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Southern University System files late financial report

3 years 11 months 2 weeks ago Monday, March 30 2015 Mar 30, 2015 March 30, 2015 10:07 AM March 30, 2015 in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - Auditors had trouble collecting the information needed to review the Southern University System's books for the last budget year.

Legislative Auditor Daryl Purpera says the university system filed its annual financial report with the state two months late. And the auditor's office says the financial report that was filed had numerous errors and omissions.

In a report released Monday, Purpera's office said auditors waited as long as three months to track down some financial information from Southern for the fiscal year that ended June 30.

Southern University System President Ronald Mason blamed "major transitions" in management, employee turnover and vacancies in several financial positions for the problems.

In a written response to the audit, Mason said the university system is reviewing its processes and staffing levels to make improvements.

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