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 This material may not be published, broadcast, rewritten or redistributed.)
- Tour Bus Hits Truck, Killing 13, Injuring 31 In California
- AP Top 25: Ohio State Slips, Penn State In, Houston Out
- Tyler Perry’s ‘Madea’ Tops Cruise’s ‘Jack Reacher’ Sequel
- Richardson Police Investigating Fatal Motorcycle Accident
- Man Found Guilty Of Manslaughter For Fatal Punch In Corpus Christi
- PHOTOS: Your Pet Pictures