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Aichi Gakuin: 7.5M yen in missing funds wasn’t used for personal use

by on Feb.09, 2011 @ 8:14 pm, under College

Aichi Gakuin University officials announced today that the 7.5M yen the baseball team withdrew between 2007 and 2009 did not go to personal use, as was initially feared, but was instead used appropriately, just not reported.  University officials realized the error when they checked the books and found that things like bus rental fees (about 1M yen) and baseball equipment expenditures (about 3.5M yen) actually weren't recorded when they should have been.

The university will now require complete financial statements from the baseball team every year as a means to avoid the same thing from happening again.

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Aichi Gakuin: 7.5M yen in funds missing