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Penn State Will Expand Its Transparency Report, Spokesman Says

on June 08, 2010 12:32 PM

Penn State on Friday will file an amended and expanded version of its annual Right-to-Know report, spokesman Geoff Rushton said Tuesday.

Rushton said the amended report, to be filed in Harrisburg, will disclose the salaries of two university workers who are family members of key leaders at the institution. The report also will be posted on the Penn State website, he said.

A state transparency law requires that Penn State disclose employee compensation in select cases, including when family members of high-ranking university leaders are paid at or above certain thresholds. 

The initial version of the university Right-to-Know report for fiscal year 2009, filed last month, indicated that at least one family member of a key Penn State employee received money from the university.

But that initial report did not offer specifics.

"We originally thought the way we answered (the question) was satisfactory," Rushton said.

He said an additional review by a Penn State tax consultant helped the university determine that more disclosures were needed.

It wasn't immediately clear Tuesday what prompted the additional internal review. Rushton said some changes in the IRS filing standards this year complicated the paperwork.

The 63-page Right-to-Know report covers a range of financial details at Penn State, from endowment performance to philanthropic contributions and key executives' salaries. The university began filing the annual reports when the expanded state transparency law went into effect in 2009.

More recent changes in the filing standards have required additional disclosures, such as the salaries of high-ranking leaders' relatives.

Earlier coverage: Penn State Mulls Additional Disclosures In Annual Report

 

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