UCF Loves To Illegally Spend Money

From the Central Florida Future:

UCF mishandled several million dollars in funds and is spending more money than it should, according to a recent state audit.

At a time when state budget cuts to education have caused reductions in classes, caps on enrollment and stalls on faculty raises, the findings for the fiscal year ending June 30, revealed 13 instances of university funds being used improperly.

Several findings involved the university assessing fees and transferring funds without having legal authority for its actions. According to the audit, the university loaned $7.4 million to the UCF Athletics Association Inc. in violation of Florida statutes. There is not yet a plan as to how that money will be paid back.

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