Report: UCF loaned millions to athletic dept.

MARCH 18, 2008

It's not really USF news, but I figured there might be some interest among readers here: The University of Central Florida may have inappropriately loaned its athletic department $7.4-million and provided $49-million in student fees without proper oversight, according to a report Monday in the Chronicle of Higher Education.

The report is based on a routine operational audit by the state's auditor general, which you can read here. UCF has since discontinued the practices questioned in the audit, according to the Chronicle, and the university "has requested an updated plan of repayment" from UCF Athletics Association, Inc.; no penalty or legal action is expected to come from the findings.

Posted by Greg Auman at 8:29:19 am on March 18, 2008 | Permalink | Comments |

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