About a month after the surprising resignation of Oklahoma State University President Kayse Shrum, an internal audit released by OSU after an open-records request found “significant issues in the allocation and management of legislatively appropriated funds” at the university.
Among the findings of the audit – released Wednesday, two days before the next meeting of the OSU/A&M Board of Regents – were that the university did not properly account for $41 million in legislatively appropriated funds between July 1, 2022, through Jan. 15, 2025, a time during which Shrum was serving as president.
The scope of the audit was limited to an amount of about $55.5 million for fiscal years 2023 to 2025, and sought to try and understand the specific restrictions and intended uses of the appropriated funds. It did not include all legislative appropriations during that time.