Thursday, December 13, 2007

After report, Chicago State takes steps to tighten control of school finances

This story if from the Associated Press about the story yesterday about Chicago State...
Chicago State University trustees have taken steps to tighten their control over school finances.

The move comes after a published report this week that the university bought two copy machines in 2007 from a firm that's owned by a Chicago State employee.

Among other steps, board members voted to meet more often. And chair Betsy Hill emphasized that purchases greater than a quarter million dollars will have to be brought before the board.

The trustees also told the Chicago Tribune they intend to look into how the $251,000 purchase _ without a bidding process _ was allowed to happen.
...
Earlier this year, a state audit revealed financial controls at Chicago State were too lax.

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