“UNM is committed to transparency and fiduciary responsibility of all areas across campus. While we have internal transfers and subsidies, we expect all units to live within their budgets. This summer, I took immediate action to institute stronger internal controls and more thorough oversight of the Athletic department’s financial operations.
“Part of the internal review includes determining reasons why the department has fallen short on budgetary goals. Potential contributing factors may include optimistic estimates of attendance and revenues.
“Working together with new Director of Athletics Eddie Nunez, we are continuing to evaluate the athletics budget and reviewing the businesses practices in UNM Athletics Department to assure that it is operating efficiently and responsibly.”
Interim UNM President