UH Regents ask JD for plan to balance the Athletic Department's budget

HA Note: "The University of Hawaii Board of Regents today asked athletic director Jim Donovan to compile a timetable of when the financially struggling department can return to profitability. The request came one day after a regents committee was told that UH athletics has a net accumulated debt of $8 million since 2002 that is projected to reach $10.1 million by the end of the current fiscal year, June 30, 2010."

Asking JD to come up with a plan to balance the Athletic Department's budget, UH Board of Regents chairman Howard Karr said:
"I would like to see what his strategies are going to be and what type of support he is going to need from the regents, the state or the Manoa campus." (HA)

About how they will need some outside help to become profitable quickly, JD said:
"If we get help we can get to break-even (annually) and start retiring some of the accumulated net deficit quicker. If it is being completely done by athletics only, it is going to take longer." (HA)

About how he will come up with a plan and timetable quickly, JD said:
"I think we can put a plan together within a few months. We can come up with something pretty quickly." (HA)

HA Note: "Donovan reiterated that UH receives less outside support than peer institutions in the Western Athletic Conference and Mountain West Conference. According to UH, athletics generates 81 percent of its operating funds while receiving 19 percent of its money in support from the school and state. Meanwhile, Donovan said, peer institutions average 50 percent self-generated funds."

http://www.honoluluadvertiser.com/article/20100218/BREAKING02/100218039/Regents+ask+UH+AD+Donovan+for+timetable+to+get+out+of++10M+debt