UL

Feb 17, 2014 12:40 PM by Ian Auzenne

Auditor gives UL athletic department thumbs up

The UL athletic department received a clean bill of health from the State Legislative Auditor's Office.

The annual audit checked to see if the athletic department was following university policy in the handling of its revenues and expenses.

The audit found two minor errors. The audit says the athletic department understated ticket sales by $98,000 in its ledger and left out $119,000 in royalties and licensing revenue.

UL Athletic Director Scott Farmer says those errors were the result of those funds being entered in different line items in the department's ledger.

According to the audit report, the figures were corrected during the audit process.

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