Auditors Are Critical of Florida State University Finances.

Byline: Melanie Yeager

Sep. 7--A top employee of Florida State University had the authority to transfer $5 million electronically without answering to anyone.

That's the chief finding of eight problems outlined by the State Auditor General in a report released Thursday. The report blasts FSU for having too many administrators and financial operations across campus and specifically highlights FSU's troubled Center for Public Management, citing its continued deficit and its contracting with former center employees.

Still, John Carnaghi, vice president for finance and administration at FSU, rated the audit as positive overall.

"They're here …