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USM athletic department's deficit tops $1.2M
by The Associated Press
Oct 07, 2012 | 1858 views | 0 0 comments | 2 2 recommendations | email to a friend | print
HATTIESBURG — The University of Southern Mississippi's athletic department owes the university more than $1.2 million for deficits it ran in three of the past four fiscal years.

The Hattiesburg American reports that the department predicts a shortfall of at least $1 million for 2012-13.

But interim Southern Miss President Aubrey Lucas said measures taken by the university and the athletic department whittled about $800,000 from the projected debt in 2011-12. He says steps are in the works to end the red ink.

Those include scheduling road games for large, guaranteed paychecks.

State College Board policy forbids universities to finish a fiscal year in the red.

Lucas says audits had forecast a $1.2 million deficit for the 2011-12 fiscal year, but USM pared that down to less than $400,000.
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