUTHORITY ALLOTMENTS (438,400)
41800 18800 NM TOURISM DEPT. ALLOTMENTS (20,386,700)
41900 18900 ECONOMIC DEVELOPMENT DEPT. ALLOTMENTS (17,983,800)
41900 20960 ECONOMIC DEVELOPMENT DEPT. ALLOTMENTS (607,600)
41900 21140 ECONOMIC DEVELOPMENT DEPT. ALLOTMENTS (1,255,000)
41900 43180 ECONOMIC DEVELOPMENT DEPT. ALLOTMENTS (56,650,000)
41900 63800 ECONOMIC DEVELOPMENT DEPT. ALLOTMENTS (15,000,000)
42000 43300 REGULATION & LICENSING DEPT ALLOTMENTS (18,707,300)
43000 55000 PUBLIC REGULATION COMMISSION ALLOTMENTS (10,494,000)
44000 11690 SUPERINTENDENT OF INSURANCE ALLOTMENTS (945,000)
44000 11850 SUPERINTENDENT OF INSURANCE ALLOTMENTS (47,900,000)
44000 21890 SUPERINTENDENT OF INSURANCE ALLOTMENTS (825,000)
46000 19100 STATE FAIR ALLOTMENTS (1,250,000)
46000 21120 STATE FAIR ALLOTMENTS (200,000)
46500 53600 NM GAMING CONTROL BOARD ALLOTMENTS (5,883,300)
46900 19200 NM STATE RACING COMMISSION ALLOTMENTS (2,476,700)
49100 74800 MILITARY HOMEBASE PLANNING ALLOTMENTS (296,200)
49500 87100 SPACEPORT AUTHORITY ALLOTMENTS (3,790,900)
50500 19300 DEPARTMENT OF CULTURAL AFFAIRS ALLOTMENTS (54,232,500)
50500 59100 DEPARTMENT OF CULTURAL AFFAIRS ALLOTMENTS (15,000,000)
50500 69800 DEPARTMENT OF CULTURAL AFFAIRS ALLOTMENTS (166,348)
50800 12130 LIVESTOCK BOARD ALLOTMENTS (675,000)
50800 39500 LIVESTOCK BOARD ALLOTMENTS (3,522,900)
51600 19800 GAME AND FISH DEPARTMENT ALLOTMENTS (7,000,000)
52100 19900 ENERGY, MINERALS & RESOURCES ALLOTMENTS (18,308,300)
52100 20010 ENERGY, MINERALS & RESOURCES ALLOTMENTS (9,669,200)
52100 21300 ENERGY, MINERALS & RESOURCES ALLOTMENTS (12,000,000)
53800 82900 INTER TRIBAL CEREMONIAL ALLOTMENTS (322,000)
55000 21400 OFFICE OF STATE ENGINEER ALLOTMENTS (94,411,600)
60100 04300 COMMISSION ON WOMEN STATUS ALLOTMENTS (200,000)
60300 28400 OFFICE OF AFRICAN AMER AFFAIRS ALLOTMENTS (1,009,600)
60400 04600 COMM FOR DEAF & HARD OF HEARIN ALLOTMENTS (1,286,200)
60500 06000 MARTIN LUTHER KING JR. COMM ALLOTMENTS (327,900)
60600 04700 NM COMMISSION FOR THE BLIND ALLOTMENTS (2,303,600)
60900 04800 INDIAN AFFAIRS DEPARTMENT ALLOTMENTS (4,459,900)
60900 93100 INDIAN AFFAIRS DEPARTMENT ALLOTMENTS (25,110,702)
61100 20790 EARLY CHILDHOOD ED & CARE DEPT ALLOTMENTS (67,939,000)
61100 21110 EARLY CHILDHOOD ED & CARE DEPT ALLOTMENTS (49,498,300)
54
State of New Mexico
Component Appropriation Funds
Schedule of Transfers In/(Out) - continued
For the Year Ended June 30, 2023
BU Fund Agency Description Amount
61100 40270 EARLY CHILDHO OD ED & CARE DEPT ALLOTMENTS (34,153,400)
61100 67990 EARLY CHILDHO OD ED & CARE DEPT ALLOTMENTS (43,521,900)
62400 04900 AGING AND LONG TERM SERVICES ALLOTMENTS (54,138,000)
62400 93100 AGING AND LONG TERM SERVICES ALLOTMENTS (200,000)
63000 05200 HUMAN SERVICES DEPARTMENT ALLOTMENTS (144,333,970)
63000 97500 HUMAN SERVICES DEPARTMENT ALLOTMENTS (35,280,900)
63000 97600 HUMAN SERVICES DEPARTMENT ALLOTMENTS (1,245,902,900)
63100 32900 WORKFORCE SOLUTIONS DEPARTMENT ALLO TMENTS (10,519,900)
63100 71970 WORKFORCE SOLUTIONS DEPARTMENT ALLO TMENTS (15,400,000)
64400 20570 DIVISION OF VOCATION AL REHAB ALLOTMENTS (642,200)
64400 50000 DIVISION OF VOCATION AL REHAB ALLOTMENTS (5,915,500)
64500 05800 GOVERNOR'S COMM. ON DISABILITY ALLOTMENTS (1,389,000)
64700 07900 DEV DISABILITIES COUNCIL ALLOTMENTS (7,943,400)
66500 06100 DEPARTMENT OF HEALTH ALLOTMENTS (220,540,900)
66500 20480 DEPARTMENT OF HEALTH ALLOTMENTS (4,050,000)
66500 25700 DEPARTMENT OF HEALTH ALLOTMENTS (1,586,300)
66500 40170 DEPARTMENT OF HEALTH ALLOTMENTS (157,705,900)
66500 75600 DEPARTMENT OF HEALTH ALLOTMENTS (2,737,200)
66500 95810 DEPARTMENT OF HEALTH ALLOTMENTS (31,300)
66700 06400 NM ENVIRONMENT DEPARTMENT ALLOTMENTS (20,887,400)
66700 33700 NM ENVIRONMENT DEPARTMENT ALLOTMENTS (10,000,000)
66800 49300 NATURAL RESOURCES TRUSTEE ALLOTMENTS (623,600)
67000 06500 DEPARTMENT OF VETERANS SERVICE ALLOTMENTS (6,971,800)
69000 06700 CHILDREN, YOUTH & FAMILY DEPT ALLOTMENTS (206,910,100)
69000 20090 CHILDREN, YOUTH & FAMILY DEPT ALLOTMENTS (1,460,400)
69000 48900 CHILDREN, YOUTH & FAMILY DEPT ALLOTMENTS (24,704,100)
69000 78000 CHILDREN, YOUTH & FAMILY DEPT ALLOTMENTS (204,600)
69000 84100 CHILDREN, YOUTH & FAMILY DEPT ALLOTMENTS (80,000)
70500 07000 MILITARY AFFAIRS DEPARTMENT ALLOTMENTS (2,500,000)
70500 93200 MILITARY AFFAIRS DEPARTMENT ALLOTMENTS (835,000)
70500 99200 MILITARY AFFAIRS DEPARTMENT ALLOTMENTS (7,004,800)
76000 90500 ADULT PAROLE BOARD ALLO TMENTS (605,300)
76500 90600 JUVENILE PUBLIC SAFETY ADV BRD ALLOTMENTS (7,600)
77000 90200 CORRECTIONS DEPARTMENT ALLOTMENTS (24,865,500)
77000 90700 CORRECTIONS DEPARTMENT ALLOTMENTS (298,058,900)
77000 91500 CORRECTIONS DEPARTMENT ALLOTMENTS (24,784,700)
78000 90900 CRIME VICTIMS REPARATION COMM ALLOTMENTS (11,806,000)
79000 12800 DEPARTMENT OF PUBLIC SAFETY ALLOTMENTS (145,296,700)
79500 20050 HO MELAND SEC. & EMERG. MGMT. ALLOTMENTS (4,157,300)
79500 20380 HO MELAND SEC. & EMERG. MGMT. ALLOTMENTS (10,190,000)
79500 56410 HO MELAND SEC. & EMERG. MGMT. ALLOTMENTS (4,000,000)
80500 20100 DEPARTMENT OF TRANSPO RTATION ALLOTMENTS (57,750,000)
80500 93100 DEPARTMENT OF TRANSPORTATION ALLOTMENTS (354,065,000)
92400 05700 PUBLIC EDUCATION DEPARTMENT ALLOTMENTS (19,463,400)
92400 21160 PUBLIC EDUCATION DEPARTMENT ALLOTMENTS (20,000,000)
92400 63300 PUBLIC EDUCATION DEPARTMENT ALLOTMENTS (14,988,600)
92400 79000 PUBLIC EDUCATION DEPARTMENT ALLOTMENTS (67,681,000)
92400 85800 PUBLIC EDUCATION DEPARTMENT ALLOTMENTS (3,790,697,600)
95000 21190 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (17,000,000)
95000 21440 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (96,000)
95000 21600 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (20,933,500)
95000 27100 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (37,000,000)
95000 47910 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (1,000,000)
95000 47920 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (10,000,000)
95000 54500 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (2,250,000)
95000 68450 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (30,000,000)
95000 78200 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (80,000,000)
95000 91000 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (14,086,900)
95000 93100 NM HIGHER EDUCATION DEPARTMENT ALLOTMENTS (2,000,000)
Total Transfers In / (Out)
(12,523,710,860)
55
State of New Mexico
Component Appropriation Funds
Schedule of Appropriations by Function of Government
For the Year Ended June 30, 2023
Function Description Amount
Legislature FY23 Allotments 59,895,700$
Judicial FY23 Allotments 373,707,400
General Control FY23 Allotments 893,302,200
Commerce and Industry FY23 Allotments 206,646,200
Natural Resource FY23 Allotments 215,307,848
Health / Welfare FY23 Allotments 2,409,969,875
Public Safety FY23 Allotments 534,111,800
Transportation FY23 Allotments 411,815,000
Other Education FY23 Allotments 56,713,400
Public School Support FY23 Allotments 3,856,117,200
Higher Education FY23 Allotments
1,131,265,400
TOTAL 10,148,852,023$
56
State of New Mexico
Component Appropriation Funds
Schedule of Due from Beneficiaries
June 30, 2023
Fund Description Amount
N/A New Mexico Finance Authority - Cigarette Tax 543,793$
N/A Northern New Mexico University - Unspent General Funds
401,661
Total amounts due from beneficiaries
945,454$
57
State of New Mexico
Component Appropriation Funds
Schedule of Amounts Due to Other State Entities
June 30, 2023
Agency Description Amount
33700 State Investment Council
1,873,743,752$
Total amounts due to other state entities
1,873,743,752$
CLA(CliftonLarsonAllenLLP)isanindependentnetworkmemberofCLAGlobal.SeeCLAglobal.com/disclaimer.
CliftonLarsonAllenLLP
CLAconnect.com
58
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED
IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
Mr. Wayne Propst, Cabinet Secretary
State of New Mexico General Fund Audit
And Mr. Joseph M. Maestas, P.E., New Mexico State Auditor
Santa Fe, New Mexico
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the financial statements of each of the
statutorily and administratively created funds that comprise the Component Appropriation Funds of the
State of New Mexico (the Component Appropriation Funds), as of and for the year ended June 30,
2023, and the related notes to the financial statements, and have issued our report thereon dated
November 22, 2023.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Component
Appropriation Fund’s internal control over financial reporting (internal control) as a basis for designing
audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions
on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the
Component Appropriation Fund’s internal control. Accordingly, we do not express an opinion on the
effectiveness of the Component Appropriation Fund’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control, such that there is a reasonable possibility that a material
misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a
timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control
that is less severe than a material weakness, yet important enough to merit attention by those charged
with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any
deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses or significant deficiencies may exist that were not identified.
Mr. Wayne Propst, Cabinet Secretary
State of New Mexico Department of Finance and Administration
And Mr. Joseph M. Maestas, P.E., New Mexico State Auditor
59
Report on Compliance and Other Matters
As part of obtaining
reasonable assurance about whether the Component Appropriation Fund’s
financial statements are free from material misstatement, we performed tests of its compliance with
certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which
could have a direct and material effect on the financial statements. However, providing an opinion on
compliance with those provisions was not an objective of our audit, and accordingly, we do not express
such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that
are required to be reported under Government Auditing Standards.
Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the
entity’s internal control or on compliance. This report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the entity’s internal control and
compliance. Accordingly, this communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Albuquerque, New Mexico
November 22, 2023
60
State of New Mexico
Component Appropriation Funds
Schedule of Findings and Responses
For the Year Ended June 30, 2023
Section I — Summary of Auditors’ Results
Financial Statements
Type of auditor’s report issued: Unmodified
Internal control over financial reporting:
Material weakness(es) identified?
yes no
Significant deficiency(ies) identified that are
not considered to be material weaknesses?
yes none reported
Noncompliance material to financial
statements noted?
yes no
Section II — Financial Statement Findings
None
61
State of New Mexico
Component Appropriation Funds
Schedule of Prior Year Audit Findings
For the Year Ended June 30, 2023
Audit
Finding Status
None NA
62
State of New Mexico
Component Appropriation Funds
Exit Conference
For the Year Ended June 30, 2023
Exit Conference
An exit conference was conducted on November 27, 2023, via a closed video session, in which
the contents of this report were discussed with the following:
Component Appropriation Funds Management
Wayne Propst Cabinet Secretary
Mark Melhoff State Controller (Acting)
CliftonLarsonAllen, LLP (CLA)
Matt Bone CPA, CGFM, CGMA Principal
Emily Wilson CPA, CFE Principal
Financial Statement Preparation
Management of the State of New Mexico Component Appropriation Funds (Component
Appropriation Funds) prepared the financial statements presented in this report.
