Finance (Budget/Tuition)

Audit: TWU didn’t repeat UNT’s mistakes
Archived

Tue, Nov 18, 2014 - 10:15am

Texas Woman’s University confirmed it did not make the same financial errors the University of North Texas did, in an audit of state-funded benefits released Monday.

After state officials learned UNT had systemically used state money to pay for employee benefits and salaries it shouldn’t have, totaling $83.5 million over 10 years, Gov. Rick Perry ordered all other public universities to check to see if they were making the same mistakes.

The audit at TWU did catch some mistakes, though, an error in its payroll software caused the university to withdraw $10,480 it shouldn’t have. After the audit was completed, the...

Center figures go on trial run
Archived

Tue, Oct 21, 2014 - 11:05am

City Council member John Ryan took some new numbers on Denton’s proposed convention center project for a trial run Monday night, in anticipation of presenting them to fellow council members today.

Ryan has been working for more than a week on different scenarios to help calculate the city’s risk in the project. O’Reilly Hospitality Management has proposed a public-private partnership to build a convention center, full-service hotel and restaurant on University of North Texas land next to Apogee Stadium.

For many months, city staff members have presented financial projections for the city’s convention center based on...

Students Not Always Drawn to Fixed-Rate Tuition
Archived

Mon, Oct 6, 2014 - 11:40am

This fall semester, for the first time, all public universities in Texas were required to offer incoming students the option of a payment plan that fixed their tuition at a particular rate for four years, alleviating the uncertainty of variable annual increases.

The measure sought to address concerns that tuition was rising too fast and graduation rates were not rising enough. Fewer than a third of the state’s public university students...

Student Interest in Fixed-Rate Tuition Varies
Archived

Mon, Oct 6, 2014 - 11:13am

This fall semester, for the first time, all public universities in Texas were required to offer incoming students the option of a payment plan that fixed their tuition at a particular rate for four years, alleviating the uncertainty of variable annual increases.

The measure sought to address concerns that tuition was rising too fast and graduation rates were not rising enough. Fewer than a third of the state’s public university students graduate in four years, and the statewide average of tuition and fees at public universities in Texas has jumped more than 75 percent in the past decade.

...

UNT president: Students won't suffer due to $75M scandal
Archived

Mon, Sep 29, 2014 - 9:23am

DENTON, Texas -- The University of North Texas may have to repay more than $75 million that it was overpaid by the state.

UNT President Neal Smatresk isn't mincing words in taking accountability for years of bad accounting in the university's books.

"Were we non-compliant? Yes. Did we fail to follow proper state procedures?" Smatresk said. "We sure did."

A report from the state auditor shows UNT received more than $75 million more in funding than it should have by allegedly "manipulating payroll" and "paying employees with state funds when those employees were not eligible to be paid with state funds."

...