“It’s all Good, Legislature” – Positive Pressers always make the NSHE Financial Mess invisible

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The Board of Regents of the University of Nevada, also known as the clown posse dedicated to crushing UNLV is currently led by Ringmaster Thom Reilly. You may remember him as the guy who drove former UNLV President Len Jessup out of town because Jessup was raising too much money for the new UNLV Medical School.

Having driven all major donors to the UNLV Medical School away, Reilly – in an all too pathetic and ill-conceived effort to save face, is now forcing UNLV to proceed on building a $50 million medical library in lieu of a substantive plan for the entire UNLV Medical School complex. This transparent effort to show some “activity” by the always disingenuous Board of Regents fails to address the gaping chasm Reilly created between UNLV’s generous donors and the medical school. The legislature and the net governor will have to step in and stop this trainwreck.

Reilly is also a guy who things the University of Nevada, Reno is above and beyond the least bit of scrutiny from his 13 elves on the Board of Regents.

UNR, despite evidence of millions of dollars of Medicare fraud by the UNR Medical School (when it “operated” here in Southern Nevada), does not to have to answer these charges in public. UNR, whose athletic program continues to bleed money is allowed consistent cost overruns on facilities projects.

UNR recently reported a $214,000 operating budget deficit for fiscal year 2018, however the overall deficit was $900,000 when including three “one-time accounting inconsistencies.” 

“Accounting inconsistencies” at UNR – nothing for the Board of Regents to concern themselves with at all.

These “accounting inconsistencies” included that fact that UNR “added $175,000 more than expected to its debt obligation that dates to the 2016 renovation of Mackay Stadium. Finally, the Wolf Pack and the university had different interpretations on the annual debt payment as part of a five-year plan to pay off the new scoreboards at Mackay Stadium and Lawlor Events Center, which led to a $300,000 difference.

The UNR athletic department and the UNR administration had “different interpretations” as to debt payments.

Oops. Well do not let that happen again, okay?

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103 Replies to ““It’s all Good, Legislature” – Positive Pressers always make the NSHE Financial Mess invisible”

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