State Auditor: University of North Texas Should Pay State Back $75.6 Million
According to a state auditor's report released Thursday, the University of North Texas should be required to pay the state at least $75.6 million over the next 10 years as repayment for state funding it should not have received.
The university was able to receive extra funding, according to the report, by manipulating payroll expenditures and using state funds to pay employees whose positions were not eligible for state funding.
"This report is accurate and it confirms what we presented at the state auditor and other state officials starting in February," University of North Texas System Chancellor Lee Jackson told The Texas Tribune. "This report has, after interviews with current and former finance administrators in Denton, confirmed the practices that we discovered and thought were inappropriate."
Documents examined by the state auditor's office found that these accounting practices, which the report describes as "not appropriate" and "not a typical practice at other higher education institutions," have been occurring since at least 2000.
Read more: http://www.texastribune.org/2014/09/25/state-auditor-unt-should-pay-state-back-756-millio/
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