FAMU trustess unanimously approved to return $151,621 to the Howard Hughes Medical Institute — an organization in Chevy Chase, Md. The organization wrote FAMU President in October and said that there were “serious findings from the (HHMI internal) auditors.”
According to a 20-page audit report completed by the HHMI audit department, FAMU was awarded a $1.2 million four-year grant in 2004. The grant ended Aug. 31, 2008 with unspent grant dollars “held by FAMU.”
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FAMU ‘sanctioned’ by research institute
An issue of “poor fiscal oversight” dating from 2004 surfaced at Florida A&M Tuesday.