Wednesday, June 7, 2017
TALLAHASSEE, Florida -- For the first time in more than a decade, Florida A&M’s athletic department has a balanced yearly budget.
Athletic Director Milton Overton Jr. on Wednesday told members of the university’s Special Committee on Athletics he managed to turn a projected 2016-17 year-end deficit of $651,724 into a surplus of more than $9,000.
Overton announced the original budget shortfall in December.
It wasn’t easy – Overton insisted it wasn’t a one-man effort – but Wednesday’s announcement marks a reversal of years of overspending from the athletic department.
“There were a couple of things we did to address this deficit,” Overton told the committee. “Obviously, we reduced our expenses and increased our revenue. We reduced some salaries. We’re a little more efficient in terms of personnel and how we do business.”