LAS VEGAS REVIEW-JOURNAL
Athletic director Jim Livengood said he hopes eventually to operate the UNLV athletic department independently of state and university funding.
John Locher/LAS VEGAS REVIEW-JOURNAL
UNLV's athletic department is projecting a $1.93 million deficit this fiscal year that will drain nearly its entire reserve fund, and athletic director Jim Livengood faces some tough choices as the likelihood of further cuts looms.
Livengood plans to reorganize the department. Although he said no decisions have been made, Livengood has not ruled out furloughs, salary freezes or layoffs.
"Right now, I'm looking at everything," said Livengood, hired in December after spending 16 years as Arizona's athletic director. "I'd like to get away from (layoffs). I just don't know that we can."
UNLV estimates that it will end its fiscal year June 30 with $26.06 million in revenues and $27.99 million in expenses.
The $2.07 million reserve fund that the department had at the beginning of the fiscal year is projected to drop to $135,415.
The Thomas & Mack Center is expected to have $1.45 million in reserves, and the athletic department could draw upon that money.
Rhett Vertrees, UNLV associate vice president for financial services, said he was optimistic about increasing the reserve fund for the next fiscal year because of money-making football games at home against Wisconsin and at West Virginia. The Wisconsin game should sell out, and UNLV will receive $750,000, all but $10,000 in cash, from West Virginia. UNR, another top draw, also visits.
Those games will help a football program expected to end the current fiscal year $3.11 million in the red.
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Labels: UNLV athltics budget livengood