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Friday, December 9, 2011 - 4:14am

Kennesaw State Loses $70,000

Updated: 2 years ago.
Kennesaw State University students put money in their “K-Cash” accounts and then using it to buy books and meals or for printing copies of paperwork. An audit found $70,000 is miss from that fund. (Photo by Edgar Treiguts.)

An audit found thousands of dollars missing from Kennesaw State University and it's not certain the money will ever be found.

WSB Radio reported the money was called "K-Cash," and involved students contributing to their K-Cash accounts and then using it to buy books and meals or for printing copies of paperwork.

Authorities say the audit revealed that about $70,000 was taken after students put money in their accounts but before the school put it in the bank.

Kennesaw State Vice President Arlethia Johnson tells WSB-TV that authorities "can't put an exact handle on a particular person who is tied to the missing cash."

No charges have been filed.