The UH Athletic Department is projecting a $2 million deficit, $600k less than the previous year

HA Note: "The University of Hawai'i athletic department is projecting a deficit of approximately $2 million when the current fiscal year ends in less than two months, which could mark an improvement of as much as $600,000 from the previous one. But the shortfall remains in line with a February forecast to the Board of Regents predicting the accumulated net deficit will hit $10.1 million when the books close June 30, 2010.

UH had a $2.63 million deficit for the fiscal year that closed June 30, 2009. It was the seventh time in eight years a deficit has been recorded. Only the Sugar Bowl year of 2007 did not close in the red. The accumulated net deficit, which has been building since 2002, was $8,051,123 as of June 30, 2009."

About how the deficits will continue, an independent auditor's report in February concluded:
"in the near term, during the next two or three fiscal years, it is probably not realistic for Manoa athletics to self-generate enough revenues at the current level of allocated revenues to produce a balanced budget." (HA)

JD said that UH's deficit will end up:
"somewhere between $1.8 million and $2.2 million." (HA)

HA Note: "UH said it has kept about 12.5 percent of its athletic department positions vacant to help save money and attempted to tap new revenue opportunities."

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