From page 3 (expenses)
34 Athletic facilities debt service, leases and rental fees - 45,427 (mens basketball) - - 3,669,935 ("non-program-specific") - 3,715,362 (total)
Attachment A (Expense Procedures)
Athletic Facility Debt Service, Leases and Rental Fees
30. Obtain a listing of debt service schedules, lease payments and rental fees for athletics facilities for the reporting year. Compare a sample of 5 facility payments including the top two highest facility payments and an additional 3 haphazardly selected payments to additional supporting documentation (e.g. debt financing agreements, leases, rental agreements).
Results: We were informed by management that all payments transferred from the athletics fund to the general fund were related to debt service. They are not paid directly to the lender. The transfer amounts were agreed to the allocated debt service schedule, which was approved by the Board of Trustees.