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UA: Will use reserve funds to knock down deficit

By The Arkansas Democrat-Gazette

This article was published January 30, 2014 at 11:16 a.m.

FAYETTEVILLE — The University of Arkansas said Thursday that it will use reserve funds and private money to eliminate the division’s accumulated deficit.

The university’s Advancement Division accumulated a $4.2 million spending deficit through fiscal 2011 and 2012.

The money was spent in part on hiring for the fundraising division.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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