CSN Log
April 13th, 2009, 05:40 PM
04-13-2009 04:33 PM
Officials: UCA not hiding things in funding reporting
Brad Teague, University of Central Arkansas’ athletic director, said the university had nothing to hide in the manner that it handled a percentage of money from fees not related to athletics being transferred to the athletic department during the transition to NCAA Division I.
State officials have said UCA did not follow appropriate accounting procedures in reporting the use of auxiliary fees for athletic funding, which they maintain is a violation of state law that carries no penalty. They claim state law mandates that a fee in which some amount is used for athletics must be clearly identifiable in public records and on student financial statements.
Read more ... (http://www.championshipsubdivisionnews.com/index.php/2009/04/13/officials-uca-not-hiding-things-in-fundi?blog=2#more4669)
Officials: UCA not hiding things in funding reporting
Brad Teague, University of Central Arkansas’ athletic director, said the university had nothing to hide in the manner that it handled a percentage of money from fees not related to athletics being transferred to the athletic department during the transition to NCAA Division I.
State officials have said UCA did not follow appropriate accounting procedures in reporting the use of auxiliary fees for athletic funding, which they maintain is a violation of state law that carries no penalty. They claim state law mandates that a fee in which some amount is used for athletics must be clearly identifiable in public records and on student financial statements.
Read more ... (http://www.championshipsubdivisionnews.com/index.php/2009/04/13/officials-uca-not-hiding-things-in-fundi?blog=2#more4669)