September 11th, 2019 | by CollegeAD

Florida A&M’s athletic department has come under heavy scrutiny for a myriad of reasons. The problems range from unauthorized use of auxiliary funds to pay down the department’s debt to compliance infractions. While these occurrences took place under previous officials, the current administration bears the burden of responsibility of making sure mistakes are not repeated. Last month, members of the Board of Governors Audit and Compliance Committee cited issues with FAMU’s abilities to run a sustainable athletics program. During the meeting, the committee heard a presentation from the forensic auditing firm Carr, Riggs, and Ingram indicating FAMU violated Board of Governors regulations due to inappropriate transfers totaling nearly $2.7 million. According to the report, this money was used to pay down debt in the athletics department. FAMU Athletics Director John Eason’s short-term plan for a resolution is to clear the debt for the inappropriate transfer of funds. As a result of the inappropriate transfers, the payback debt is now about $9 million. Eason said his goal is to achieve this through enhanced fundraising. – Rory Sharrock, Tallahassee Democrat, Read More

About CollegeAD
Have a tip, job posting, or press release for CollegeAD? Email us atĀ [email protected], or direct messageĀ @collegead. Sources always remain anonymous.

Comments are closed.

A Briefing Of The Day's College Athletics News
To Your Inbox Tonight.

* indicates required