State University of New York

College at Buffalo: Selected Financial Management Practices (Follow-Up Review)

In our prior audit report 95-S-82, we examined the controls at the College of Buffalo over faculty time and attendance practices and certain cash collections. We found that, as a result of significant weaknesses in these controls, 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. In our follow-up review, we found that College officials have generally implemented our recommendations relating to cash collections, but have not implemented some of our recommendations relating to faculty time and attendance practices.

For a complete copy of Report 98-F-11 click here.