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Topics - VSU Trojan 99

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31
The Drum / Virginia State vs. Fayettville State Bus Trip
« on: May 21, 2013, 11:09:56 AM »
CIAA Football in Fayetteville, North Carolina

Virginia State University "Trojans" vs. Fayetteville State University "Broncos"     
 
Saturday, September 7, 2013


A $35.00 non-refundable deposit is due by July 30, 2013 to reserve your seat and the remaining payment of $35.00 is due by August 30, 2013.  Total cost of trip:  $70.00

Bus will be equipped with TV’s, Videos, Music, Raffles and Fun!!!

The bus will depart from the Rogers Stadium Parking Lot located at Virginia State University at 12:00pm and will return on Sunday at approximately 1:00am.  The game is scheduled for a 6:00pm kickoff.

Price includes roundtrip motorcoach transportation, game ticket, lunch/early dinner at K & W Cafeteria and light refreshments.

For more information please contact:
      Derek T. Mountford at derek19062003@yahoo.com

32
General Discussion Forum / News about Norfolk State University
« on: May 14, 2013, 07:57:26 AM »
Legislators call for greater accountability from Norfolk State
BY MICHAEL MARTZ Richmond Times-Dispatch | Posted: Tuesday, May 14, 2013 12:00 am


Norfolk State University has been unable to complete a financial audit for two consecutive years, prompting state legislators to call for greater accountability.

Martha S. Mavredes, the state auditor of public accounts, told legislators on Monday that her staff has been working at the university since late February to help it complete a financial audit of the past two fiscal years, but the institution lacks the administrative staff and adequate documentation to complete the work.

The briefing dismayed members of the Joint Legislative Audit and Review Commission, who promised to step up scrutiny and call Norfolk State officials to Richmond for a public explanation if necessary.

“Where is the accountability?” asked Del. S. Chris Jones, R-Suffolk, who also is a member of the House Appropriations Committee that helps establish the state budget for colleges and universities.

“This is extremely troubling to me,” Jones said.

Former Auditor of Public Accounts Walter J. Kucharski first alerted state officials a year ago that Norfolk State was struggling to manage its day-to-day financial operations and could be vulnerable to fraud.

Norfolk State said Monday that its “administration and finance officers are working diligently in consultation with” the Office of the Auditor of Public Accounts to complete audits for fiscal years 2011 and 2012.

“The expectation is that the audits will be completed by the end of June or early July,” said Cheryl Bates-Lee, assistant vice president of university relations, in an email response to questions about the university’s financial status.

Mavredes, who became auditor after Kucharski’s retirement at the end of last year, said time is running out for her staff to help the university with its problems. The end of June may be the state’s deadline.

“If I don’t get it done soon, I am going to run the risk of slowing down something else, which could have an adverse effect,” she said in an interview.

Since Norfolk State’s problems emerged a year ago, the auditor’s office has provided seven updates to Sen. Walter A. Stosch, R-Henrico, chairman of the Senate Finance Committee and a member of JLARC.

Last month, Mavredes wrote Stosch and JLARC leadership that Norfolk State’s finance and administration department “lacks adequate staffing levels to complete daily operations.”

“Current staffing levels also compromise the ability to produce financial statements, perform important updates to policies and procedures, and gain an appropriate understanding of the new financial accounting system,” she wrote in a letter on April 22 that was copied to JLARC Chairman John M. O’Bannon III, R-Henrico, and Vice Chairman John Watkins, R-Powhatan.

Mavredes said the university had worked to fill key positions over the past year but that recent staff turnover “has once again left significant positions vacant, resulting in an increased and unsustainable workload for remaining employees.”

As a result, she said, Norfolk State had not updated its policies and procedures for the financial accounting system it established in mid-2011. The university also was unable to provide supporting documentation for 2011 financial statements, making it difficult for the auditor’s office to issue an opinion on the statements.

Mavredes said Norfolk State has been able to satisfy federal concerns about accounting for financial aid the university receives. “That’s the one thing miraculously they got done,” she said.

mmartz@timesdispatch.com

(804) 649-6964


We always wonder why state legislatures give our schools the short end of the stick when it comes to funding...this is probably a reason why.

33
General Discussion Forum / Update on Saint Paul's College
« on: May 13, 2013, 07:22:08 AM »
Saint Augustine’s U. Drops Effort to Acquire Troubled Saint Paul’s College
Saint Augustine’s University, in Raleigh, N.C., said on Friday that it would not proceed with plans to acquire Saint Paul’s College, another historically black institution, in Lawrenceville, Va., that has faced financial troubles in recent years, according to the News & Observer.

The North Carolina university said last fall that it was in talks to acquire the college, which was stripped of its accreditation last year by the Commission on Colleges of the Southern Association of Colleges and Schools. The college later won a court order restoring its accreditation on a probationary basis.

Dianne Boardley Suber, president of Saint Augustine’s, said in a statement cited by the newspaper that university officials had decided that acquiring the college would harm the university’s finances.

“We explored several options in an effort to make the acquisition viable for Saint Augustine’s University,” she said. “However, after completing our due diligence, we concluded that the acquisition of Saint Paul’s College, at this time, would significantly challenge the fiscal stability of Saint Augustine’s University.”

Saint Paul’s officials asked for an opportunity to persuade university officials to reverse the decision, according to the newspaper, and the university’s Board of Trustees agreed to hear a presentation from the college later this month.


34
General Discussion Forum / Saint Paul's College
« on: May 07, 2013, 10:22:38 AM »
Has anyone heard what is going to happen to Saint Paul's College and their pending merger with Saint Augustine's College?

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