CBC fires business manager
Jun 14, 2008 | 648 views | 0 0 comments | 8 8 recommendations | email to a friend | print
posted April 30 -

Coastal Bend College trustees agreed Monday to fire the college’s business manager, Aubrey Smart.

Trustees visited behind closed doors for about five minutes Monday before determining to follow the recommendation by college President Dr. Thomas Baynum and terminate Smart’s contract.

The board did not give a reason for the dismissal later in open session.

Board chairman Paul Jaure said the board will send Smart a letter telling him he has fired under a provision in the college’s board policy regarding accounting and financial ethics involving “fraud and financial improprieties.”

Jaure did not elaborate.

However, Baynum announced Friday that the college had dismissed an administrator accused of embezzling $127,000 from the college.

Baynum said the executive allegedly transferred the funds from the college’s account into his personal bank account.

Baynum said the alleged embezzlement was brought to his attention by the bank.

He said the administrator, who has not been charged with a crime as of Tuesday, was immediately ordered to turn over his keys and was then escorted off campus.

Baynum said he has filed a complaint with the Bee County Sheriff’s Office. A deputy there has confirmed he is investigating a possible charge of misapplication of fiduciary funds against the administrator, a second degree felony offense punishable by up to 20 years in prison and a $10,000 fine.

Baynum has told the Bee-Picayune that the college will press to have the administrator prosecuted if a crime has indeed been committed.

Baynum said the college has an insurance policy that will cover the loss but he said CBC will seek reimbursement from the administrator.

Trustees voted Monday night to replace Smart on legal documents that would allow him to have access to college’s investments. They also voted to replace him as the college’s representative on the Bee County Appraisal District board of directors.

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