LOUISVILLE, Ky. (WDRB) – The University of Louisville Foundation is holding a special called executive committee meeting on Monday aimed a possible approval of an audit.

Listed on the agenda for the Labor Day meeting are two items. The first is a request for proposal for a “complete financial examination” of the Foundation as well as an audit. The second item is an executive session to discuss “personnel matters.”

This meeting comes just days after it was revealed the James Graham Brown Foundation said in a letter that it is concerned that the U of L foundation’s expenditures have not been for the "charitable and educational purposes” of the university.

The letter called for the foundation to conduct a thorough audit of its finances via an outside firm.

Former University of Louisville President James Ramsey remains the president of the Foundation. He resigned as president of the University on July 28th.

The special called meeting is at 5 p.m at Central Avenue and Third Street. 

Related

Copyright 2016 WDRB Media. All rights reserved.