Report; O’Boyle opened private bank accounts
A Nov. 18 press release from the Nebraska State College System states CSC’s suspended Head Football Coach Bill O’Boyle opened private bank accounts with proceeds from football program fundraisers in violation of college rules, and possibly state law and NCAA regulations.
The release claims that O’Boyle misused about $22,000, and that he opened the accounts “outside the purview of the college and the Chadron State Foundation without the knowledge or consent of the college administration.”
O’Boyle did not answer a phone call made at 3 p.m. for comment.
Two calls to the system office, beginning at noon, were not returned.
The release cited a Nov. 14 report prepared by independent auditing firm BKD of Denver, and submitted to the NSCS Board of Trustees.
The report cited four different accounts under consideration – three off-campus, and one on-campus.
They are:
Off-campus accounts
On-campus account
O’Boyle opened two of the accounts – the Concession and Special Accounts. The report did not disclose who opened the Last Chance for Glory Account, but former alumnus Mike Brownfield of Omaha managed it.
The report states “Payments from the Last Chance for Glory Account to Coach O’Boyle totaled approximately $27,000. This amount is consistent with the total amount of deposits made into the Special account relating to the Last Chance for Glory golf tournament.”
Text under the “Special Account” heading stated that there were “three payments to members of Coach O’Boyle’s family that total $1,492, as well as a payment to William O’Boyle for $837.”
The following two sentences represented one of seven possible NCAA violations: “Eighteen payments totaling $1,532 were made to individuals who were listed as active players (at the time of the payment) on the football team’s rosters. While Coach O’Boyle has made representations relating to the nature of these payments, no additional supporting documentation has been provided.”
BKD was hired by the NSCS in late September to conduct an independent audit of football fundraising activities that might have been in violation of NCAA rules. On Oct. 13, the college publically announced that it had reported the possible violations to the NCAA.
The Nov. 18 release states “Donations intended for the football program were deposited into those [private] accounts. Subsequent expenditures from those accounts were not subject to the controls and oversight that are required by the college and foundation.”
“State law prohibits college employees from using public resources, property or funds for personal financial gain. The NSCS has policies and procedures in place to provide accountability in financial operations with that principle in mind,” Carpenter said.
Click here to download the full BKD report.