LOUISVILLE, Ky. (WDRB) — Already on probation with its accrediting company, the College of Louisville now faces further accreditation issues associated to monetary points related to its nonprofit basis.
In a letter dated Jan. 27, the college’s accrediting company — the Southern Affiliation of Schools and Faculties Fee on Schools – raised recent considerations concerning the college’s compliance with its requirements after reviewing State Auditor Mike Harmon’s examination of the inspiration, which was launched in December.
U of L is already making an attempt to work its approach off probationary standing with SACS stemming from Gov. Matt Bevin’s try and unilaterally substitute the board of trustees and his involvement in securing former President James Ramsey’s resignation final summer time.
In a campus-broad e-mail despatched Friday morning, U of L interim President Greg Postel stated it was “essential to notice” that U of L despatched Harmon’s report back to SACS.
“The administration, the Board of Trustees and Basis Board all have dedicated to addressing points which have arisen in current months,” Postel stated. “We’ll achieve this brazenly, retaining the college group posted on our actions.”
SACS stated Harmon’s report raises questions concerning the basis’s employment of some college directors outdoors U of L’s human assets system; about whether or not the connection between the college and the inspiration is clearly spelled out; and about $sixty seven million in loans that Ramsey gave the inspiration, of which he was additionally president, utilizing college money with out approval of both group’s board.
SACS requested U of L to answer its considerations in writing by March three.
A particular committee of the company is already set to go to the college within the fall to guage the board governance points that initially led to U of L’s probation.
Within the Jan. 27 letter, SACS Fee on Schools President Belle Wheelan stated the inspiration points could also be added to the particular committee’s scope.
A spokeswoman for the SACS Fee on Schools didn’t instantly return a name Friday.
A replica of the Jan. 27 letter is under: