OSHKOSH, Wis. (AP) — The financial troubles that have landed the University of Wisconsin-Oshkosh Foundation in Chapter 11 bankruptcy are leading to changes at similar nonprofit foundations associated with UW campuses. The Legislative Audit Bureau has recommended more stringent accountability rules for the organizations. Officials say university campuses should have chancellors file annual financial statements and foundation reports should be independently reviewed by certified public accountants. UW System spokeswoman Stephanie Marquis says the changes are meant to increase transparency. The UW-Oshkosh Foundation is $14.5 million in debt following five development deals. The UW system has declined to fill the budget hole. Two former officials are facing civil lawsuits for alleged improper financial transactions. Wisconsin’s public university foundations are nonprofit organizations that are primarily funded through private donations and investments.
Written by: Radio Plus
photo: waupun mayor rohn bishop The Waupun Common Council has postponed action on wage increases for paid on call firefighters and elected officials to get more public input. The council discussed the matter, sometimes heated, at their meeting this week and will take up the issue again at their April 8th meeting. If […]
todayMarch 27, 2025
A house fire near New Holstein claimed the life of a child. Shortly after 2am Wednesday firefighters were called to the scene on Honeymoon Hill Road near County Road T. A child in the home was pronounced dead at a hospital. The cause of the fire remains under investigation.
todayMarch 27, 2025
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