Amarillo College has announced the resignation of its Vice President of Business Affairs, Chris Sharp, following an investigation into financial procedures within the institution.
According to a statement from the college, Sharp was placed on administrative leave on October 3 while an independent audit was launched to review certain financial matters. The college confirmed this week that Sharp has officially submitted his resignation.
As Vice President of Business Affairs, Sharp oversaw Amarillo College’s financial planning, budgeting, and related administrative functions. The college has not yet named an interim or permanent replacement for the position.
Sharp joined Amarillo College in 2019 after previously serving as assistant city manager and finance director for the City of Canyon.
In its statement, the college emphasized that its financial position remains stable and that the ongoing audit will not affect operations, the institution’s mission, or its growth initiatives. Officials added that no further details will be released until the audit is complete.
AC President Dr. Jamelle Conner notified staff about the investigation.
“For my colleagues, I would like you to know that Amarillo College is stable, and we will continue to focus on our work,” Conner wrote in an email to employees. “I am grateful to each of you for your care and tireless effort in pursuit of our students’ success.”
The Amarillo College Board of Regents held a special meeting in October, shortly after Sharp was placed on leave. During that meeting, board members unanimously approved a $5 million revolving line of credit from Amarillo National Bank.
Following the meeting, Conner stated that the revolving line of credit would provide “cash flow stability” and “emergency preparedness” for the institution.
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