Green Mountain Falls failed to submit its annual financial audit this summer, and unless the town does so in the next two weeks, its property taxes could be withheld, according to the Office of the State Auditor.

The town contracts with an auditor, who has not explained to the town’s board of trustees why the audit was not submitted on time, said Mayor Lorrie Worthey. The December 2015 financial audit was due on July 31, but the town asked for an extension until Sept. 30, but failed to meet that deadline as well, said Greg Fugate, a spokesmen for the Office of the State Auditor.

“At this time we don’t have any information from him,” said Worthey of the auditor. “The board hasn’t been informed that we did not make that deadline.”

On Oct. 1, the state sent the town a delinquency notice, ordering it to file the audit by Oct. 15 or face financial consequences, said Fugate. As of Monday, the town’s auditor had not filed the audit.

“If we don’t receive the audit by then…we’ll issue a letter to the county treasurer to withhold property taxes,” said Fugate.

In 2014, Green Mountain Falls received $141,697.99 in property taxes. Last year, the town’s approved budget was $435,329, according to budget records on the town’s website. The 2015 budget is projected to be slightly higher than the 2014 number, at $468,893.

Worthey expects that the town’s auditor will explain the two missed deadlines to the board of trustees at a public meeting on at 7 p.m. Oct. 20 in the town hall. Worthey did not disclose what company the auditor works for.