Lawmaker: Investigate Chicago State University Finances - Chicago News and Weather | FOX 32 News

Lawmaker: Investigate Chicago State University Finances

State Sen. Edward Maloney has called for a hearing into financial mismanagement uncovered by an audit of Chicago State University.

Maloney, a Chicago Democrat, cited a report by Auditor General William Holland that showed 41 problems at the university from July 2009 to June 2010. The audit detailed misuse of purchasing cards, lax control over contracts, and a failure to send tuition bills to students.

A previous audit of the finances at the 7,000-student university revealed only 13 issues.

In a prepared statement Monday, the chairman of the Senate Higher Education Committee said it is appropriate for lawmakers to ensure the problems uncovered by the audit are addressed.

After release of the audit, President Wayne Watson said the university was working around the clock in solving the problem.