Chicago State University has been unable to locate $3.8 million worth of equipment, including 950 computers that could contain confidential information, according to a state audit.
The review released Thursday 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 audit also found problems with scholarship awards, lax contracting oversight, overspending a federal grant and improper spending on a New Orleans tour.
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