29 June 2001
The report, published on June 28, expresses serious concerns over the gaps in Moray College's governance procedures and the general lack of external structures in place to police the financial management of further education institutions.
Black said: 'The problems at Moray College point to wider risks for the sector as a whole. It is important therefore to ensure that governance and accountability within the sector are made increasingly robust.'
In February 2000, the Scottish Further Education Funding Council (SFEFC) found deficiencies in the financial performance of the college and made 24 recommendations for improvements.
But Black added: 'It is of particular concern to me that despite the efforts of SFEFC, the college has not made the changes necessary to ensure improvements in its financial management.'
PFjun2001
