ATLANTA (AP) — An accrediting agency had decided to continue with its sanctions against Georgia Perimeter College over concerns about the school's financial stability and financial controls.

The Atlanta Journal-Constitution reports  that the Southern Association of Colleges and Schools voted Thursday to keep the metro Atlanta college in "warning" status.

Association spokeswoman Pamela Cravey said the organization plans to review the situation in 12 months.

Georgia Perimeter remains accredited and is on the less serious of two possible sanctions.

The group sanctioned Georgia Perimeter in December due to the school's recent $25 million budget shortfall.

Georgia Perimeter interim President Rob Watts said in a statement that the college has taken steps to address the situation. He said there is "every indication" that the school's financial issues have been addressed.

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