I am sure that most of you received the same e-mail I did with the Athletic Department budget for 2015. First, I am pleasantly surprised that this information was shared. Second, it does generate some questions. It looks like the monies received from the Pac 12 affiliation will total about $26 million. I cannot remember, but is this a 100% share and is it what was anticipated? Second, I am surprised that student fees are so significant. Students receive free admission to athletic events for the fees they pay, but the number of seats they receive at football and men's basketball are significantly fewer than the percentage of contribution when compared to the total paid for tickets and Crimson Club. By my calculations, they provide almost 25% of the revenue but receive significantly fewer seats. Third, I am happy to see that they are funding a reserve and I guess in doing so the Athletic Department operates in the black. Thoughts?
Consolidated Budget Fiscal Year 2015
Revenues Total % of Total Football Tickets $8,800,000 14.25% Men's Basketball Tickets $1,850,000 2.99% Gymnastics Tickets $375,000 0.61% Other Sports Tickets $54,000 0.09% Direct University Funding $1,766,989 2.86% Crimson Club Athletic Fund $7,540,000 12.21% Facility Gifts $2,500,000 4.05% Utah Sports Properties / Sponsors $2,679,824 4.34% National TV $18,084,500 29.28% Pac-12 Network $1,000,00 1.62% Pac-12/NCAA $6,865,958 11.12% Student Fees $6,100,140 9.88% Suites $700,000 1.13% Cafeteria Sales/Concessions share $1,006,000 1.63% Merchandise/Licensing share $632,823 0.94% Game Guarantees $632,823 0.94% Other Revenue $692,000 1.12% TOTAL: $ 61,771,234 100.00% Expenses Total % of Total Sports Operating Budgets (Includes travel, recruiting, equipment & compensation) $21,647,865 35.05% Scholarships (Includes housing, meals, tuition, books) $8,352,213 35.05% Student Athlete Support (Athletic Training, Strength, Academic Services, Nutrition) $3,345,365 5.42% Medical Costs $930,000 1.51% Rental Fees (Rice-Eccles Stadium / Huntsman Center) $1,591,500 2.58% Fan Experience (Marketing, Development, Suites and Ticketing) $3,874,586 6.27% Support Services (IT, Compliance, Equip. Room) $1,300,412 2.11% Cafeteria Operations $1,420,000 2.30% Media / Communications $1,520,814 2.46% Spirit (Band/Cheer) $307,291 0.50% Administration $3,395,128 5.50% Game Operations $3,179,339 5.15% Debt Service / Facility Ops / Capital Projects $6,151,675 9.96% Pac-12 Expenses $3,117,173 5.05% Repair & Replace $500,000 0.81% Strategic Reserves $1,110,871 1.80% Other Expenses $27,000 0.04% TOTAL: $61,771,234 100.00%