FAYETTEVILLE, Ark. (AP) - The University of Arkansas' chancellor has moved aside the chief of fundraising for the Fayetteville campus, saying the office finished last year with a $3 million deficit and needed this year's budget plugged, too.
Chancellor David Gearhart issued a statement Monday saying his vice chancellor for advancement, Brad Choate, is being given other duties. Gearhart will direct the University of Advancement Division himself.
Choate isn't accused of misappropriating any funds but Gearhart says Choate and his budget director improperly used anticipated revenues to meet current budget obligations.
Gearhart says Choate will continue to work on developing a new fundraising campaign. Choate's appointment ends at the June 30 close of the fiscal year.
Arkansas Business reports that Choate will continue to draw his $350,000 salary.
Information from: Arkansas Business, http://www.arkansasbusiness.com
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