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Univ. of North Texas Improperly Obtained $83.5 Million in State Money

DENTON, Texas (AP) _ Financial documents show the University of North Texas improperly obtained $83.5 million in state money for employee benefits and salaries over more than 10 years ending in April.

Chancellor Lee Jackson says it’s not clear how much the Denton school may have to repay and how much time it might get to repay.

Jackson tells the Denton Record Chronicle (http://bit.ly/SY3ELD ) he believes state officials would agree to a settlement that doesn’t hurt the school’s educational mission. Results of an investigation by a consulting firm released Thursday don’t say if the money was obtained deliberately or by mistake. Jackson says more investigating is needed.

The school’s annual budget is about $520 million.

A new president took over this year, three top finance officials have resigned and a state audit is continuing.

Short URL: http://wtaw.com/?p=81979

Posted by on May 30 2014. Filed under News.
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