All posts tagged "audit"

  • 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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  • Grawemeyer hall, thinker, thinker statue, u of l, louisville, university of louisville
    U of L extending audit, approved budget

    By Kyeland Jackson — U of L wants to continue the audit investigation, approving $200,000 more to extend the audit. The university’s board of trustees extended the audit Thursday, setting aside up to $200,000 to pay the...

    • Posted June 15, 2017
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  • U of L Foundation; ULF
    U of L Foundation to investigate audit, further reform

    By Kyeland Jackson — The University of Louisville Foundation created an ad-hoc committee to investigate last week’s audit. The committee, chaired by trustee Earl Reed and including the ULF Chair Diane Medley, would investigate the audit and recommend...

    • Posted June 14, 2017
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  • 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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