Official Notice: UNT System statement on State Auditor’s Office report related to the excess funding of employee benefits received by the University of North Texas:
The UNT System’s administrative leadership and Board of Regents are transforming financial practices throughout our System and campuses to ensure greater accuracy, integrity and accountability.
We initiated a series of multiyear improvement projects in 2012 and 2013 when it was clear that we needed to modernize and upgrade outdated procedures, even before we learned of and disclosed in early 2014 significant problems in our financial recordkeeping and reporting.
We have created more than 20 work groups reporting to the Chancellor and Board of Regents in five broad categories:
Many projects are scheduled to be completed this year; others will be operational in 2015 and 2016 in conjunction with new financial software implementation.
Our work groups are beginning to provide regular reports to the Board of Regents and its newly created Financial Oversight Task Force. This website will provide the public a convenient place to view a regularly-updated archive of the various reports, financial statements and other documents related to these initiatives. We will present here the public records that are presented to our Board of Regents on financial improvement projects at all levels of the organization and in every institution within the UNT System, as well as the completed public work of outside auditors and financial advisors that are actively engaged in this process.
The UNT System acknowledges its responsibility to students, faculty, employees, alumni and the entire community to develop and maintain financial operations and reporting of the highest professional standards. This commitment will be met by implementing business process improvements, taking advantage of efficiencies and standardization opportunities, deploying effective technologies, and ensuring strict and consistent financial controls. We will create a culture of compliance and integrity and ensure that our employees and leaders are trained to adhere to its values.
Please visit this website regularly to learn more about the progress of this financial transformation.
If you need more information or have comments or questions, please contact the leaders of our Transformation Teams:
Janet Waldron, Vice Chancellor for Finance, Janet.Waldron@untsystem.edu
Steve Goodson, Interim Chief Internal Auditor, Stephen.Goodson@untsystem.edu
Donna Asher, Associate Vice Chancellor (Project Manager), Donna.Asher@untsystem.edu
Michael DiPaolo, Associate Vice Chancellor and Chief Information Officer, Michael.DiPaolo@untsystem.edu