Time will tell whether the UNM Athletics Department has turned its fiscal ship around sufficiently to stay off the auditor radar and head toward calmer seas.
But it certainly appears it is steering in a better direction than two years ago when it was bleeding red ink year after year and was targeted in a devastating report from then-N.M. Auditor Tim Keller that cited “tangled” financial and operational relationships among UNM, the UNM Foundation and the Lobo Club. The arrangement allowed improper mixing of public and private money and permitted violations of the state’s anti-donation clause.
The audit also led to an investigation by Attorney General Hector Balderas, whose office charged former AD Paul Krebs with five felony counts related to the now infamous Scotland golfing trip and the alleged subsequent coverup in which Krebs allegedly tried to conceal a $25,000 donation he made in an apparent attempt to quiet criticism. The criminal case against Krebs, who has denied wrongdoing, is pending, and no preliminary hearing date has been set.
Eddie Nuñez, who was named AD in August 2017, said at the time the final audit was released three months later that UNM already was in the process of addressing the audit findings. He said last week the audit findings in the 58-page report have been addressed.