A new state audit revealed that the University of North Carolina system inadequately monitored its $97 million nonprofit, Project Kitty Hawk, ordered to aid online college access for working adults.
The review resulted in the return of over $102,000 due to purchases classified as unallowable under recent regulations, following the resignation of CEO Wil Zemp in April.
Notably disallowed expenditures include over $4,250 for a Ritz-Carlton stay and more than $21,000 spent on a Chapel Hill apartment rental, raising concerns about financial oversight.
The audit findings highlight ongoing challenges for Project Kitty Hawk, originally funded by COVID relief, which now faces a projected $1.5 million deficit by fiscal year 2027.
Collection
[
|
...
]