An audit of the University of Louisiana at Monroe shows the university is missing funds totaling $58,554 from its Department of Recreational Services as a result of cash control deficiencies.
The audit, released Thursday by the Louisiana legislative auditor, noted that additional funds could be missing because some pre-numbered receipts had been removed from the receipt books and about three months of cash register tapes were not located.
The University of Louisiana at Monroe has received $2.5 million to fund operations at the Louisiana Small Business Development Center. The funds come from the U.S. Small Business Administration and Louisiana Economic Development.
The News-Starreports the ULM center is a nationally accredited program that provides business consulting to new and existing entrepreneurs for 11 parishes in northeast Louisiana and statewide.