All posts tagged "audit"

  • Former CFO files lawsuit over termination

    By Shelby Brown– Former U of L Foundation Chief Financial Officer Jason Tomlinson filed a lawsuit Nov. 9 alleging he was made the “fall guy” in the wake of the release of the foundation’s scathing audit in...

    • Posted November 13, 2017
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  • Details hidden in new foundation, university agreement

    By Shelby Brown– The U of L Foundation went behind closed doors twice today, voting on a potential deal, whilst keeping the terms under wraps. The agreement, still in draft form, was not released. Foundation Director Earl Reed...

    • Posted October 26, 2017
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  • Donors to help pay forensic audit’s $2.2 million tab

    By Shelby Brown– The James Graham Brown Foundation and C.E. and S. Foundation pledged $1 million each to help cover costs for investigating the U of L Foundation. June’s investigative audit, released publicly June 8, now totals upwards of...

    • Posted August 8, 2017
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  • The Louisville Cardinal News
    Board governance committee to revisit conflicts of interest

    By Shelby Brown– The ad hoc committee on board governance set a deadline to review U of L’s conflict of interest policies. The committee will revisit the current policies and procedures, effective since 2011, July 24. Committee...

    • Posted July 17, 2017
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  • Foundation paid executives $8 million in deferred compensation last fiscal year

    By Kyeland Jackson — Between July 2016 and now, the U of L Foundation paid executives more than $8 million in deferred compensation. The ULF Accounting Supervisor Justin Ruhl detailed the payouts during July 14’s finance committee...

    • Posted July 13, 2017
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  • Grawemeyer Hall U of L
    Attorney general launches investigation into U of L

    By Kyeland Jackson — U of L will now be investigated by Attorney General Andy Beshear’s criminal investigations department. Department of Criminal Investigations Commissioner John Moberly announced the probe in a June 30 letter, saying his office...

    • Posted July 13, 2017
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  • Southern Association of Schools and Colleges, SACS, accreditation
    SACS expands investigation again, adds possible violations

    By Shelby Brown– The Southern Association of Colleges and Schools Commission on Colleges, U of L’s accrediting body, added two more possible violations onto U of L’s growing list. There are now nine possible violations of SACS...

    • Posted July 12, 2017
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  • Costs grow for audit expansion

    By Kyeland Jackson — The price to further investigate the University of Louisville Foundation may have doubled. Estimates now price the audit expansion could cost up to $400,000, dwarfing Board Chair David Grissom’s June 15 guess of...

    • Posted July 12, 2017
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  • Grawemeyer hall, thinker, thinker statue, u of l, louisville, university of louisville
    University charts future, expects progress

    By Shelby Brown– While many students deserted U of L this summer, administrators repair damages done by their predecessors. The board of trustees and the foundation have met several times during the summer to discuss the university’s progress. “These...

    • Posted June 30, 2017
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  • ULF, ULREF, ad hoc
    Takeaways from back-to-back Foundation meetings

    By Shelby Brown– The new forensic investigation committee, U of L Real Estate Foundation and the U of L Foundation board of directors met in succession June 22, barely breaking for lunch. The forensic group, still in...

    • Posted June 22, 2017
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