Bermuda College has been spending public money without having proper financial controls in place, according to a leaked report seen by .

Former College Board chairman Nalton Brangman, who wrote the report, claims in it that the publicly-funded college ?knowingly? spent taxpayers? cash without complying with the Government?s financial instructions.

The document also lists in detail transactions which it is alleged were not approved by the College Board. They include perks enjoyed by college president Dr. Charles Green, including membership of an exclusive private members? club and payment of his telephone and electricity bills.

The report also says Dr. Green bought a $2,500 flat screen television for his office without permission from the board of governors. And it claims renovations to the president?s grace-and-favour home on the college?s Stonington campus were paid for without transactions being properly documented by the College Board.

The report says that the college ?is at risk of being accused of mismanaging the taxpayers? funds and not directing them in the best interests of the students?.

?In short, there are no financial controls in the policy of Bermuda College board and this leaves the board at risk of questionable financial practices,? it says. The report was produced after the Public Accounts Committee (PAC) asked Mr. Brangman to investigate claims that perks were granted to Dr. Green which were not in his contract of employment and which had not been sanctioned by the College Board.

Mr. Brangman launched an inquiry and handed over his findings to the PAC earlier this month ? days after being sacked from his post by new Education Minister Neletha Butterfield.

She has since appointed former Premier Dame Jennifer Smith to the position.

Mr. Brangman has refused to discuss his investigation until the PAC makes the results public. PAC chairman Patricia Gordon-Pamplin said she planned to table a report in the House of Assembly next month.

But can reveal extracts from Mr. Brangman?s report, including a claim that work on Shamrock Cottage, where Dr. Green lives, could have cost as much as $ million, according to college staff. Paperwork shows spending of $380,000 on the property.

The report alleges that Dr. Green?s contract, signed in 2004, is not recorded as approved by the College Board.

Dr. Green, who is off the Island, has denied any wrongdoing and insists that any perks he benefited from were granted by the College Board.

But the report says he ordered the high-tech television without permission and that it was listed as part of the renovations on the cottage.

It says he did so when the institution?s budget was already over-stretched because of an unexpected $250,000 it had to pay in insurance after its buildings were re-evaluated and $150,000 spent after a recent lightning strike.

?The actions ... suggest clearly that the college knowingly is spending the public funds without compliance to Government financial instructions,? says the report.

It claims that the college?s chief financial officer Lloyd Christopher told a meeting of the PAC in January this year that he had paid out funds for membership and expenses at the Royal Bermuda Yacht Club and local telephone and electricity expenses for the president without the written instruction of the board and without it being in Dr. Green?s contract.

The total bill for the yacht club is understood to be more than $11,000 and Dr. Green?s electricity bill apparently averages between $500 and $850 a month.

The report goes on: ?Bermuda College has not developed nor implemented its own set of financial instructions, policies or regulations.? It says that in the absence of its own rules it should be in compliance with Government instructions.

Evelyn James Barnett, the college?s director of communications, said comment on the allegations would have to come from either the College Board or the Ministry of Education.

Deputy board chairman Pandora Wright was off the Island last night. Ms Butterfield, who is understood to have seen the report, did not respond to a request for comment. Mr. Christopher did not return telephone messages.