UH sports sacked for a loss of $1.8M in 2012

By Jason Kaneshiro

POSTED: 01:30 a.m. HST, Dec 13, 2012

~~<p>A year after turning a profit, the University of Hawaii athletic department ran a $1.8 million deficit in the past fiscal year, and the UH football program's struggles this season are expected to contribute to a bigger hit this year.</p>
<p>The department's financial statements for fiscal 2012 were presented Wednesday to the UH Board of Regents Committee on University Audits, and show that the department increased spending by $3 million while revenues dropped by about $1.5 million over the previous year.</p>
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A year after turning a profit, the University of Hawaii athletic department ran a $1.8 million deficit in the past fiscal year, and the UH football program's struggles this season are expected to contribute to a bigger hit this year.

The department's financial statements for fiscal 2012 were presented Wednesday to the UH Board of Regents Committee on University Audits, and show that the department increased spending by $3 million while revenues dropped by about $1.5 million over the previous year. Login for more...