FAIRMONT, W.Va. — Fairmont State University has responded to comments made about their potential merger with Pierpont Community & Technical College and Sen. Bob Beach’s (D-Monongalia) request for an audit of the school.
In a statement from the University, they say Senator Beach “repeatedly made inaccurate accusations against Fairmont State University” during his lecture about a request for an audit of the university.
The statement also says Pierpont’s board approached them when they were concerned about the financial viability of the college and asked them to rejoin.
Each year, the WV Higher Education Policy Commission Fund asks Fairmont State to conduct an audit. The statement said the findings of the audits were presented to the Board of Governors at a meeting in December and this year they found significant increases in its net position for the fourth consecutive year and received an unmodified opinion on his audit.
The release later said that at the December 10 WVHEPC board meeting, Fairmont State indicated it had 270 days of cash as of June 30, 2021. At the December 9 WVCTCS meeting , Pierpont would have 127 days of cash on hand. which indicated that Pierpont had the lowest financial scores of two-year colleges in the state.
The statement also outlined several changes that would be made if they approve legislation to reunite the two institutions. However, no decision has been made.
The full statement from Fairmont State University is available here.