Financial Report: UNC Athletics Made Ends Meet in 2020-21 Posted Feb 18, 2022 The UNC athletic department navigated the impact of COVID-19 during the 2020-21 fiscal year with cost-cutting measures and a substantial increase in contributions. Those efforts resulted in a $50,432 budget deficit, according to the university’s annual financial report to the NCAA. Operating expenses outpaced total revenue for the third straight year. (Inside Carolina)