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June 11, 2013

IU IV director racked up thousands on credit card

(Continued)

NEW CASTLE — SIGNED AGREEMENT

Yauger signed a written resignation agreement with the IU IV board on April 24. In it she agreed to pay restitution of amounts the IU IV determines she owes for all claims arising out of her access to and improper or unauthorized use of its resources, property or funds.

Yauger waived any claims for recovery of wages, compensation for accumulated sick days, accrued time off, vacation, benefits and any compensation to which she may have been entitled. She did not waive any claims to her vested pension or retirement benefits.

On May 22 the board discussed a preliminary forensic audit report in executive session, according to Foltz. She said that report has not been made public, pending release of the final audit.

Pezzuolo said Monday the final version should be ready for the board’s public meeting at 7 p.m. June 26. Should it be completed sooner, the board will convene for a special meeting, which will be advertised.

Foltz said the credit card matter took her and other board members by surprise.

In looking at the charges, she noted, she saw no receipts to go with them.

“The whole thing makes me ill,” she said. “It floored all of us and we are wondering, how did this go on for so long without someone stopping it? We’re asking a lot of questions, and it’s not going to go away for awhile. It’s sad.”

(Email: dwachter@ncnewsonline.com)

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