Brief: U of L investigation stalled by late reports

By on May 4, 2016
The Louisville Cardinal News

By Kyeland Jackson —

Kentucky State Auditor Mike Harmon reported U of L and the U of L Foundation are late in giving documents needed for his investigation.

Originally reported by WDRB, Harmon cited documents that were late or containing “unclear or inconsistent” information. He has given the university and the foundation until May 17 to supply the documents needed.

U of L spokesperson John Karman said the administration and foundation are cooperating, though have trouble supplying the more than 6,000 papers under budget cuts.

“We are trying to meet the requirements of the auditor’s staff,” Karman said.

Because documents have not processed as quickly as requested, the report may not be completed until July – a month after the proposed finish date.

Harmon’s audit continues the investigation by the previous state auditor, and looks into money spent by U of L’s administration and foundation.

The audit began last year after news of President James Ramsey’s deferred compensation packages hit the university. Ramsey, president of U of L and it’s foundation, reportedly received millions in bonuses from the foundation. A motion in January considered removing Ramsey from the head of the U of L Foundation, but the motion was not issued.

This story will be updated. 

About Kyeland Jackson

Editor-in-Chief at The Louisville Cardinal.

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