Audit: Problems continue for Chicago State

March 22, 2012 3:46:17 PM PDT
A state audit has found Chicago State University cannot locate $3.8 million worth of equipment including 950 computers that could have confidential information on them.

The review by Auditor General William Holland continues a string of reports of poor financial oversight at the university. But the school issued a statement saying the number of problems discovered had dropped because of a new administration's "proactive approach" to correcting them.

The 1,840 items that turned up in inventory problems included a $106,000 library book sorter purchased in 2006 that could never be used and was returned for a $15,000 credit this year.

The audit found problems with scholarship awards, overspending a federal grant and improperly spending money on a New Orleans tour for 16 students and two staff.