Audit: Berks County college’s $10M surplus claim was less than half
An audit found the Berks County college’s previously touted $10 million surplus was significantly overstated; the school has carried a deep deficit since 2018 and experts say action is urgent.
An independent audit determined that the Berks County college’s advertised $10 million surplus was actually less than half that amount. The school has run a deep deficit since 2018, and experts say the financial problem needs to be addressed quickly to avoid further harm.