Auditors Tag ULM Athletics

ULM Athletic Department Discrepancies

The University of Louisiana at Monroe’s Athletic Department was not able to reconcile football, basketball, and baseball ticket sales to its cash deposits. For one game selected from each sport, deposits were short by a total of $17,727, the Legislative Auditor said in a report released today.

According to the report, the contractor hired by the University of Louisiana at Monroe Foundation, Inc., to collect ticket sales on behalf of the athletic department did not provide enough detail for the university to completely reconcile its deposits. The report further noted that 3,678 complimentary tickets were issued for the three games without the signatures of the ticket holders, and multiple revenues and expenses were misclassified on the university’s athletic department financial statement.

The state auditor said the report resulted from an annual set of agreed-upon procedures that are used to examine the financial reporting of the athletic department to determine whether it is compliant with NCAA rules and to help the university evaluate its internal controls.

Complete report here.

Advertisements

2 Responses to “Auditors Tag ULM Athletics”

  1. Bradly Peat Says:

    KNOE Poll Results: Who would you like to see as mayor of Monroe? Feb 24, 2016

    Jamie Mayo
    22.73%
    Ray Armstrong
    68.18%
    Tremaine Gordon
    3.03%
    Holly Dixon
    6.06%

  2. Bob Sherunkel Says:

    Maybe the real story here is that ULM has a football team for which people would be willing to pay to watch.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: