Cedar Valley News

 
Auditor Asks UNI to Change Financial Policies
The state auditor is advising UNI to establish policies around the financial transactions of student organizations.
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The state auditor is advising the University of Northern Iowa to establish policies around the financial transactions of student organizations…this after an investigation into bookkeeping for its International Dance Theatre program revealed $15,215 in improper disbursements and undeposited collections.

The UNI Department of Public Safety discovered the suspicious records in February in the office of the program’s director at the time, Daniel Wells, during an investigation not related to his university duties. The disbursements included $11,690 in checks that Wells is accused of issuing to himself from the account, according to the report. They also included $200 of cash withdrawals from the account and $75 in overdraft fees.

“Student organizations are allowed to maintain bank accounts outside the university’s bank accounts and accounting system,” according to the report, but the institution has no policies regarding those accounts. Wells was placed on paid leave Feb. 19, 2014, “as a result of concerns not related to the non-university (dance theatre) account,” according to the report. His employment contract expired in May, and it was not renewed, the auditor reported. No criminal charges have been filed against Wells in Black Hawk County in connection with the case to date, according to online court records.

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