Alabama State University officials have outlined initial steps they plan to take to recover from a credit downgrade and are looking for more information on specific things the school needs to do to respond to warning from an academic accreditation agency.
The Executive Committee of the Board of Trustees met Wednesday afternoon. Chairman Elton Dean says he's assembled a group tasked with having weekly conference calls to discuss what the school needs to do to recover from its third credit downgrade by Moody's Investors Service within a roughly nine month period.
Alabama State University officials say they're committed to revamping administrative processes to respond to a recent credit downgrade and a warning from an accreditation agency.
In a statement Monday, ASU President Gwendolyn Boyd said the school's recent credit downgrade by Moody's Investor's Service is the third in almost nine months and she considers it a "very serious issue."
An accrediting agency has issued a warning to Alabama State University for failing to comply with several accreditation standards.
The Montgomery Advertiser reports the Southern Association of Colleges and Schools issued the warning to ASU late last week, saying the school hasn't complied with standards on board of trustees governance, financial stability and Title IV funding issues.
Two members of the Alabama State University board of trustees have questioned university President Gwendolyn Boyd's understanding of the school's governance structure, and Boyd has called claims they've made against her intimidation and harassment.
A series of letters obtained by the Montgomery Advertiser outlines a disagreement between Boyd and board members Elton Dean and Marvin Wiggins. The issue arose after Boyd distributed a revised organizational chart just before a late April trustee meeting.
An Alabama university is barring its new president from living with any romantic interest in the campus home provided her as long as she remains unmarried.
A contract signed by Gwendolyn Boyd to become head of Alabama State University in Montgomery prohibits her from sharing her presidential home with any partner. The contract notes Boyd is single and requires her to live in the house. It says the no-cohabitation clause is in effect as long as Boyd isn't married.
Democratic state Sen. Quinton Ross of Montgomery is seeking re-election after not being selected president of Alabama State University.
Ross was one of three finalists interviewed by the Alabama State trustees Friday, but they chose Gwendolyn Boyd from John Hopkins University.
Shortly after the selection, Ross announced he will run for a fourth term next year. Ross said he was thankful to be nominated to the Alabama State position, but he looks forward to continuing to represent his Montgomery County constituents.
Alabama State University trustees will soon vote on the next president of the university.
The trustees are scheduled to take up the matter at a meeting Dec. 20. A notice from the Alabama Secretary of State indicates that the board will meet to vote on the next president.
Members of a search committee last week interviewed three finalists for the job: state Sen. Quinton Ross Jr. of Montgomery; Gwendolyn Boyd of John Hopkins University; and retired Brig. Gen. Samuel Nichols Jr. of Virginia Friday afternoon.
State lawmakers have approved another $50,000 for the company conducting a forensic audit at Alabama State University.
A panel of lawmakers on Thursday approved the latest request for money for the independent audit. The Montgomery Advertiser reports (http://on.mgmadv.com/1dM10Ag) that the increase could take the total cost for review up to $650,000.
Jennifer Ardis, a spokeswoman for Alabama Gov. Robert Bentley, said the auditing process is taking longer because of difficulty in gaining access to needed information.