* Time for a change…
An audit of Chicago State University by the state’s auditor general released on Wednesday found that the embattled university improperly reported more than $51 million in federal awards.
According to the report by the state’s Auditor General Frank Mautino, the university did not properly prepare expenditure reports, as federal law requires, for federal awards amounting to $51,731,277 for two loan programs from the Department of Education.
Two awards from the Department of Health and Human Services related to a program for providing education and training to eligible individuals for health-care related professions were also improperly classified, the report said.
The university is required to identify in its accounts all federal awards received and expended, and the federal programs under which they are received, the report said.
The university responded that it agreed with the recommendation but said that it had properly reported the loan amounts within the “footnotes” of their report.
There’s more, so go read the whole thing. The official summary report digest is here.
* Chicago State University Postpones Decision on Administration Changes