From North Carolina-The university has made numerous budget cuts in recent years, such as in 2014 trimming its full-time workforce, not rehiring dozens of adjunct faculty and furloughing employees. In April, the university announced it was laying off 22 employees as part of a restructuring.
Ward said that accreditation agency was impressed by how the university invested $1.7 million in a project addressing its financial processes. He said the university has gone from doing its accounting manually to using software.
Ward also praised the alumni and the Episcopal Diocese of North Carolina, which founded the school in 1867, for their financial support. He also singled out the faculty and staff for standing by the university.
“I know how hard it has been and you have stood with us in the most difficult times because you never failed to believe that we would not reach this day,” Ward said.
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