DENTON (AP) – Financial documents show the University of North Texas improperly obtained $83.5 million in state money for employee benefits and salaries over more than 10 years ending in April.
Chancellor Lee Jackson says it’s not clear how much the Denton school may have to repay and how much time it might get to repay.
Jackson tells the Denton Record Chronicle he believes state officials would agree to a settlement that doesn’t hurt the school’s educational mission.
Results of an investigation by a consulting firm released Thursday don’t say if the money was obtained deliberately or by mistake. Jackson says more investigating is needed.
The school’s annual budget is about $520 million.
A new president took over this year, three top finance officials have resigned and a state audit is continuing.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- 12-Year-Old Dead, 2 Children Critically Injured After Denton 4-Vehicle Crash
- Fort Worth Police Searching For Robbery Suspect
- Kansas State Upsets Top-Ranked Oklahoma, 80-69
- Grand Champion Steer Sells For $210,000 At Fort Worth Stock Show Auction
- Johnson Rallies North Texas 80-69 Over Louisiana Tech
- PHOTOS: Your Pet Pictures