State Auditor Mike Harmon found several systemic problems within Kentucky State University’s finances.
Following an investigation which began in April 2022 after the passage of House Bill 1, Harmon’s office found a total of twenty significant issues within the Kentucky State University report.
Those issues include undocumented credit card transactions, extravagant bonuses and a lack of controls that put millions in federal grant funding at risk.
Harmon said this is not the first time this office has conducted a special examination of Kentucky State University. In 2000, a report by former Auditor Ed Hatchett detailed 16 findings addressing university financial controls. Many of the issues identified in that report still appear to be problems within the university.
Harmon said recommendations have been provided to the university to address areas of concern within the report.
Source: WAVE
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