COLLEGE OF DUPAGE GETS THE GOLDEN HAMMER AWARD

Waste, Fraud, or Abuse from The Washington Times staff.”
Washington, D.C. | October 3, 2014

GOLDEN HAMMER AWARD

COLLEGE OF DUPAGE

a 2 year Illinois Jr College 

HIDES $95.138 MILLION
In Spending Since 2009
Golden Hammer Award

 How a College Hid $95 Million in Spending

Read Washington Times by Drew Johnston

 From today’s paper:

Warning: Parents being crushed by the ever-rising tuition bills might want to stop reading right now.

The College of DuPage managed to hide more than $95 million in expenditures on more than 82,600 transactions since 2009 thanks to a peculiar type of accounting that allowed for thousands of purchases to be lumped together into one line item, according to data uncovered by American Transparency’s OpenTheBooks.com, an online portal aggregating 1.3 billion lines of federal, state and local spending.

Officials at the two-year community college in Glen Ellyn, Illinois, are accused of relying on questionable accounting practices and altering vendor names in an effort to make the school’s spending habits more difficult to track. Their spending was so deeply buried even members of the school’s own board of directors complained they have no ability to follow where the money goes.

But the administrators knew…

READ:  http://www.washingtontimes.com/news/2014/oct/2/golden-hammer-college-hid-95m-in-administrator-boo/#ixzz3F39r0oBq 

LEARN MORE:

FORBES:  $26 Million Selfie at IL Jr College

DOWNLOAD SNAPSHOT™ Transparency- Illinois Universities and Colleges a quick look at Salaries and Pensions

ILLINOISLEAKS.com:  covering all the details and contradicting COD responses regarding President Robert Breuder’s private membership club dues paid by students and taxpayers

READ TOP 10 COD Checkbook Oddities:

Stay tuned. OpenTheBooks.com has more cool stuff coming soon!

Founder, Open The Books
Chairman, American Transparency