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UA Trustees Accept Audit Of $4.2 Million Deficit

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...
university of arkansas

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.

Read more on this story from our partners at ArkansasBusiness.com

Read more on the UA’s multi-million-dollar shortfall case.