Results of a Tennessee Comptroller’s Office investigation into allegations around the operations and closing of Hiwassee College in Madisonville, Tennessee, have been turned over to the 10th Judicial District Attorney’s Office for review.
Findings indicated the school had multiple operating deficiencies, but no wrongdoing was indicated.
The district attorney’s office asked the comptroller for assistance related to “questionable transactions,” officials said in a comptroller’s investigative report on the college dated Oct. 15. Deficiencies were found in disbursements, travel reimbursements and the release of restrictions on monetary gifts, according to the report.
Auditors noted released funds were deposited into the operating account, and their review found no indication the institution failed to use those funds for the college’s benefit, investigators state in the report. Board members indicated that they had corrected or intended to correct the deficiencies, state officials said.
On Friday, the United Methodist Church-affiliated Hiwassee College Board of Trustees released a statement on the report.