June 25, 2008
Florida A&M University is close to solving all the financial and operational problems revealed by recent state audits, a special monitoring committee set up by the state Board of Governors announced today. "FAMU has laid the foundation to restore financial operational integrity and public trust,” said Margaret Lynn Pappas, a board member and chairman of the special committee, in a statement. The committee's final report will be released June 30. The committee's findings might sound familiar because FAMU President James Ammons told trustees about the committee's assessment at a meeting earlier this month. The final report will be sent to the governor, Senate president and House speaker as well as the Board of Governors.
