FINANCE

Ruidoso's Finance Department is the municipality's financial backbone, managing budgeting, accounting, and fiscal affairs. Prioritizing transparency and efficiency, it oversees revenue collection, expenditure tracking, and financial reporting for legal compliance.

 

Judi Starkovich, Finance Director

T: (575)-258-4343
F: (575) 258-3017
JudiStarkovich@ruidoso-nm.gov

 

 

Accounts Payable

Vendors must provide both federal and state tax identification numbers to perform services for the Village. Please contact Purchasing or Accounts Payable personnel for assistance. Vendor ID numbers must be established prior to submission of invoices.

All invoices submitted must include the following:

  • Date of services or purchase of goods

  • Vendor name and mailing address

  • Description of goods or services

  • Total amount due

The Village of Ruidoso is exempt from sales tax on tangible goods with the exception of construction items. Sales tax will be paid on labor, services and construction items. If an invoice includes sales tax on parts or goods, it will be deducted from the disbursement. Please contact Purchasing if you need a Non-Taxable Transaction Certificate.

Budget Process

The fiscal year for the Village of Ruidoso is July 1-June 30, and the budget process is as follows:

  • Budget preparation begins in February with management review and projection of revenues for the upcoming year.

  • Department directors prepare budget requests based on historical information and guidelines for the upcoming year; meetings are scheduled with the Manager and Finance Director for review.

  • A preliminary budget is prepared for the governing body by late April.

  • Public hearings are held in early May to review the preliminary budget.

  • Preliminary budget is adopted and sent to Department of Finance and Administration (DFA) in late May.

  • Fiscal year end closes June 30.

  • Final budget is adopted and sent to DFA in late July.