A estimated budget shortfall of $55 million for the fiscal year 2021 was announced by J. Reid Parker Director of Athletics Greg McGarity in his report to the UGA Athletics Board of Directors in its fall meeting Friday afternoon. Like the most recent Board meeting in June, Friday’s gathering was held as an online video conference because of social restrictions related to the COVID-19 pandemic.
Despite the budget shortfall, McGarity expressed optimism that the Athletic Association can absorb any deficit by using a combination of measures, including cost containment, as well as utilizing its short-term loan and a portion of its reserve fund.