JACKSONVILLE, Fla. -- City leaders are trying to explain how more than $700,000 was lost hosting the Navy-Marine Corps Classic basketball game.
The college matchup between Florida and Georgetown aboard a Navy ship last November was anything but a slam dunk.
Wet weather cut play short and, according to the City of Jacksonville, it also dried up the potential for profit.
Action News obtained a report from the Jacksonville's Sports and Entertainment office. It states revenues for the game were below the plan by $784,754.
"We were surprised to see that it missed the mark by that much," said City Council auditor Kirk Sherman.
Sherman crunched the numbers with Action News. He says the account that funds Jacksonville sporting events is now nearly depleted.
"In essence, the city has depleted a one-time account," said Sherman. "So I don't know how they would replenish it, especially on a short-time basis."
The man behind the big game is Sports and Entertainment Executive Director, Alan Verlander.
Action News Ryan Smith went to his office to get answers, but was told he wasn't available.
Action News did get Verlander's letter to the city auditor explaining the financial flop. According to the letter, Verlander anticipated an 8,000 seat venue on a nuclear aircraft carrier but instead had to settle for the USS Bataan, a much smaller ship with just 3,500 seats.
The hardships on the hardwood do not end there.
Sherman tells Action News Verlander's office violated city procurement policies on six different purchases. In other words, no formal purchase orders were filed for things like merchandise, food and beverages.
Also uncovered in the letter, some vendors say they still haven't been paid five months after the event.
"Most of these people are small business folks," said Jacksonville City Councilman Richard Clark. "They rely on the good faith that the city is going to pay its bills and the idea that you didn't want to pay it simply because you didn't run your bank account too low is simply unacceptable."