University’s spending, inventory in shambles

Topline: Texas Southern University has no idea where most of its inventory is located, ignored safeguards meant to prevent overspending, and reported inaccurate information to the Texas Comptroller, according to a state audit released Dec. 31.

Key facts: University policy requires inventory to be physically counted every year, but a count has not happened since 2019, according to the audit.

Auditors randomly selected 60 pieces of property owned by TSU, and university employees were unable to locate 50 of them.