Hawaii Increases Borrowing To Combat Athletic Department Deficit
A $2.94M deficit has forced the Univ. of Hawaii's athletic department to "increase its borrowing" from the school to $13.6M to "balance its accounts," according to Ferd Lewis of the HONOLULU STAR-ADVERTISER. Some regents have "questioned whether the department, which has had two years in the black since 2001, can return to the self-sufficiency of the 1980s and '90s." Last session, the state legislature appropriated $4M ($3.6M for Manoa and $400,000 for UH Hilo, both part of the Univ. of Hawaii system) for the current fiscal year, which ends June 30. The UH athletic department paid $8.5M in coaching salaries for FY '19, its "third-highest outlay" of $51.3M in expenses. The athletic department said that its financial situation is "impacted by a 'low' level of student fee support," $6.2M in "unique" travel costs and other expenses due to geography and increasing labor benefit costs (HONOLULU STAR-ADVERTISER, 12/6).