UH athletics department expecting largest deficit in 20 years
HONOLULU (HawaiiNewsNow) - It's no secret that the University of Hawaii Athletics department is operating in the red, in fact, most Division 1 athletics departments all over the country do. What is shocking though ... just how far in debt UH is expected to be at the end of the 2015 fiscal year. In May, school officials told the UH board of regents that the department was projected to be anywhere from 3.8 to 4 millon dollars in debt this fiscal year.
However, today A-D David Matlin told us that by time the annual audit concludes in the fall -- athletics will be anywhere from $4.2 to $4.4 million in debt. Matlin attributes the projected $400,000 discrepancy to unexpected expenses, higher personnel costs as well as lack of revenue from fundraising and donations.
This will be the University's 4th consecutive year in the red -- and the largest deficit in UH athletics history. Last year ended with a $1.9 million debt. However, in 2013 the school faced its largest recorded deficit to date at nearly $3.4 million. And in 2012 the athletics department was a little more than $2.2 million in the hole.
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