C.U. Promises Change After Audit Criticizes Foundation Spending

Denver (AP) State auditors say the University of Colorado's
fundraising foundation paid out more than $700,000 in
questionable expenses. The report is prompting C.U. officials to promise changes. In a report released to lawmakers, auditors criticize the C.U. Foundation expenditures of about $600,000 for food and catering, $94,000 for flowers and gifts and about
$15,000 for alcohol.

Auditors also singled out a $680 payment to charter a plane that flew 25 miles across the Denver metro area, but it wasn't clear whether it was carrying passengers or simply being moved to make it accessible to sports staffers for a long–distance trip.

University President Hank Brown says none of the expenditures were illegal, but he's calling them unacceptable.

Brown and foundation President Michael Byram accepted each of the 21 changes auditors recommended, from bringing the organization under state spending guidelines to re–evaluating the relationship between the university and the foundation. The audit was one of several probes launched as the university and foundation responded to a scandal over allegations that the C.U. athletic department used sex and alcohol to recruit football players.

Copyright 2005 by the Associated Press. All rights reserved.
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