MetroPhillyTiger
Well-Known Member
College Board stands behind move to fire Ole Miss chancellor -- but looks like he'll be back.We cant get away with what they get away with.
UMMC has a budget of $1.6 billion this year, about 38 percent of the entire budget of $4.2 billion for all eight universities, and Perry said trustees wouldn’t be doing their job if they didn’t “exercise our appropriate control over their financial transactions.”
A review completed in September by the Ridgeland-based accounting firm of Matthews, Cutrer and Lindsay found numerous violations of College Board policy. All contracts over $100,000 are to be voted on by the board, as well as most leases. In at least six cases, UMMC sought retroactive approval for contracts and leases. But in more than 60 other cases, no approval was ever sought, the firm said. In other cases, contracts had no spending limits or completion dates, or showed that UMMC spent more than the amount negotiated by itself or the state’s Department of Information Technology Services.