Texas Southern University
A Cash Review at Texas Southern University
Report Number 97-068
June 1997
Overall Conclusion
The condition of the financial records and the lack of coordination between computer systems contributes to a high risk that Texas Southern University (University) funds are not spent appropriately. In our cash review, various questionable costs and exceptions to appropriate operating procedures, which have had a negative effect on the University, were noted:
- The University allowed inappropriate expenditures, providing excessive reimbursement to an employee and permitting expenditures without sufficient support.
- The University had ineffective management of expenditures, paying for services that were not needed and overpaying one vendor, thus losing interest income on funds.
- The University retained financial aid money in excess of mandated time limits, withholding financial aid from students for an unwarranted period.
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