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FAMU calls for audit of finance department

Posted at 6:29 PM, Jun 14, 2019
and last updated 2019-06-17 10:23:37-04

TALLAHASSEE, Fla. — Big changes are happening within the finance department at Florida A&M University.

On Friday, FAMU held a Board of Trustees meeting to re-designate the authorized signatures of two financial leaders.

Chief Financial Officer Wanda Ford has stepped down. Tiffany Holmes, the university comptroller and assistant vice president, is also no longer at the university. Ronica Mathis has also parted ways with FAMU. She was in charge of the university budgets.

This comes on the heels of an ongoing investigation after the school used money from auxiliary funds to cover gaps in the budget.

Right now, that gap is $300,000 for the athletic department. We spoke to an audit manager who says the plan is to cover the costs with a fundraiser and other money from the AD.

This isn't the first time FAMU has been in trouble recently, either.

The NCAA says the university improperly certified more than 90 student-athletes over six years.

They were penalized with a ban on several sports, fined, and faced a reduction in scholarships.