The Office of the State Auditor plans to conduct a special audit investigation of the town of Estancia.
The probe concerns a $33,000 financial discrepancy in the town's fiscal 2015 annual financial audit.
According to the state auditor, the town notified the office about concerns with cash balances in various accounts.
Estancia received a "disclaimer of opinion" on the audit, meaning the town failed to support its financial statements.
State Auditor Tim Keller says Estancia's citizens deserve to be assured that their public funds are accounted for properly.