OAKLAND CITY, Ind. (WFIE) – Oakland City University officials say amid ongoing funding issues, OCU employees did not receive paychecks on Friday.
According to a press release, OCU was able to secure the funding needed to pay employees.
OCU officials say they are caught up in the banking system due to normal security/fraudulent checks on large amounts of money.
They say they expected the money to hit the schools’ payroll account Wednesday, then Thursday, then Friday, but no money has been transferred into the account.
As of Friday morning, the funding has not been released from the bank.
Officials say payroll has been secured, even if they have to manually write checks to employees.
When it comes to future paychecks, they hope to not miss any more, but can’t say for now.
“Right now, we have payroll that has been secured as far as the funding for it,” said OCU Associate Vice President for Development, Marketing, Communications, Todd Mosby. “Right now, we’re going through the secular world of the banking system. And we all know how the banking system works. It’s very difficult these days to transfer money from one bank to another to another, for the obvious reasons of bank fraud and so forth. We applaud the banking system for making sure all funds are going through it are funds that are not something you would find from an illegal source.”
Mosby went on to say the funds are secured, and people will get paid, just not when they’re used to getting paid.
“Sometimes God has to put us all through these trials, so that we can all look to Him for the relief, and look to Him for all the answers,” Mosby said.
Staff is paid biweekly while professors are paid on a contract during school months. Officials say other employees are paid on a 12-month schedule, so they are paid a little less during the summer
Currently OCU does not have plans to close but has contingency plans in place if they need to. They are currently preparing for the incoming class of students, even letting them pick their housing, etc.
The WARN notice was procedural based on advice from their legal counsel.
“The WARN notice, as we stated, was procedural. We did that on advice from our legal counsel. And so that’s the action that we took because our legal counsel gave us the advice to do so,” said Mosby.
Mosby says they’re conducting their operations based on plans on moving forward, as well as everything else.
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