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Lt. Gov. Dan Patrick calls audit of Texas Southern University financials ‘beyond disturbing’
Audit reveals 700+ invoices worth $280 million linked to expired contracts and 97% vendor record mismatches, highlighting systemic financial mismanagement at Texas Southern University.
- Texas Southern University could not account for millions of dollars in spending due to lack of proper oversight and safeguards.
- Records for 97% of vendors checked did not match contract documentation, and 50 assets worth $3.2 million were lost due to lack of inventory checks.
- Lt. Gov. Dan Patrick vowed to ensure taxpayer dollars are accounted for at TSU, while the university stated it is implementing initiatives to improve financial controls.
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State Audit Confirms Widespread Financial Failures at Texas Southern University
Lt. Gov. Dan Patrick warns that legislative action will follow if the institution fails to implement permanent reforms. The post State Audit Confirms Widespread Financial Failures at Texas Southern University appeared first on Texas Scorecard.
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Lt. Gov. Dan Patrick calls audit of Texas Southern University financials 'beyond disturbing'
Texas Southern University has “significant” financial weaknesses, the result of whole departments bypassing established purchase guardrails and the university failing to enforce established contract and accounting procedures, a state audit released this week reveals.
·United States
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Total News Sources20
Leaning Left5Leaning Right2Center11Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 28%
C 61%
11%
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