Paine College officials announced today that the College will not be able to make its scheduled payroll.
Sunya L. Young, Vice President of Institutional Advancement, said, “We were unable to meet payroll today. We are making every effort to pay our employees as quickly as possible, and hope to be able to do so next week. It is not true that employees will not be paid until January 1, 2016. No final decisions have been made concerning future pay, at this time. We are focusing on the current situation.”
Earlier during the week, Dr. Samuel Sullivan, Interim President of Paine College, broke the news to the faculty and staff at a meeting held in the Gilbert-Lambuth Memorial Chapel.
Sherrell Flournoy, Controller, commented that all salaried employees persons paid from grants received their paychecks. All hourly employees were paid for the month of October. In addition, all employee benefits were met.
Salaried employees who are paid out of institutional funds were not paid. The College is working to pay salaried employees as soon as possible.
Although the College issued courtesy letters to creditors on behalf of employees stipulating that employees would be paid no later than January 8, 2016, the College will make every effort to fulfill obligations to employees as soon as funds become available.
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Paine College, Augusta, Georgia