New President promises athletic spending reforms

“This has been a fairly laissez-faire type of institution where you just kind do what you want to do, … There’s no control, there is no policy. There really is no oversight. People just spend. That’s the inheritance we have here, that’s my inheritance.” … On the university level, Cofer has set up an executive budget committee, an academic affairs budget committee and an administrative budget committee. He has said the budget process will be inclusive and transparent.