Cost of resignations adding up for NDSUFargo, ND (WDAY TV) - NDSU's Director of Facilities Management, Bruce Frantz has resigned just one day after a lengthy audit report of NDSU is released. In a written statement released today, Vice President of Finance and Administration Bruce Bollinger says it was a mutual agreement between Frantz and NDSU, as a result of the scrutiny of capital projects on campus, specifically ones highlighted in the audit.
Bollinger and NDSU interim president Richard Hanson would not comment on camera. Frantz's last day at NDSU will be May 17th. This is 3rd high-profile resignation this school year, all centered on the university's financial controversy and spending. How much are all of these resignations costing the university?
Bruce Frantz's resignation today has a price tag of 64,000 dollars, which includes the agreement of three months worth of pay, plus health benefits and paid time off. Back in March, the former Vice President for Finance and Administration, John Adams resigned. Between his agreement of four months of pay plus health benefits, it totals out to 82,000 dollars.
The first to go, former president Joseph Chapman, left with one month of pay, plus health benefits and retirement, totaling out to 36,000 dollars, costing the university a grand total of 182,000 dollars. These numbers come on the heels of a lengthy audit. Now the board of higher education members say they'll have to take a hard look at these "disappointing" findings.
“We'll hold those accountable for what was done and move forward.”
“Develop new policies and again, send a very important message to all presidents on all campuses that all policies need to be followed.”
Board members hope their actions will restore trust that they know has been lost, not only with the public, but with students, staff, and beyond.
“Just the mere fact that the board asked for this audit, is really trying to solidify trust with the citizenry, trust with the legislature.”
They also hope more trust can be built with the promise of a new president in the near future. The final candidate for the NDSU president position will be visiting campus tomorrow morning.