The 2008 audit covered the period of former President John Gibson, spanning 2002 through 2005, according to The Huntsville Times. The university did not follow standard accounting practices, the university didn't depreciate certain holdings, vendors were not paid on time, and $600,000 discrepancies were wiped out with journal entries, The Huntsville Times has reported
Gibson is long gone, and the board already fired his successor, Robert Jennings.
Montgomery, a trustee, said, “I think it's pitiful that the public examiners could find that much money missing, and you have a trustee board that is not willing to do anything about it, and when someone raises the issue they are treated like a criminal.”
