LINCOLN — Chadron State College officials are taking appropriate steps to eliminate financial irregularities in its athletic department, a new state audit shows.
“We made quite a few recommendations, and they’ve implemented quite a few of them,” State Auditor Mike Foley said Wednesday.
The audit follows up on the highly critical report Foley’s office issued in February about secret funds maintained by former football coach Bill O’Boyle and by his predecessor, the current Chadron State Athletic Director Brad Smith.
The three funds contained revenue from concession sales and a golf tournament. The money was used to supplement athletic department resources. The oldest of the funds dated to the 1970s.
Foley said a final accounting of the college’s actions concerning the funds will have to wait until the results of an NCAA investigation are announced.
NCAA officials are expected to call a meeting with college administrators in February, according to State College System Chancellor Stan Carpenter.
He said the college has made “considerable progress” in tightening up its athletic and financial situation.
Steps taken include:
— Hiring a business officer to oversee athletic department finances.
—Hiring a full-time compliance officer to ensure the college complies with NCAA rules.
— Reviewing policies and procedures for all three state college athletic departments and revising the policy on student organization funds.
— Processing and recording concession sales through the state college computer system.
“We reacted reasonably quickly last year,” Carpenter said. “We made major changes at the college to make sure this wouldn’t happen again.”
Foley’s office last year clashed with state college officials over the release of records related to the football fund investigation. This year’s audit was completed without rancor.
O’Boyle, who coached NFL football star Danny Woodhead when he played at Chadron State, was relieved of coaching duties midway through the 2011 football season after the NCAA investigation had been launched.
Chadron State made it to the NCAA Division II playoffs this year under new coach, Jay Long.
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