Kentucky Council on Postsecondary Education officials have updated a panel of lawmakers on various issues. That included talking about efforts to establish long-term financial stability at Kentucky State University. Five million dollars is being spent this year to address these concerns. CPE President Aaron Thompson said lots of work is being done but there are deep issues in finances. Council Vice President and General Counsel Travis Powell said new accounting services are being implemented.
“We still have accounting and budgeting concerns. We know where we are with cash. We think we’re in a good place. We’re finally getting to where I think we need to be on our accounting system, on our budget projections for this current fiscal year,” said Powell.
