All posts tagged "audit"

  • opinion
    What the forensic audit means for students

    By Megan Brewer– The email students received June 8 titled, “MESSAGE REGARDING FORENSIC AUDIT OF THE U OF L FOUNDATION” is the beginning of U of L’s foundation rebuilding itself. The extensive audit found hidden overspending and more...

    • Posted June 13, 2017
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  • Attorney General to investigate whether U of L Foundation broke laws

    By Kyeland Jackson – After an audit revealed financial dysfunction in the University of Louisville Foundation June 8, Kentucky’s top legal officer said he will decide whether the ULF broke laws. Attorney General Andy Beshear announced the...

    • Posted June 13, 2017
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  • The Louisville Cardinal News
    Audit findings, hiring concerns overshadow Staff Senate agenda

    By Shelby Brown– Anger over the U of L Foundation audit extended the June 12 staff senate meeting by an hour as each discussion led back to the shocking report released June 8. “It was really disturbing...

    • Posted June 12, 2017
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  • U of L Foundation’s top finance officer put on paid leave

    By Kyeland Jackson — After an audit ripped into the University of Louisville Foundation, the foundation’s placed its chief financial officer on paid leave. Insider Louisville reported Jason Tomlinson, the ULF’s CFO, was put on paid leave....

    • Posted June 9, 2017
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  • Grawemeyer Hall, U of L
    U of L board chair: audit “report paints a disturbing picture”

    By Shelby Brown and Kyeland Jackson– An audit released June 8 found damning evidence against U of L’s foundation, revealing ULF overspent, hid transactions from its directors and tried hiding information from the media. The audit, anticipated...

    • Posted June 8, 2017
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  • Grawemeyer hall, U of L
    U of L’s draft budget brings costs, cuts

    By Kyeland Jackson — To Papa John’s CEO John Schnatter’s chagrin, U of L’s new budget brings a bigger price tag to students. U of L’s Board of Trustees reviewed the budget Thursday. The draft promises a...

    • Posted May 18, 2017
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  • U of L Foundation approves its first line-item budget

    By Kyeland Jackson — The University of Louisville Foundation approved its first line-item budget Tuesday, a common financial practice unseen in former president James Ramsey’s tenure. The line-item budget, a move towards transparency, details what assets and liabilities...

    • Posted April 25, 2017
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  • Isaac Sanchez, interim president, Greg Postel
    Interim president upholds tuition promise, supports external search for permanent president

    By Kyeland Jackson — Interim President Greg Postel answered media questions Feb. 14 in his first public interview since becoming interim president three weeks ago. Questions primarily focused on issues concerning accreditation, controlled by U of L’s...

    • Posted February 14, 2017
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  • KFC YUM! Center
    State auditor targets KFC Yum! Center

    Kyeland Jackson — Kentucky auditor Mike Harmon will audit the KFC Yum! Center, answering calls to action by legislators. Legislators asked Harmon to audit the center, managed by the Louisville Arena Authority and leased by the Louisville...

    • Posted January 9, 2017
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  • U of L Foundation; ULF
    Internal foundation audit could cost up to $897,000

    By Kyeland Jackson — An internal audit investigating the University of Louisville Foundation’s financial records and procedures will cost up to $897,000. The Courier-Journal first reported the story, obtaining the contract between ULF and Alvarez & Marsal,...

    • Posted December 24, 2016
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