Audit: Money misappropriated at Johnston college
Posted June 9, 2008
Smithfield, N.C. — A financial audit of Johnston Community College found that about $15,000 for misappropriated from the cashier's office and college bookstore, officials said Monday.
A college employee took $1,522 from money collected in the cashiering office, and another $13,605 was lost or misappropriated from bookstore collections, according to the audit.
The missing funds were detected before the routine audit was conducted when customers complained about uncashed checks and students inquired about being double billed, officials said.
College officials have implemented tighter financial controls and additional campus-wide training, State Auditor Les Merritt said in a statement.
“Johnston Community College is taking the right steps to guard against this type of misappropriation in the future,” Merritt said. “Our auditors will check back with the college to ensure that these controls have been properly implemented and that no additional waste is occurring."