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Audit positive for KU, but Perkins compensation to be examined

University of Kansas Athletic Director Lew Perkins received compensation from an unnamed third-party vendor that also did business with the athletic department, according to an audit of the university released today.

Perkins had already disclosed his ties to the vendor in statements filed with the state. University officials said they’ll examine the relationship to determine whether it’s appropriate.

“It had been disclosed” on Perkins’ statement of substantial interest, filed with the state, said Theresa Gordzica, chief financial officer at the university. “The auditors felt it was a conflict that needed to be looked at.”

The audit largely gave KU a clean bill of health, making only a handful of recommendations. Members of the Kansas Board of Regents, who reviewed the audit Thursday, said they were pleased. An audit of Pittsburg State University also came back with few recommendations.

“These actually are very positive audits,” Regent Donna Shank told university leaders. “I applaud you for the practices that you have in place that allow this kind of audit to come out.”

Earlier this year a similar audit conducted at Kansas State University turned up several questionable financial transactions.

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