BOT approved a retroactive blanket agreement for KPMG @ the tune of $1.9M until June '07. It seems that the IP assigned additional tasks to KPMG without bringing these tasks to the BOT for prior approval. As Trustee Diallo pointed out, we have spent too much money with KPMG. By now, the university could've hired a boat load of CPA's and financiers. Dr. Ali also pointed out that it is reasonably to expect the same audit findings as the previous controversal audit of June '06. Trustee Holmes wanted to know if KPMG would get the surplus correct this time, because they were off by the tune of $10.4M the last time? Capital City bank services approved. Coca-Cola approved for beverage services. KPMG contract approved, but opposed by Trustee Diallo.
Rattlers, will there ever be an end to the millions of dollars paid to KPMG to manage our finances; will they ever get the numbers correct; will they ever get PeopleSoft up and running?