That’s a pretty hefty misuse of credit cards. Time to dock people’s pay?
WRAL News reports:
Audit: Fayetteville State University employees misused $692,000 in credit cardsFayetteville State University employees are under investigation for unapproved purchases and misuse of university-issued credit cards.According to an investigative audit from the North Carolina Office of the State Auditor (OSA), staff members in Fayetteville State University’s Office of Strategic Communication (OSC) used FSU-issued travel cards and purchasing cards for undocumented and unallowed credit card purchases totaling $692,239 between Jan. 1, 2022, and Aug. 31, 2023.The misspent amount of $692,239 includes:
- $575,123 spent in purchasing cards, unallowable per university policy
- $84,469 spent in travel card purchases, unallowable per university policy
- $322,743 on P-card and T-card purchases without sufficient documentation
The total of $692,239 comes from the three items above, excluding $290,096 worth of purchases that were both unallowable per university policies and did not have sufficient documentation.Additionally, more than $165,000 in university funds was paid to employee-owned businesses. The investigation revealed employees did not disclose the businesses in which they had a financial interest.The associate vice chancellor for OSC, the director of digital strategy and the assistant vice chancellor for marketing and creative services for FSU spent more than $5,500 on Amazon.com, the investigation revealed.The audit alleges the associate vice chancellor and the director of digital strategy used travel cards to pay consultants nearly $72,000. The investigation revealed the two spent more than $1,000 so they could arrive early and fly first class to a conference in New York City. They spent hundreds of dollars at a spa during the first day of the conference, the investigation suggests.
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