Budget and Finance

The multi-year Fiscal Operating Plan projects further deficit reduction in FY 09 and a

break-even operation in FY 10.

Fifth Third Arena at the Myrl H. Shoemaker Center

Operations for FY 08 project a deficit operation, primarily due to the increased costs of

utilities and maintenance of an aging facility. Further, opportunities for generating

revenues from rental of the facility continue to decline as internal use demands from

athletic teams and from the University increase. Debt service charges for this facility

will significantly decline in FY 09, and that should restore operations to a break even

situation.