Post by Logan on Jun 20, 2016 2:58:04 GMT -6
Jackson State University foundation audit shows thousands in undocumented expenses
Jackson State University’s development foundation canceled all of its credit cards amid an independent accountants’ report that found administrators made thousands of dollars in questionable, unapproved or undocumented purchases using the cards.
David Hoard, JSU’s former vice president of Institutional Advancement, spent almost $24,000 from the university’s development foundation at casinos and on personal items, including cigarettes, meals, movie tickets, travel and utilities, according to the report, obtained by The Clarion-Ledger.
Hoard, who did not return repeated requests for comment, was fired from JSU in August 2014, according to university records. Hoard reimbursed the foundation for all of his charges flagged as questionable in December 2014, when the report was privately released to the nonprofit foundation and the state Institutions of Higher Learning.
After repeated interview requests, a university spokesperson said President Carolyn Meyers was out of town and unavailable for comment. Meyers answered questions posed in writing, however, and said: "At this time, I am confident that the JSUDF employs appropriate and aggressive internal controls, processes and procedures to insure that all donations to the JSUDF are spent properly."
Read more: www.clarionledger.com/story/news/2016/06/16/jsu-foundation-audit-shows-thousands-undocumented-expenses/85951002/
Jackson State University’s development foundation canceled all of its credit cards amid an independent accountants’ report that found administrators made thousands of dollars in questionable, unapproved or undocumented purchases using the cards.
David Hoard, JSU’s former vice president of Institutional Advancement, spent almost $24,000 from the university’s development foundation at casinos and on personal items, including cigarettes, meals, movie tickets, travel and utilities, according to the report, obtained by The Clarion-Ledger.
Hoard, who did not return repeated requests for comment, was fired from JSU in August 2014, according to university records. Hoard reimbursed the foundation for all of his charges flagged as questionable in December 2014, when the report was privately released to the nonprofit foundation and the state Institutions of Higher Learning.
After repeated interview requests, a university spokesperson said President Carolyn Meyers was out of town and unavailable for comment. Meyers answered questions posed in writing, however, and said: "At this time, I am confident that the JSUDF employs appropriate and aggressive internal controls, processes and procedures to insure that all donations to the JSUDF are spent properly."
Read more: www.clarionledger.com/story/news/2016/06/16/jsu-foundation-audit-shows-thousands-undocumented-expenses/85951002/