CSCU to launch new P-Card policy after audit revealed systematic misuse of funds
In an announcement made Thursday, officials with CSCU said the Connecticut Board of Regents for Higher Education approved the new policy.
Connecticut comptroller's college system audit reveals 'systematic' misuse of state funds
Going into effect on April 1, the policy will establish clear guidelines for the use of P-Cards and appropriate use of institutional funds.
This change was one of nearly a dozen proposed by Comptroller Sean Scanlon in December, when his office released an audit of CSCU that showed a systematic misuse of taxpayers' funds.
In a statement released Thursday, Scanlon said the new P-Cards policy includes many of the recommendations proposed in his office's report- including standardized spending limits, improvements to recordkeeping, and restoring internal audits and controls.
Connecticut state colleges see increase in student enrollment
'I applaud the Board of Regents, CSCU leadership, and staff who worked together in crafting this. The Office of the State Comptroller stands ready to support the implementation of this plan to restore trust for the taxpayers and, especially, CSCU faculty and students,' Scanlon said.
The policy included spending limits, items prohibited from purchase, digital record-keeping, and a reduction of the number of P-cards.
The CSCU system office is also working on a new system-wide policy for travel and has created a Policy Committee that will review, revise, recommend, and implement the Board of Regents' adopted system-wide policies to ensure consistency and compliance.
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