All posts tagged "audit"

  • 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
    • 0
  • 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
    • 0
  • 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
    • 0
  • 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
    • 0
  • Grawemeyer Hall U of L
    Audit unearths dysfunction and questionable financial deals between U of L, foundation

    By Kyeland Jackson — After 18 months of investigation, Kentucky Auditor Mike Harmon’s audit found questionable practices between the University of Louisville and the U of L Foundation, U of L’s endowment manager. Citing “serious weakness” in ULF’s...

    • Posted December 14, 2016
    • 0
  • CFO Harlan Sands, Chief Financial Officer
    U of L’s chief financial officer resigns

    By Briana Williams — After serving nearly two years as U of L’s chief financial officer, Harlan Sands is leaving the position. Originally reported by WDRB.com, Sands sent Acting President Neville Pinto his resignation letter on Nov....

    • Posted December 2, 2016
    • 0
  • KFC YUM! Center
    KFC YUM! Center faces possible audit

    By Kyeland Jackson — Kentucky Auditor of Public Accounts Mike Harmon might have another audit relating to U of L. WDRB first reported the story, as Kentucky lawmakers requested Harmon audit management of the KFC YUM! Center Tuesday. The lawmakers...

    • Posted October 19, 2016
    • 0
  • The Louisville Cardinal News
    Brief: U of L investigation stalled by late reports

    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...

    • Posted May 4, 2016
    • 0
  • The Louisville Cardinal News
    New business center aims for efficiency

    By Kyeland Jackson — Adhering to the 21st Century Initiative, a business operations center will be coming to the Belknap Campus. Chief Operating Officer Harlan Sands hopes the plan will streamline business and encourage efficiency. Presenting in the Chao...

    • Posted April 22, 2016
    • 0
  • University of Louisville Board of Trustees
    COO says audit has strengthened financial controls

    By Kyeland Jackson — Chief  Operating Officer Harlan Sands told a trustees committee the university is making progress in strengthening internal controls to limit theft and misuse of funds. The board of trustees audit committee also is...

    • Posted April 15, 2016
    • 0