UA trustees accept audit detailing $4.2M deficit

FILE - In this file photo taken March 30, 2012, University of Arkansas Chancellor G. David Gearhart speaks to board members during a meeting of the University of Arkansas Board of Trustees in Little Rock.

LITTLE ROCK — University of Arkansas trustees have accepted an audit report that detailed a $4.2 million deficit run up by the advancement division at the Fayetteville campus.

Thursday’s discussion took only a few minutes and contained none of the criticism that was heaped on administrators during a recent legislative meeting on the topic.

Trustee John Goodson acknowledged the episode was a “painful” one but said it resulted in stricter financial controls throughout the university system.

The report by the Division of Legislative Audit says the division hired about 20 new fundraisers without having the money in hand to pay them. Two administrators were terminated when the deficit came to light.

 

More

Sat, 08/19/2017 - 10:20

Residents have 2 chances to weigh in on homeless shelter

Conway residents will have the opportunity to hear more information about and weigh in on a proposed homeless shelter on Donaghey Avenue during a pair of meetings this week.

Read more
Fri, 08/18/2017 - 18:37

Sideline: CHS volleyball and football; UCA soccer

CHS volleyball, football teams featured Saturday

Read more
Fri, 08/18/2017 - 18:09

After Broyles’ tribute, Bielema previews team

SPRINGDALE — Fittingly, Friday’s annual Kickoff Luncheon at the Springdale Holiday Inn’s Northwest Arkansas Convention Center began with emcee Chuck Barrett’s tribute to Frank Broyles and a moment of silence honoring him.

Read more