University of Hawaii projects narrowed athletics deficit for completed fiscal year
HONOLULU — The University of Hawaii at Manoa athletic department nearly broke even during Fiscal Year 2022, its most recent figures showed, but its financial landscape remains challenging for future years.
UH projected in early June that its deficit for the fiscal year ending June 30 would come in at about $400,000, or $42 million in revenue to $42.4 million in expenses.
However, that was with about $9.7 million in federal aid meant to reimburse net revenue losses due to the COVID-19 pandemic – nearly a quarter of UH Manoa’s athletics budget. That outside support will not repeat in FY2023.
