To all Behavioral Health Services Division (BHSD) Contracted Vendors and Providers:

BHSD utilizes State and Federal funds to pay for services administered by our provider network. BHSD is sending out this notice to the vendor and provider network as a reminder that providers are responsible for submitting their Financial Audits and/or Reports. Failure to submit may be grounds for termination of the Scope of Work.  

BHSD Annual Audit Requirement:  

By signing of the annual Scope of Work (SOW), the vendor/provider agrees to submit an annual financial audit or report to BHSD. Details of this agreement are in the Annual Financial Reports section of the SOW. It states: The most recent financial audit or report must be submitted any time throughout the fiscal year or no later than 30 days after the close of the state’s fiscal year.  

There is no reimbursement for the preparation of the financial audit or report and the vendor/provider shall not request payment from BHSD for the preparation costs of annual financial audits or reports.  

Where to Submit:

To ensure proper delivery and receipt submit the annual audit or financial report electronically to:           

Behavioral Health Services Division

Subject: Audit Report for FY22 (include the vendor/provider name)

Email:  BHSD.finance.team@state.nm.us  and cc support@fallingcolors.com

For questions regarding BHSD financial reporting, please contact Tammy Soveranez at (505) 709-5644 or Tammy.Soveranez@state.nm.us

Falling Colors Annual Audit Requirement:

All vendors and providers, upon contracting with Falling Colors, the current Administrative Services Organization (ASO), signed either the Client-Based or Non-Client Based agreement. This agreement included an annual responsibility to submit a financial audit or report dependent on the awarded amount. Details of this agreement are in ARTICLE 13 (Non-Client Based Agreement) ARTICLE 14 (Client Based Agreement). There is no reimbursement for the preparation of the audit or report and the vendor/provider shall not request payment from Falling Colors for the cost of preparation of annual financial audits or reports.

Where to Submit:

Falling Colors: To ensure proper delivery and receipt, the vendor/provider financial reporting shall submit their annual financial reports electronically to:           

                                   Falling Colors Corporation

                                   Attn: Controller

                                   Email: support@fallingcolors.com

For questions regarding Falling Colors financial reporting, please contact Support at support@fallingcolors.com

Thank you for complying with this contract requirement. 

Respectfully,

NMStar Support

BHSD Finance/Operations Team