The Brief
- A state audit found major financial and operational failures at Texas Southern University.
- Lt. Gov. Dan Patrick says millions in taxpayer dollars were mishandled or unaccounted for.
- TSU has agreed to state-mandated reforms to avoid further action by lawmakers.
HOUSTON – Texas Southern University underwent a state audit recently, and Lt. Gov. Dan Patrick, who requested the original investigation into the school, says the results were shocking.
The university was found to have major, long-running gaps in financial reporting, which is among the issues Patrick says culminated in the mishandling of millions of Texas tax dollars.
TSU state audit
The audit report, released in December by the Texas State Auditor’s office, exposes major weaknesses in the finances and operations of TSU.
According to the report, TSU did not abide by internal safeguards, manifesting in poor asset management, non-compliance in procurement, and deficiencies in financial reporting. …