Up until this point, we have had a balanced budget. Bob had a question of how the deficit is covered. Sheila said it remains in the 'red' and the loss rolls forward into the Athletic Board reserve. Kathe asked about the different types of income that go into the budget. Sheila said bond revenue funds are not included.
Students have the use of the building.
Athletics pays to use the field house and stadium facilities. Guarantee funds are reported in the income. There were some salaries that were paid out in a temporary situation one year. Sheila explained about the projected funds and actual funds. The Mid-American Conference report states the actuals.