TALLAHASSEE Fla.
Already on probation for financial irregularities, Florida A&M University has been hit with another state audit critical of the way the school does its business.
An audit released Friday covered a period between July 2005 and June 2006, when Castell Bryant was serving as interim president. It cited problems in 13 areas three more than the audit done for the 2004-2005 fiscal year.
Among other things, auditors couldn’t verify contracts and grants totaling $27.4 million and another $5.7 million in student fees.
“We were unable to satisfy ourselves as to certain amounts reported on the financial statements,” the auditors stated in the report.
James Ammons, who took over as FAMU’s president on July 2, said some of the findings were expected and that corrective action had already begun.
“While this audit is in no way a reflection of our current work in these areas, it provides a glimpse of what the previous administration faced and how we must continue to steer clear of those pitfalls,” Ammons said Friday.
