ULM Audit: Missing Recreational Svcs Funds

In an audit released yesterday, the Louisiana Legislative Auditor (LLA) reported the following at the University of Louisiana at Monroe (ULM):

The University’s internal auditor issued a report that identified missing funds totaling $58,554 in the Department of Recreational Services (DRS) as a result of control deficiencies over cash. In addition, the report noted that additional funds could be missing because some pre-numbered receipts had been totally removed from the receipt books and approximately three months of cash register tapes were not located. The internal auditor’s test of controls covered a period from May 28, 2010, through August 1, 2012.

See here the complete report.

It should also be noted that management has instituted corrective actions to prevent future recurrences of the problem.

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4 Responses to “ULM Audit: Missing Recreational Svcs Funds”

  1. He Who Wants Justice Says:

    Must be watching the Jonesboro Mayor in action and it reminds me of an old saying – MONKEY SEE; MONKEY DO!

  2. Anonymous Says:

    Funny how the audit restricted itself to a certain time frame… especially when the auditor said they needed to go back further…

  3. Mindy Says:

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