Kentucky State University has located all the money unaccounted for in a recently released federal audit of the school's Title III program, says its interim president.
Moreover, President William Turner has moved Title III, a federally funded program designed to strengthen and enhance historically black colleges and institutions, from the office of university advancement to academic affairs.
The university's actions come on the heels of a recently released report from the U.S. Department of Education Office of Inspector General. That report, which examined Title III expenditures between 1998 to 2001, said KSU must reimburse $28,000 in expenditures for which auditors could not find adequate documentation.
The report reviewed only 80 Title III expenditures - there were more than 6,000 - also advised university officials to do a thorough review of all Title III expenses during the audited time period. During the audited time period, KSU received $3,618,657 in Title III funds.
Turner, who was named interim president in December, said the $28,000 federal auditors said were unaccounted report have been found. No money was missing or had been misused from Title III, Turner said, and questions raised about the money amount to lack of documentation.
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