from prior periods. Any issues or concerns identified with compensation or benefits awarded should be presented to the full Board.
KSU will ensure that only benefits outlined in service contracts and HR documents for applicable employees are properly approved and supported. Payroll and Payroll Related audited will be scheduled by Internal Audit to confirm Policy and Procedures are being followed.
KSU has discontinue awarding bonuses to employees. No current employee is receiving bonuses outside of contractual agreement effective 7/1/2022.
KSU will amend HR policy to ensure any changes made to benefits both in service contracts or in policy include an effective date and specifically state retroactive payment is prohibited.
KSU Board Chair and HR Director will establish process to periodically review benefits received by, and payroll payments issued to, all Vice President-level and above employees. A comparison to similar information from prior periods will be analyzed and any issue arising from the review will be presented to the full Board.
Finding 11: Former EVP for Finance and Administration Submitted an inaccurate
Accounts Payable Amount to Former President and Former Board Chair Amid Questions and Rumors of Unpaid Bills.
Recommendations:
KSU record all accounts payable into their accounting system. Recording should be done timely to properly reflect liabilities and eliminate the practice of maintaining invoices outside of Banner.
KSU develop a standard report template for showing outstanding accounts payable balances.
KSU document, in writing, the procedure for creating the outstanding accounts payable balance report, including the sources of information involved.
Management Response: Concur
All account payables are into the accounting system, we continue to work on closing out past invoices that were not properly recorded.
Invoices are no longer maintained outside of Banner. The controller along with the accounts payable manager reviews invoices and payments for timely submission into the Banner system. Reconciliation is performed on a weekly