3 We're getting new information tonight about what appears to be financial mismanagement at Florida State College of Jacksonville. It's the result of an audit by the state of Florida. It shows many problems at the school, including overpaying employees hundreds of thousands of dollars. Channel 4's Scott Johnson has been talking to school officials. He joins us live tonight..Scott? 3 3 0-550-55 a state audit of florida state college of jacksonville shows many changes the school needs to implement.... many dealing with how they were paying high level staff... including former president Steve Wallace. Wallace was terminated last year over how he was managing the school - including using FSCJ foundation funds for personal use ... on page 4 of the audit it reads "According to College records, the former President's use of compensatory time resulted in overpayments totaling approximately $160,000 to the former President. As of December 6, 2013, the matter involving the unauthorized compensatory time was being investigated by the Florida Department of Law Enforcement and the State Attorney's Office"so I sat down with the school's relatively new chief financial officer Cleve Warren to talk about the issues contained in the audit .CLEVE WARREN/FSCJ CHIEF FINANCIAL OFFICER 13:06:41 - in an organization as large as this you can expect there's going to be some areas where improvement is necessary. So we have some of those... we're not surprised we have some things n thos findings... but I think all fo them are manageable.the audit shows the former president isn't the only one the school overpaid... áááááshould we name this person??? and did they - overpay him by 215 grand or pay him to settle a dispute iver overpayments? around 215- thousand dollars in a settlement with a former executive vice president.... it provided more than a hundred grand to 18 former employees contrary to state statute... and it incorrectly calculated the taxable value of employees using school vehicles for personal use. 13:10:11 - I think if you went to the n e xt college wherever that might be you would find problems. These problems aren't that significant... but in the course of running a college the size of this in the state of florida you'll come up with issues from year to year that you have to address. 3 Scott, how common are these audits? Is this unusual for the college?