ATLANTA — A $25 million shortfall at Georgia Perimeter College was caused by chronic overspending and an inattention to finances by administrators of the suburban Atlanta school, an audit found.
The review by the University System of Georgia, released Thursday, found that the school’s senior fiscal leaders ignored or didn’t notice signs the college was heading toward financial disaster.
Evidence of the school’s dire situation was available in both school financial statements and publicly available state audits, which showed the college overspending its budget and using dwindling reserves to make ends meet.
The review says the former president, however, didn’t read the financial statements and other officials didn’t fulfill their fiscal management duties.
The school is the state’s third-largest public college, teaching nearly 27,000 students in Alpharetta, Clarkston, Covington, Decatur and Dunwoody.
Earlier this year, Georgia Perimeter announced layoffs of nearly 300 workers as it copes with its budget shortfall.
Speed limits could depend on traffic
ATLANTA — Georgia transportation officials have approved a plan to install technology that will allow speed limits to change, depending on traffic conditions, on Atlanta’s Interstate 285.
The state Department of Transportation decided Thursday to move ahead with plans for the electronic speed limit signs on the northern part of I-285.
DOT spokeswoman Jill Goldberg said the signs will adjust the speed limit based on such factors as weather conditions and rush hour traffic. She said the technology is a way to keep traffic flowing evenly.
The signs will be installed north of Interstate 20 on both sides of I-285. The speed limit will increase from 55 to 65 mph on the entire perimeter, with the signs giving officials the ability to slow speeds down when conditions warrant.