UNI investigation finds more than $3,000 of undeposited collecti - KWWL - Eastern Iowa Breaking News, Weather, Closings

UNI investigation finds more than $3,000 of undeposited collections

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CEDAR FALLS (KWWL) -

The State Auditor's Office has released a report on a special investigation of the University of Northern Iowa.

The investigation was requested after an employee substituted a personal check for cash collections in a deposit to the UNI's Office of Business Operations.

The auditor's office looked into the College of Education - Curriculum and Instruction Department between January 1, 2012 and October 31, 2014.

Auditor of State Mary Mosiman reports the special investigation identified $3,128.37 of undeposited collections.

The audit also identified collections which were not deposited in a timely manner.

In addition, Mosiman reports $2,342.00 of checks issued by a University employee were deposited in place of undeposited cash collections.

The collections not properly deposited include membership fees from UNI students participating in the Student Reading Association, tuition payments from families with students enrolled in the Literacy Clinic, materials fees from university students, and proceeds from book fairs held on campus.

The auditor's report includes recommendations to strengthen the University’s internal controls, such as improving segregation of duties, independent reviews of amounts deposited, and maintaining adequate documentation to properly support collections.
 

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