Ted McAleer, executive director of USTAR, expressed his thanks to the Office of the Legislative Auditor General for identifying a number of issues that need to be taken seriously and addressed. He said USTAR had seen a revolving door of financial managers over the last several years, which contributed to the reporting errors, but a new manager had already been put in place.
"I think the most critical piece of my responsibility as the executive director is that I need to hold a finance manager, my assistant, accountable for working with me on these recommendations," he said.
McAller also assured lawmakers that he and his staff would work toward addressing the concerns raised by the audit.
"You have my commitment that we will manage each of these three areas on a monthly basis at the USTAR Governing Authority Board meetings," he said.
Return-on-investment claim of 219 percent is overstated
State-bonded construction costs were not listed as expenses
USTAR claims credit for projects that might have occurred anyway
Majority of jobs credited were construction jobs that no longer exist
Many research jobs are part-time positions primarily held by students
USTAR governing board meetings were not held in compliance with Utah open meetings laws
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