Wolf Pack reports $900,000 fiscal year deficit; owes university $5.9 million total - Chris Murray, Reno Gazette Journal

It took a little longer for the Wolf Pack athletic department to crunch its final numbers for the last fiscal year, but the end result was the same as it has been in six of the last nine seasons – a deficit. “It’s always a challenge to get the finish line and finish your budget every year,” Nevada athletic director Doug Knuth said during his “State of the Wolf Pack” address on Tuesday afternoon at Basin Street Club at Mackay Stadium. “This year, we came close, but close isn’t the right answer.” Nevada reported a $214,000 operating budget deficit for fiscal year 2018, however the overall deficit was $900,000 when including three “one-time accounting inconsistencies.” That comes on the heels of a $2 million deficit in fiscal year 2017. In all, the Wolf Pack owes the university roughly $5.9 million to cover budget deficits that have occurred since the so-called Great Recession, which predated Knuth’s employment (he inherited a $3.2 million debt when hired in April 2013). https://www.rgj.com/story/sports/college/nevada/2018/08/21/pack-reports-900-000-fiscal-year-deficit-owes-university-5-9-m-total/1057915002/