Auditors found during the State Auditors annual financial audit of Central Piedmont Community College (CPCC), that on August 1, 2000, CPCC paid a $93,600 real estate brokers commission on the purchase of 1.98 acres from Central Piedmont Community College Foundation, Inc (Foundation). The payment appeared inappropriate, because CPCC and the Foundation had entered into an option-to-purchase agreement four years earlier that was still in effect.

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Audit Reports
Investigative Audits
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Community Colleges
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