Jun 17, 2010
Archived: Auditor Releases SCSU Finance Report
The state Legislative Auditor released a report on the financial activities at St. Cloud State University between July of 2007 and December of 2009. Overall, the state auditor says St. Cloud State had “adequate” control over its financial activities, like tuition and fees, employee salaries, and operating expenses. However, there were a few issues highlighted in the report released Tuesday.
The audit found SCSU did not adequately restrict employees’ use of university-issued credit cards. Furthermore, the report says SCSU didn’t have an adequate system in place to ensure its employees weren’t getting reimbursed for questionable purchases.
The report also says the university did not appropriately handle its marketing agreement with a firm that is selling the naming rights and securing sponsorship money for the renovated National Hockey and Event Center. The audit says before signing the marketing agreement, St. Cloud State should have approved a measure to allow the SCSU foundation to assign marketing rights to the firm.







































