The written report lacks many of the details Kyle included in his oral report to the UofLa board. That report sharply criticized the financial management and computer information staffs and pointed out that, even if a new finance vice president were to come on board right away, the same personnel who failed to close out books on the 1998-99 fiscal year were in charge of university finances for 11 months of the 2000 fiscal year. The financial statements for the fiscal year, which ends today, are due Aug. 1. A new vice president would not have taken part in management of the school's finances or preparation of the statements. Unfound money Many but not all of the inadequacies listed in the 1998-99 report stem from the loss of nearly four months of data in a conversion from Poise to Banner 2000 accounting software.
Different funds operate different areas of the university.
The general or operating fund, for instance, receives income from state appropriations, tuition and some fees and makes expenditures for salaries of teachers and some staff members and for utilities and maintenance of academic buildings. Separate funds operate dormitories and food service. Student fees that pay for intramurals, student government, cheerleaders, etc. go into a dedicated account. Federal programs each have individual funds. And there are others, all to account for different activities on campus.