UH chancellor to ask deficit forgiveness - Hawaii News Now - KGMB and KHNL

UH chancellor to ask deficit forgiveness

Posted: Updated:

HONOLULU (AP) - The chancellor of the University of Hawaii at Manoa plans to ask the Board of Regents to forgive a more than $11 million athletics department deficit.

The Honolulu Star-Advertiser reports that Chancellor Tom Apple hopes to have the deficit forgiven as part of a major restructuring effort.

An independent auditor found that the athletic department's deficit has been mounting since 2002 and stood at $11.3 million in January. It is expected to hit $13 million by the end of the current fiscal year June 30.

John Holzman, chairman of UH's Task Group on Intercollegiate Athletics, requested that Apple provide a plan to balance the books and deal with the deficit.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.