ALBUQUERQUE, N.M. (AP) - University of New Mexico’s accreditation agency wants an explanation for why the university is under a special audit by the state Auditor’s Office.
The Albuquerque Journal reports (https://bit.ly/2x8tXmF ) State Auditor Tim Keller’s office started the audit May 31 amid questions about athletic fundraising and expenses.
Higher Learning Commission coordinator Robert Rucker on Tuesday said the agency has “concerns regarding the university’s financial oversight.”
Rucker says the audit raised questions about the university’s compliance with accreditation criteria. He requested a response by Sept. 14.
The university released a statement saying it “considers a response to this request to be of utmost importance to clarify that the university is financially sound.”
The university has acknowledged in the past that it used about $25,000 in public funds to pay booster expenses on a 2015 golf junket in Scotland.
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Information from: Albuquerque Journal, https://www.abqjournal.com
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