When people don’t pick up their checks at Alabama businesses, banks, government agencies or nonprofits, and some time goes by, state law requires sending the money electronically to the state treasurer.
That requirement includes colleges that may be sitting on checks to students, faculty and vendors. State auditors, however, said Alabama A&M University wasn’t doing it in its most recent audit.
A partial review found more than 250 payroll and other kinds of unspecified checks amounting to more than $110,000 in unclaimed funds at the institution, according to the latest audit report released in July 2023, covering the 2020 to 2022 financial years…