Last week, a reader sent me and other AJC reporters a tip that the president of Georgia Perimeter College was out due to an audit that revealed a shortfall in the millions of dollars. Our higher ed reporter has been chasing down the lead ever since.
Today, the chancellor released a letter confirming that Anthony Tricoli was stepping down, but Hank Huckaby offers no details of what led to the $16 million shortfall and why it was not caught until now.
Clearly, Tricoli is not a candidate for the UGA presidency, as several blog posters suggested last week after the news broke that Michael Adams was retiring next year.
We have several Georgia Perimeter College employees who sometimes comment on the blog. Folks, can you enlighten us on this mess?
Georgia Perimeter College President Anthony Tricoli has stepped down after officials disclosed that the college has a $16 million budget shortfall, Chancellor Hank Huckaby announced in a letter sent to staff Monday.
The shortfall is for the 2012 fiscal year that ends June 30. The college received about $50.2 million in state allocations for the year, according to university system figures.
Tuition and fees will not be increased to cover the shortfall, Huckaby wrote in the letter obtained by The Atlanta Journal-Constitution. Instead, the college has suspended contracts, cut travel, delayed hiring and implemented other steps, Huckaby wrote.
The college and system staff are preparing a plan to balance the 2013 fiscal year budget since the underlying shortfall will continue, he said. “We do not know at this time precisely the impact in every budget area, but it will be significant and will likely impact personnel,” Huckaby wrote. “These actions are necessary to address a shortfall of this magnitude.”
Tricoli stepped down because “of the need for a fresh approach,” Huckaby wrote.
Alan Jackson, the vice president of academic affairs, will serve as acting president until Huckaby appoints in interim president.
Tricoli started has been with GPC since 2006. Since then enrollment has grown by about 7,000 students with more than 26,000 students taking classes at sites in Alpharetta, Clarkston, Covington, Decatur and Dunwoody. It is the state’s third-largest public college, behind University of Georgia and Georgia State University.
From Maureen Downey, for the AJC Get Schooled blog