“We must immediately redouble our efforts to ensure that we are doing all we can to stop these harmful incidents,” Ramsey said.

The CPA firm will be asked to:

  • Review financial controls for all departments and schools on the Health Sciences Campus and the new faculty practice plan
  • Review all internal audits performed since 2007 to ensure recommendations have been implemented
  • Recommend whether UofL needs more frequent and unannounced audits
  • Review personnel qualifications and training of employees with financial management responsibilities
  • Identify and review all bank accounts not authorized by the Board of Trustees
  • Survey banks within a 50-mile radius to ensure no unauthorized accounts exist in the name of UofL or related entities

In another move aimed at improving the accountability and efficiency of UofL’s financial management, the university will move toward consolidating its core administrative services such as accounting, human resources and information technology. 

The consolidation is one of the preliminary recommendations suggested by a team of faculty, staff, students, trustees and community leaders who are working on the University of the 21st Century Initiative, an effort to position UofL as a higher education leader in coming decades. At its July retreat, the Board of Trustees reviewed the group’s consolidation recommendation and agreed with Ramsey’s call today to act immediately.

“While our written policies and procedures may be sound, we need to reduce the number of places where human or systemic breakdowns might occur,” Ramsey said.  “A more centralized approach should provide more efficient accountability for the resources that taxpayers, students, parents and donors entrust with us.”

Mark Hebert
Following a 28-year career as a radio and television reporter, Mark Hebert joined the University of Louisville as the Director of Media Relations in 2009, serving as the main spokesperson. In 2015, Mark was named Director of Programming and Production. He’s now producing and hosting a radio show about “all things UofL”, overseeing the university’s video and TV productions and promoting UofL’s research operation. Mark is best known for his 22 years as the political and investigative reporter for WHAS-TV in Louisville where he won numerous awards for breaking stories, exposing corruption and objectively covering Kentucky politics. In 2014, Mark was inducted into the Kentucky Journalism Hall of Fame.