The University of Hawaii Manoa's athletic director, Ben Jay, has asked all of his staff members and coaches to cut between five percent and ten percent of their expenditures for the remainder of the fiscal year in an effort to reduce expense. Last summer, the athletic department was ordered by the UH Manoa Chancellor Tom Apple to reduce their annual operating deficit to no more than $1 million per year for the next three years and have no deficit thereafter. However, Jay reported to the UH Board of Regents earlier this month that this year's fiscal deficit would be approximately $2 million. Jay is asking everyone to work together and reduce that difference and added that several coaches who are being recommended for pay raises would not see any increase in the current fiscal year.
Source: Honolulu Star Advertiser, 2-19-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
