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Daily Reflector article on athletic dept. financial crunch (Link)

Last year, ECU announced the athletics department was receiving a total of $20 million in university funds to wipe clean a deficit and also make substantial facility improvements. One transfer of $10 million in non-state auxiliary funds covered a deficit projected to be $4,223,699 at the end of the fiscal year, with the leftover to be put toward future debts. The second $10 million transfer came from an ECU Physicians accrued fund balance to be spent on facilities projects, including a $60 million football stadium renovation to be completed for the coming season.
[Post edited by charlie27858 at 07/12/2019 06:16AM]

Link: Financial crunch

Posted: 07/12/2019 at 04:10AM


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