Tuesday, July 06, 2010

Grambling’s President Orders Review of School Spending

Grambling’s President Orders Review of School Spending: Grambling State University's (GSU) new president has hired the former president of Virginia's largest historically Black university to review “every dime” of GSU's budget.

Dr. Frank Pogue said Dr. Marie McDemmond and two members of her staff also will check the qualifications of Grambling's accounting staff.

Last week, a state audit found that, during the fiscal year ending June 30, 2009, the university bought stock with money supposed to be used for buildings and grounds and lost $1 million on the deal.


The purchase was made six months before Pogue arrived on campus as interim president.