UNT adjusts budget by $3.5 million

Harry · June 13, 2014

FORT WORTH — The University of North Texas has adjusted its budget for the current fiscal year, as new projections show revenue will be $3.5 million less than anticipated.

The budget was created last summer when old leadership was in place and those who oversaw financial mismanagement were still in charge. Now, expenditures have been adjusted to meet the anticipated $542 million in revenues, Janet Waldron, the UNT System’s vice chancellor for finance, said during Thursday’s Board of Regents meeting.

In Waldron’s strategic budget update to the board, she noted that in the future the reports will be more thorough.

“It was obviously a budget that was put together before the hiring of the current vice president and chief financial officer, and probably one that the new president, I suspect, inherited as he was coming into office,” she said. “I know the chief financial officer is reviewing this very much currently as a priority area, and there will be changes as a result of that.”

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