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Why UGA says it can’t redirect reserves to new projects

Much has been discussed about the large amount of money sitting in Georgia’s operating reserves. The worry is that millions of dollars that could be used toward athletics facility upgrades is going to waste.

During Thursday’s annual spring UGA Athletic Association Board of Directors meeting at the King and Prince Golf and Beach Resort, this topic was broached during an hour-long presentation.

In essence, Georgia preached a fiscally responsible approach to its spending. The money in the operating reserves has multiple purposes, such as maintaining projects, being prepared for unforeseen events and to maintain good standing with lenders.