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Joint Budget Committee presses executive branch after KPMG review of Department of Higher Education finances
Summary
JBC staff and the governor’s budget office told the committee they’d contracted KPMG for a deep review of Department of Higher Education financial processes after continuing problems with grant roll‑forward, late closeouts and single‑audit findings. Staff urged prompt implementation of recommendations and possible structural or statutory fixes.
Joint Budget Committee staff told members on June 10 that follow‑up work is underway to address persistent financial control problems at the Colorado Department of Higher Education (CDHE) after audits and multiple supplemental requests revealed repeated errors and weak internal controls.
What happened: JBC staff member Llewellyn Lowe and Amanda Bickel told the committee they were made aware last week that the governor’s office had expanded an existing KPMG engagement (originally supporting federal ARPA administration) to perform a deeper assessment of CDHE’s finance, grants and contract processes. KPMG’s work began in January and has since been extended to examine broader financial policy and practice at CDHE, JBC staff said.
Why the committee was briefed: CDHE has several recent interim supplemental requests…
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