Daily News Clips
Office of the Chancellor / Public Affairs
Monday, February 23, 2004
 

Fresno Bee 2-22-04

Setting it straight

 

A story on Page A1 of The Bee on Sunday, Feb. 15, about an audit of auxiliary organizations at Fresno State contained several errors.

In the story and in its headline, The Bee was incorrect in its estimate of the amount of money auditors questioned. As a result of actions taken after the audit period, including the sale of the Dinuba-area biomass plant, it is impossible to determine how much money was involved.

The audit did not find any money had been wasted or stolen, but rather cited numerous instances of faulty accounting, poor documentation and lack of oversight. The story should have made clear that the alleged embezzlement of funds by a CSU Fresno Foundation employee occurred after the audit period.

A statement that the auditors found lack of resources, faulty judgments, unintended errors and "circumvention by collusion" was not specific to Fresno State, but was a general observation about the types of typical accounting problems that could lead to serious problems.

Auditors did not find that athletic ticket sales could not be reconciled to cash receipts, only that they were not reconciled. It is The Bee's policy to acknowledge errors promptly. Mistakes should be called to the attention of the editors involved.