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JACKSONVILLE, Fla. -- There are questions tonight about the University of North Florida's financial reporting. The State of Florida Auditor General released areport in March.

The 56 page report outlines some deficiencies in UNF's financial reporting. First Coast News requested an on-camera interview with someone from the school. They instead communicated via e-mail and missedthe deadline for an interview. They have agreed to speak withFirst Coast Newson camera.

"Significant deficiency." That's how state auditors have flagged some of UNF's financial reporting practices. Specifically, the Auditor General's office has concerns about the reporting of more than $14 million in one case, more than $3.5 million in another an additional situation of a $5.5 million overstatement. As for the last concern, according to a University spokesperson, UNF received that money from a third party, but recorded it improperly.

The report also questions a loan UNF made to the Museum of Contemporary Art Jacksonville for $500,000. The University defended itself in an e-mail to First Coast News, "Again, we made the loan to MOCA at a time when it was allowable and the Board of Governors later adopted a new regulation."

But, the report continues to express concern about this loan, "As of June 30, 2012, no additional advances were made; however, no repayments were received from MOCA."

In an e-mail, a spokesperson wrote, "In summary, all of these issues were simply accounting reclassifications that didn't have an effect on our overall financial statements bottom lines."

As for the financial reporting problems, a Shari Shuman, a UNF Vice President or Administration and Finance explained in a letter to the State that one of their most important responsibilities is accurate reporting. She wrote, "The adjustments made this year were primarily due to a set of unique and isolated circumstances and situations that have been addressed, as well as, revised controls put in place to address the issues."