Annual Report

The Fiscal Year 2024 (FY24) Audit Report provides a comprehensive overview of the organization's financial health and operational performance for the year ending September 30, 2024.

Independent Auditor's Report: Rose Rock CPA’s PLLC conducted an independent audit, resulting in an unmodified (clean) opinion on the organization's consolidated financial statements for FY2023 and FY2024. The auditors concluded that the financial statements present the organization's financial position as of the specified dates.

Management Discussion and Analysis (MD&A): The MD&A section offers insights into the organization's mission, structure, and financial performance. The Management’s Discussion and Analysis (MD&A) of the Comanche Nation Governmental Programs Department (the “Department”), located in Lawton, Oklahoma, provides an overview and overall review of the Department’s financial activities for the year ended September 30, 2024. The MD&A intends to examine the Department’s economic performance as a whole.

Financial Highlights: The total governmental net position increased by $1.4 million, or 2%, from the prior year. The net position classified as unrestricted represents $39.3 million, or 42% of the total governmental net position, and may be used to meet the Department’s ongoing obligations to its Tribal members and creditors.

Total governmental assets decreased by $3.9 million, or 3% from the prior year. This is primarily due to a decrease in cash and amounts from other Comanche Nation entities, partially offset by increased capital assets.

Financial Statements: The audited financial statements include the Balance Sheet, Statement of Revenues, Expenditures, Changes in Fund Balances, and the Statement of Cash Flows. These statements provide detailed insights into the organization's financial activities and position for FY2024.

Summary of Auditor's Results, Findings, and Questions: The independent audit conducted by Rose Rock CPA’s PLLC resulted in a clean opinion, with no significant issues identified. The auditors commended the organization's financial management and the efficiency of its economic team.

The FY24 Audit Report reflects a well-managed organization that has effectively navigated financial challenges.  Thus, there are no findings on compliance or internal controls, all while maintaining a strong commitment to its strategic objectives.