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Clarification on School Financial Review story

 

In last week’s story on the Rehmann Report, a financial investigation into the athletic department at Cedar Springs Public Schools, a clarification needed to be made regarding credit card limits and per purchase limits on p-cards.

This story has been updated online to show this clarification. Here is the part we clarified below:

The report also recommended lowering both the credit limit and purchase limit on p-cards, noting that they are mainly for small transactions. The AD had a credit limit of $20,000; the supervisor a limit of $5,000; and TV production of $35,000.

Many colleges and universities don’t have credit limits that large. For example, Cornerstone University p-card holders have a credit limit of $3,000 with a per purchase limit of $1,000; and Western Michigan University has a credit limit of $5,000 with a purchase limit also of $5,000.

The Rehmann report recommended lowering the purchase limit for Cedar Springs p-card holders to $50 to $100 for the majority of the cards.

We apologize for any confusion. You can find the entire story on our website at http://cedarspringspost.com/2016/09/22/financial-review-of-school-shows-tighter-control-needed/.

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