The province released a scathing review of Red River College's financial affairs on Wednesday.
The long-awaited report comes after former president Stephanie Forsyth left the college this past August.
The Manitoba government review found questionable expenses at Red River College that include thousands of dollars in overseas trips and restaurant meals.
The college also looked into accusations from the Canadian Taxpayers Federation that Forsyth used surplus marble from the Union Bank Tower construction project for counters in her home.
The college's board of governors released a statement Wednesday.
“As of yesterday, the board made the decision to engage Winnipeg Police to undertake a review of the allegations. The board looked into this to the best of its ability but determined we do not possess the necessary legal tools to adequately conclude the review,” it said.
“The Board will await the results. At this juncture, it is not appropriate to discuss this further until the review is complete and conclusive.”
The province's report released Wednesday makes 45 separate recommendations to improve policies and procedures, all with the goal of ensuring there is appropriate spending and financial oversight at the college.
"Government expects individuals entrusted with public funds to be responsible stewards of those funds. Any misuse of those resources constitutes a betrayal of the public trust," Education and Advanced Learning Minister Peter Bjornson said in a written statement Wednesday.
The review focuses in on executive expense claims, contract management practices, financial reporting and human resource management practices.
These issues were all brought up during Forsyth's tenure, when she was roundly criticized for a number of personal expenses submitted to the college such as for a house party, golf shoes and car repairs.
The report also notes a high turnover rate among executives and other non-union staff.
Bjornson said he plans to introduce legislation to ensure Red River College follows the best administrative practices on financial management, capital project management and board.
Red River College said it accepts the report and has already begun addressing its recommendations.
But the college said this shouldn't take away from the good work being done.
"This report does not reflect the college as a whole but rather focuses on a very specific period of time,” said David Rew, interim president of RRC.
CTV News tried to contact Forsyth via email on Jan. 21. She now lives out of province and did not respond Wednesday.
- with a report from CTV's Jon Hendricks and files from The Canadian Press
