The University of North Texas is not obligated to repay an estimated $83 million in excess funding revealed in a state audit in 2014, officials have confirmed.
The university already has paid $4.7 million to the state, but the remaining balance in excess fees does not have to be repaid because of legislative action this past session.
The $83,461,691 originally reported was for excess funding estimated in a state audit examining the university’s finances from 2004 through 2012. In response to the audit’s findings, then-Gov. Rick Perry instructed all state universities in May 2014 to audit state funding they had received for the past three fiscal years.
The General Appropriations Act passed last legislative session also required all Texas universities to conduct and submit an internal audit of all employee benefits for the past three years by no later than Aug. 31, 2016.
Bob Brown, UNT’s vice president for finance and administration, confirmed the reports this week in his office.
The $4.7 million in excessive employee benefits UNT has paid back to date covers the three-year span the act refers to, Brown said.
Janet Waldron, the UNT System vice chancellor for finance, said the university believes it has satisfied state requirements.