The Office of the New Mexico State Auditor has formally notified the University of New Mexico of its intent to take a long, hard look into the finances of Lobo sports, according to a document obtained by NMFishbowl.com.
On Wednesday, State Auditor Tim Keller sent a letter to UNM Interim President Chaouki Abdallah, informing him that OSA had designated UNM and its component units for Special Audit. Keller wrote this determination came after his office had received “information raising concerns related to athletic fundraising activities and expenses.”
The special audit, which will be handled in-house by the State Auditor’s staff, is a significant and rare step speaking to the gravity of the concerns raised about the use of funds for UNM Athletics. Typically, the State Auditor, which oversees 1,500 public entities across New Mexico, will conduct only a handful of special audits each year.