Feb 28
2018
State audit challenges UB Foundation spending
The University at Buffalo Foundation spent almost $40,000 on questionable entertainment expenses, operated for three years under an expired contract with the campus, and lacks policies to ensure contracts are competitively bid, according to an audit released yesterday by the state comptroller’s office. The foundation also paid the salaries of two retired university staff members who returned to state employment, while they were also collecting state pensions – allowing them to circumvent state caps on “double-dipping,” the report found. The private UB Foundation is technically separate from the public university, but has long faced pressure to be more transparent[...]