UI prof points out flaws in nursing home bookkeeping
By Paul Wood
Friday July 25, 2008
Heather Coit
Rachel Schwartz, a University of Illinois accounting professor, has gone over financial records for the Champaign County Nursing Home.
URBANA – A University of Illinois accounting professor said Thursday the county nursing home's books are flawed.
Rachel Schwartz, who has offered her services to the county unpaid, told the Champaign County Board that there are discrepancies. For example, the home reported spending $342,875 for contract rehabilitation services in fiscal 2007 on its unaudited expense report, but gave the state a $567,495 figure for the same expense.
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