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Prairie State College posts clean audit and new graduation fee
Auditors from McGladrey & Pullen gave Prairie State College a clean opinion on its financial statements. Revenues rose by 2.7 million with 8 million in working cash, funded by working cash bonds due to be repaid in December 1996 costing homeowners about 12.24 more annually. The college’s accumulated deficit was wiped out by 1993, aided by underbudgeting and a rise in equalized assessed valuation. The board also approved a $15 graduation fee to replace the $10 cap and gown rental, after noting about 9,000 dollars in costs for ceremony facilities, refreshments, and flowers.
MENTIONED IN THIS ARTICLE
Ay Gilda Williams
State College
McGladrey & Pullen
Ruth Bittner
James Troutman
Bittner
Lightfield
Governors State University
Gigi Campbell
Michael Monteleone