Ark. community college may have $1.6 M shortfall - KAIT Jonesboro, AR - Region 8 News, weather, sports

Ark. community college may have $1.6 M shortfall

 

BENTONVILLE, Ark. (AP) - An Arkansas community college may have a $1.6 million shortfall.

Projections show NorthWest Arkansas Community College took in more than $37.4 million by June 30 and spent more than $38.6, leaving it about $1.1 million short. However, officials believe the final amount will be larger.

President Becky Paneitz told the Benton County Daily Record that a carryover of surplus money from previous years will cover the loss.

State lawmakers say the college must turn its finances around.

Sen. Sue Madison said public bodies should be more careful when using carryover money and that operating budgets need to come from a stream more reliable than reserves.

Raises were given to the college's administrators during the 2012 fiscal year, and others received salary increases for the 2013 fiscal year.

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 This material may not be published, broadcast, rewritten or redistributed.)

 

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Family wants answers after son's ashes were stolen

    Family wants answers after son's ashes were stolen

    Thursday, February 22 2018 12:49 AM EST2018-02-22 05:49:28 GMT
    Thursday, February 22 2018 11:34 PM EST2018-02-23 04:34:09 GMT
    (Source: KAIT)(Source: KAIT)

    The Peevey family experienced the second loss of their beloved family member and late Jonesboro police officer as someone destroyed his niche and stole his ashes out of the Grace Memorial Garden. Now they are demanding the ashes be returned.

    The Peevey family experienced the second loss of their beloved family member and late Jonesboro police officer as someone destroyed his niche and stole his ashes out of the Grace Memorial Garden. Now they are demanding the ashes be returned.

  • City holds second discussion on bike/pedestrian trail

    City holds second discussion on bike/pedestrian trail

    Thursday, February 22 2018 10:52 PM EST2018-02-23 03:52:01 GMT
    Thursday, February 22 2018 11:26 PM EST2018-02-23 04:26:07 GMT
    (Source: KAIT-TV)(Source: KAIT-TV)
    (Source: KAIT-TV)(Source: KAIT-TV)

    The city of Jonesboro held its second public meeting about the proposed bike and pedestrian trail Thursday night.

    The city of Jonesboro held its second public meeting about the proposed bike and pedestrian trail Thursday night.

  • Two Jonesboro schools win first place in video contest

    Two Jonesboro schools win first place in video contest

    Thursday, February 22 2018 11:10 PM EST2018-02-23 04:10:13 GMT
    Thursday, February 22 2018 11:23 PM EST2018-02-23 04:23:26 GMT
    (Source: KAIT-TV)(Source: KAIT-TV)
    (Source: KAIT-TV)(Source: KAIT-TV)

    Representatives from the Arkansas Department of Education visited Jonesboro Kindergarten Center and Jonesboro High School to watch the winning videos and give the students their first place plaques.

    Representatives from the Arkansas Department of Education visited Jonesboro Kindergarten Center and Jonesboro High School to watch the winning videos and give the students their first place plaques.

Powered by Frankly