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Ga. college sanctioned by accreditation agency

8:25 PM, Dec 11, 2012   |    comments
AP
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ATLANTA (AP) -- The Georgia Perimeter College has been sanctioned by an accreditation agency after an audit found the school was operating with a $25 million budget shortfall caused by chronic overspending and lack of financial oversight.
    
The Atlanta Journal-Constitution Tuesday (http://bit.ly/ZbvF2w) reported the college is still accredited, but has been warned because of the financial shortfall and lack of fiscal oversight.
    
School officials say they expect to have issues resolved within a year. In September, an audit by the University System of Georgia found the school's senior fiscal leaders either ignored or didn't notice the school's dire financial conditions.
    
Georgia Perimeter College is the state's fourth-largest public college. The school operates multiple campuses in suburban Atlanta, and offers online degree programs.
    
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Information from: The Atlanta Journal-Constitution, http://www.ajc.com

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

12/11/2012 7:41:43 PM (GMT -5:00)

Associated Press

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