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The University of North Texas will have a balanced budget this upcoming fiscal year, with $543 million as budgeted income, and the same amount for expenditures, according to budget documents. This is part of the $870 million total budget for the University of North Texas system, which was passed by the Board of Regents unanimously last week, with one amendment. After presentations from UNT President Lane Rawlins, the board voted 6-3 to add an amendment to the budget that supports “the commitment of the UNT President of an additional $2.8 million in revenue and expenditure for the UNT Intercollegiate Athletics program and directs the Finance Committee to meet with the President immediately.” Additionally, the amendment states that the committee should review the athletics department five-year plan and make a recommendation to the board including budget adjustments. After the amendment was added, the budget passed unanimously. Rawlins was not immediately available to comment further on the amendment and how he and the committee will proceed. Read more: http://www.dentonrc.com/local-news/local-news-headlines/20130822-unt-board-of-regents-approves-870-million-budget.ece
