Auditors eyeing college finances amid £620k loss
A financial crisis has enveloped UHI Orkney after auditors found a battery of concerns about budget monitoring, invoicing and procurement.
The focus has so far been on three departments at the college — but it has now extended to a decision to look into the financing of every course run at the campus.
Orkney Islands Councillors are keen to get to the bottom of the causes of a thumping £620,000 loss made by the college in 2022/23.
The college was bailed out by drawing on £481,000 of reserves and a soft OIC loan of £139,000.
More on this story in next week’s edition of The Orcadian.