FINDINGS| At a glance

The certified public accounting firm of Packer Thomas conducted audits of YSU's payroll, general accounting, and the financial gifts it receives. Some of the findings and the university's responses are:
Some documentation received by the general accounting office from other departments didn't have evidence of formal approval by officials with those other departments. YSU will require formal approval.
A donor made a gift for two projects but didn't list a specific dollar amount for each. YSU has an unwritten policy to equally divide the pledge. The audit recommends a written policy; something that the university says will be implemented.
University fund-raising guidelines state all gifts received should go through the development office. But quarterly scholarship checks are received and processed by general accounting. YSU will notify the university development office about quarterly scholarship checks in the future.
About $2,900 of a financial gift from December 2003 hadn't been distributed as of May 2004. YSU will review old gift balances and decide what to do.
There is a lack of integration of the information systems used by the development and general accounting departments causing some duplication in recording scholarship fund receipts. The university is working to change that.
Source: YSU audits