LINDSBORG, Kan. — Bethany College in central Kansas’ Lindsborg no longer is on probation over its finances.
The Salina Journal (http://bit.ly/2uESmTE ) reports the college was notified Monday that the Higher Learning Commission’s governing board has removed it from probation and reaffirmed the college’s accreditation.
The college received probation in mid-2015 for noncompliance with criteria relating to finances and operational processes. The school still remained fully accredited.
The college’s president, William Jones, said the lifting of probation “allows us to move forward without an albatross around our neck.”
The college’s latest audit showed a positive balance for the first time in eight years, with a total change of net operating assets from a nearly $5.5 million loss in fiscal year 2015 to a gain of more than $77,000 in fiscal year 2016.
Information from: The Salina (Kan.) Journal, http://www.salina.com