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 business.
An audit released Friday covered a period between July 2005 and June 2006, when Dr. Castell V. 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 $27.4 million in contracts and grants or $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.
Dr. James H. Ammons, who took over as FAMU’s president on July 2, says some of the findings were expected and that corrective action has 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.
