Audit Raises Money-Management Issues at Stevens Point

The University of Wisconsin at Stevens Point has cited enrollment drops and limited state funds to explain its controversial decision to eliminate 13 majors, most of them in liberal arts fields. A report presented to the University of Wisconsin Board of Regents found "unsatisfactory" bank management and oversight practices going back to 2012, Madison.com reported. University officials said that there was no relationship between these financial problems and the shortfall that officials say necessitated program cuts.