Amanda Reddick, a compliance officer at the two-year college, tells The Atlanta Journal-Constitution (http://bit.ly/L5ZdTm) that the state agency is reviewing records "to determine if fraudulent activities occurred."
College spokesman John Millsaps said the University System of Georgia asked the agency to review issues at Georgia Perimeter.
State audits and a University System analysis showed the school has been overspending its budget by millions of dollars for the past four years.
The Journal-Constitution reported that the school spent more than $7 million more than it took in from tuition, fees, grants and state and federal appropriations in fiscal years 2009 and 2010. Its deficit could hit $16 million this fiscal year.
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