UA sets plan to avoid ’13 deficit

Loans, one-time transfers going toward $3.1 million shortage

Posted: December 14, 2012 at 1:25 a.m.

Leaders at the University of Arkansas at Fayetteville are using a mix of one-time transfers, including some loans from within campus, to shore up a $3.1 million deficit in its Division of Advancement for the past fiscal year that ended June 30, restore cash flow and to redevelop the budget for the current fiscal year so a deficit is not repeated.

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Northwest Arkansas, Pages 9 on 12/14/2012