Monday, March 19, 2012

Spotless audit another setback for Jennings

Bill Jennings’ increasingly desperate efforts to drum up a reason to get rid of FAMU President James H. Ammons have suffered another setback.

On March 9, the Florida auditor general announced the results of Ammons' fourth financial statement audit. Once again, there were no findings.

The audit covered the fiscal year that began on July 1, 2010 and ended June 30, 2011.

“Our audit disclosed that the University’s basic financial statements were presented fairly, in all material respects, in accordance with prescribed financial reporting standards,” Florida Auditor General David W. Martin wrote in the report. “The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards issued by the Comptroller General of the United States.”

The audit results are good news for the university but bad news for Jennings’ personal power struggle against the FAMU president.

Jennings protégé Richard Dent had been trying to make an issue of the university’s finances before he finally bailed from the Board of Trustees weeks ago. But the state auditors still say that FAMU’s financial statements are clean.

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