Audit details widespread misappropriation at University of Iowa
State auditors reveal shortages from former university treasurer and staff, including $6,519.50 fraudulently chained to payrolls, $1,800 undeposited George Eastman funds, and $8,000 endowment cash misallocations. Recoveries totaled, with multiple items awaiting bonding company decisions and further per-page findings noted.
MENTIONED IN THIS ARTICLE
Spencer
Leitz
O. E. Carroll
George Eastman
W. J. McChesney
Marley J. Otto
Otto
Charles A. Brown
University
College of Medicine
Auditors Report Flags Iowa University Finances 1931
The auditors' report on the Iowa University 1930-31 operations details large deficits despite high tuition and endowment income. It cites unexpended balances, misused funds, and weak internal controls. It recommends a centralized business manager, separate endowment handling, and stricter purchasing and payroll practices.
University of Iowa audit faults accounting system
Auditors fault the University of Iowa administration under President Walter A Jessup for portraying all departmental appropriations as spent at year end to boost requests for future funds. The report cites incomplete records, lax tuition cash handling, and lack of payroll detail, hindering clear costing and public oversight.
MENTIONED IN THIS ARTICLE
University For Education
University Hospital
Iowa
Educaets
University of Iowa
Walter A. Jessup
Cedar Rapids Gazette
Jessup
Finance Committee
State of
Financial audit highlights university cash and fund allocations
The report details cash balance at June 30 1931 totaling 681 390 51 with 643 795 17 on hand subject to board allocation and 37 505 34 held for specific purposes. It notes improvements but cites irregularities in accounting, insufficient records for insurance, and calls for stronger control and oversight including employee bonding.
MENTIONED IN THIS ARTICLE
University Hospital
W. H. Cobb
W. H. Bates
W. R. Boyd
Board of Education
Arthur Young and Company
Cobb
Arthur Young Company
H. C. Dorcas
Cman
Finance Committee
Also Mentioned on This Page
Iowa U. Trust
DEPT
Eastman
Univ. Fund
Endowment Fund
Kelley
James J. Murphy
Moses Snavely
Carnegie Corporation
Permanent Land Fund
State University
State Executive Council
Iowa Memorial Union
Memorial Union
Triangle Club
University Women’s Club
T. H. MacBride
State Board of Education
Currier
Sits
Allen
Busby
Harrigan
Rockefeller
Atone Taea Eek Haan
44Th General Assembly
Executive Council
Dutcher, Walker and Ries
Vic
Business Office of
Sollee
State Auditor's Office
Law
Bennett
Accounting System
Associated Press
Teae
Svseeeveve Sens Agency
Cate
R. R. Price
Eeeee
Eeu
Roup Investments
Abe Cy
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