imprest

Since 2009, $95.123 million was paid through “imprest” accounting at COD whereby the college administrators knew the payment details, but the board of trustees did not. 

The College of DuPage has over 95 million questions to answer– click here to review the first 508 pages of hidden “imprest” payments.

The satellite phone payments were not vetted by the college board of trustees, but instead flowed through a hidden “imprest” payment scheme.

Imprest accounting is akin to petty cash accounting according to the U.S.

Designated ‘petty cash’ funds were hardly used, only $4,267 in payments over five years, while ‘imprest funds’ handled over 82,000 transactions.