Friday, June 8, 2018

FAMU has plan to cover "unexpected expenses" in this year's athletics budget

TALLAHASSEE, Florida -- Three months ago, Kelvin Lawson, chairman of Florida A&M University’s board of trustees, explained to a Board of Governors committee the discovery of $1 million in “unexpected expenses” faced this year by the athletics department.

Since then, FAMU and BOG members have been holding regular meetings about the department’s finances and how the university is closing the gap.

It’s taken big bucks from Rattler supporters and some creative in-house fundraising to make it happen.

During Thursday’s board meeting, Lawson, who also chairs the trustees Special Committee on Athletics, and Wanda Ford, acting vice president/CFO, finance and administration, said the university has secured money to cover the $1.3 million shortfall.

Here’s the breakdown:

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