When Steve Patterson arrived in Austin, he quickly learned the Texas athletic department had an insatiable spending problem. The money pours in, but it quickly flows out.

Patterson was criticized for implementing tough spending controls, but the moves worked. According to an audit by Austin accounting firm Maxwell, Locke & Ritter, the Longhorns balanced their budget during the 2014-15 academic year and finished in the black — by a mere $458,367.

http://www.hookem.com/story/texas-athletics-back-in-black-for-2014-15-academic-year/