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UCA Financial Problems Blamed on Cash Outlay
posted 11/18/09
11:29 am
The report by deputy director Stanley Williams says UCA paid cash for the projects rather than issuing bonds. UCA officials say $21 million in cash was spent between 2004 and 2008 on projects including renovation of the student center, buying land and homes and buying a software system.
The report shows UCA with a negative educational-and-general fund balance of $4.6 million in July.
Hardin is now president of Palm Beach Atlantic University in Florida. He did not return a phone call and e-mails seeking comment.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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Latest Comments on "UCA Financial Problems Blamed on Cash Outlay"
posted by: willdf on 10:42 am on 11/19/09
Same old pattern we all know. Everything is the fault of the guy who just left. Blame it all on Hardin, and the Board, whose JOB it is to oversee everything, gets a free pass because of their political connections. Don't expect a lot of change.
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