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FAYETTEVILLE, Ark. (KFSM) - The FBI is involved in an investigation into overspending at the University of Arkansas and allegations that public records were destroyed. At the same time, the Legislative Joint Audit Committee in Little Rock scheduled another hearing on the matter.

"He was gracious enough to join us and help us out some," said David Bercaw, deputy prosecuting attorney, said of an FBI agent.

The local FBI agent is working with the Washington County Prosecutor Office in Fayetteville. They're sorting through records and conducting interviews after a $4.2 million shortfall in the university's fundraising division.

"There's no suspicion of any federal issues on this," Bercaw said. "It's just a matter of we asked to use his expertise."

To read about what may have led to the deficit, visit KFSM's website: http://on.kthv.com/1bewFG6