I think part of what it comes down to is the staff wants to get paid, keep their nice building and have a place to play. They, therefore, tell the EC about how great things are and everything stays as it is. The EC doesn't want to have to double check any of the info so they don't question anything. Assuming everything is "coming up roses", the EC thinks they can spend money on their pet projects. The problem is no one checks the books to see how much actual funding they have so they just keep trying to spend funds that aren't being replaced.
I know, this is "revisionist thinking" but it may also be part of the problem. To illustrate my point, here's a little project for those who love history . Check out any text book that is presently being used in US or World History classes in the US. For that matter, you could also read "Incredible Victory" or "Miracle and Midway". After reading them, read "Shattered Sword" by Jonathan Parshall. When you compare the two "histories", it's readily apparent that someplace the narratives seriously diverge. As implausible as this sounds, it was all due to the work of one person, trying to make himself sound like he was more involved and important than he actually was. This could be what's actually happening at "Taj Muncie"