UA Trustees Updated On Fundraising Division Audit

Nov 21, 2013

University of Arkansas officials say they're making changes to correct millions of dollars in overspending in its fundraising division.

Leaders of the Fayetteville campus told UA System trustees on Thursday that the school is addressing each of 16 findings from an investigative report by the Division of Legislative Audit.

Officials didn't go into detail at the trustees meeting in Little Rock but said they expect more information when they convene in January.

Prosecutors and legislators are examining issues raised in the state audit and one by the university, which found $4.19 million in overspending by the University Advancement Division in fiscal 2012 and $2.14 million in 2011. Some of the 2011 deficit carried over into 2012's total.