FSCJ Board votes to terminate former president's contract

The Board of Trustees of FSCJ voted to terminate former President Dr. Steven Wallace's contract Tuesday evening.

The board determined Wallace engaged in gross misconduct.

He is currently being investigated for improperly accruing vacation days. According to our news partner Action News Wallace built up 192 days over a 15 year period. They report his contract had no restrictions on the amount of vacation time he could accrue. He reportedly took 172 comp days for which he received compensation for. He was paid approximately $336,000 dollars when he stepped out of the position.

Governor Rick Scott ordered an investigation into Wallace's spending. Wallace announced his resignation in October and negotiated a deal with the Board of Trustees worth more than a million dollars in continued salary and accrued leave time.

We received this statement from interim President Willis Holcombe:

"Today the Florida State College at Jacksonville District Board of Trustees had its first opportunity to discuss the final report of the Office of the Inspector General which was released on August 5^th. The discussion was wide ranging, including consideration of Dr. Steven R. Wallace's current contract with the College and issues related to his former role as president.  After extensive deliberation, the Board of Trustees voted to terminate Dr. Wallace's employment contract immediately, upon written notification to him, as per his contract."