State University of New York

College at Buffalo: Selected Financial Management Practices

We examined the controls over faculty time and attendance practices and certain cash collections at the State University College at Buffalo. We identified significant weaknesses in these controls. As a result of these weaknesses, leave accruals may not have been charged for all faculty absences and College funds may have been misappropriated. For example, thousands of dollars in cash collections were never deposited into the authorized accounts, but instead were kept with personal funds by the College's athletic director, who said that he used the funds to pay expenses relating to account activities. We were not able to confirm these expenditures, because the athletic director did not maintain supporting documentation. We referred this matter to the State Attorney General for further investigation. We note that the weaknesses in cash controls were identified in two prior audits, but were not corrected by College officials.

For a complete copy of 95-S-82 click here.
For a copy of the associated follow-up report click here.
For a copy of the 90-day response click here.