NEW ORLEANS – Mayor Helena Moreno today announced that the City of New Orleans submitted its Fiscal Year 2025 Annual Comprehensive Financial Report to the Louisiana Legislative Auditor by the statutory deadline June 30th, 2026, marking another important milestone in the City’s efforts to restore fiscal discipline and accountability.
The city has had an inconsistent track record of submitting its annual audits on time. In fact, before this year’s filing, only one annual audit had been submitted by the statutory deadline since 2019. The timely submission of the Fiscal Year 2025 audit marks another significant step toward making accountability and sound financial management the standard, not the exception.
Louisiana law requires local governments to submit their annual audited financial statements to the Louisiana Legislative Auditor within six months of the close of the fiscal year.
“Timely financial reporting is one of the most fundamental responsibilities of government,” said Mayor Helena Moreno. “Submitting our audit on time reflects our commitment to accountability, transparency, and responsible stewardship of taxpayer dollars. It is another example of this administration doing the hard work necessary to restore confidence in City Hall and strengthen the City’s financial foundation.”
Mayor Moreno also recognized the extraordinary efforts of Finance Director Alyssa Rambeau, Deputy Finance Director Freda Richardson, and Chief Administrative Officer Joe Giarrusso, thanking them for the countless late nights and around the clock work that made the timely submission possible.
“Before and since taking office, Mayor Moreno prioritized working diligently, tackling hard and seemingly intractable problems, and delivering results on time to benefit all New Orleanians,” said CAO Joe Giarrusso. “Filing the audit timely shows exactly that emphasis. This is another step in Mayor Moreno’s objective to ensure New Orleans is regaining its financial footing. Kudos to Finance Director Alyssa Rambeau and Deputy Director Freda Richardson and the Finance team for timely completing the audit.”
“The Mayor and CAO have been very clear in their direction: right the City’s fiscal ship, and work with urgency to restore confidence to all our stakeholders, most especially the people of New Orleans. I’m proud to say our team has been relentless in that purpose and we’re starting to see the fruit of that labor.” said Finance Director Alyssa Rambeau. “Delivering this audit on time was a huge task but an essential one. We know how important it is to get our house in order and the team worked diligently and with the urgency necessary to deliver. Thank you to the CAO and to the mayor for your leadership.”
Since taking office, the Moreno administration has prioritized strengthening the City’s financial operations by improving internal coordination, establishing clear timelines, and working proactively with independent auditors to ensure the audit process remained on schedule.
Timely audits provide taxpayers, bondholders, state oversight agencies, and the public with reliable financial information and are a key indicator of sound financial management. The timely submission of the Fiscal Year 2025 audit is part of the Moreno administration’s broader effort to strengthen the City’s financial management, improve operational performance, and build lasting public confidence in City government.