Bermuda College will have its own set of financial instructions by the end of the year, according to new president Duranda Greene.

She told The Royal Gazette that the publicly-funded quango was now using Government’s Financial Instructions following criticism from the Public Accounts Committee earlier this year on its handling of taxpayers’ cash. An inquiry by the committee discovered that thousands of dollars were misspent because the college did not have its own instructions in place and was not following the Government’s set of rules, as it ought to have. Former president Charles Green was singled out as having enjoyed perks he was not entitled to and chief financial and operations officer Lloyd Christopher was blasted for not controlling spending.

Dr. Greene said that the college board was now in the process of approving the new instructions but that it was a lengthy process and would continue for some months.

“Currently we are using Government’s Financial Instructions as a guideline,” she said. “The college will have its own by the end of the year.”