Finally, there is an annual audit of the UGAA by an outside accounting firm, Deloitte and Touche. Meetings are held by the President, Faculty Athletics Representative, Athletic Director, Senior Associate Athletic Director, and the Senior Vice President for Business and Finance for the University of Georgia on an as needed basis to discuss budget matters and any other Athletic Association fiscal matters. Also, a financial and budget report is presented to the Athletic Board at its end of the year meeting. In doing so, make sure that all athletics administrative costs are included. Prepare a separate list of revenues under the institution's direct control and another for revenues not under the institution's direct control.
All revenues are under the institution's direct control.
Utilize unexpended plant funds. Review internal operating procedures and staffing to achieve additional efficiency. Borrow sufficient funding from external financial institutions on a temporary basis. These incremental steps for addressing any substantial deficit have been recommended and approved by the Board of Directors and the implementation of any of these steps requires the approval recommendation of the Director of Athletics and approval of the President of the University. UGAA has a long history of prudent and reasonable fiscal management.