APSCUF Financial Investigation

BY VICTORIA KRUKENKAMP

Managing Editor

On December 3, the Association of Pennsylvania State College and University Faculty (APSCUF) released a report that indicated there has been misappropriation of funds as well as negligent reporting of debts on the part of several Pennsylvania State System of Higher Education (PASSHE) universities.

The accounting firm, Boyer & Ritter, was hired by APSCUF to investigate the finances of the PASSHE universities that have discussed retrenchment of faculty as a response to financial difficulties.

According to APSCUF, the report also indicated that there is a demonstrable lack of quality budgeting.

APSCUF has commissioned Boyer & Ritter to look at the financial statements of the other seven PASSHE universities.

“Our universities continue to be in dire need of additional state funds, and it is clear that cuts to the system have led to some very bad decisions at universities,” said APSCUF President, Steve Hicks.

***UPDATE***

ESU’s Vice-President of Administration and Finance Ken Long responded Thursday, calling the report “amateurish,” and not an analysis that he would’ve expected from what appears to him to be a “good firm.”

Email Victoria at:

vkrukenkam@live.esu.edu

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