To improve the transparency of its expenses, the university should identify more specific categories for expenses that are recorded under the Miscellaneous Services accounting code and should implement object codes that account for these expenses in more detail.
Please see attached letter to the Honorable Adam C. Gray, Member of the Assembly. (emailed to firstname.lastname@example.org on 10/15/13)
The university notes that it examined expenses recorded under the Miscellaneous Services accounting code. It estimates that between 13 and 17 percent of the expenses recorded under Miscellaneous Services from fiscal year 2005-06 through 2011-12 were appropriately categorized. To more accurately account for the remaining expenses, the university has adjusted its accounting practices and created new accounting codes. According to the university, campuses were required to implement these new practices by June 30, 2013.
The information systems changes were completed prior to 6/30/2012. Data is now being gathered in the correct accounts for fiscal year 2012-2013. We expect miscellaneous services to significantly decrease for fiscal year 2012-2013
Agency responses received after June 2013 are posted verbatim.