Iowa, ISU, UNI athletic budgets report

The Iowa Board of Regents met Wednesday in Vinton and  the athletic department budgets of Iowa, Iowa State and Northern Iowa were on the agenda. Iowa’s revenue projections are budgeted at $70.6 million for fiscal year 2011,  while ISU is $41.6 million and UNI $11.7 million.

 Some highlights:

  * Iowa’s budgeted revenue projections for 2011 are 4.7 percent higher than this year, due to a ticket price increase for football and men’s basketball revenues returning to their original 2010 budget level.

  * Iowa’s athletic conference revenue is expected to increase by $2.2 million, thanks to new bowl contracts with the BCS and Big Ten. There also is a one-time 1 percent equity stock sale of the Big Ten Network to Fox Sports.

  * Iowa State’s budget revenue projections for 2011 are projected to slightly exceed 2010, due to the addition of a seventh home football game and the cost of season tickets going from $350 to $370.

 Here is the complete report from Wednesday’s minutes:

UNIVERSITY OF IOWA

Athletics

The SUI Athletic Department is a self-sustaining auxiliary enterprise and receives no general university support. The University of Iowa’s FY 2011 athletic budget on the following page reflects revenue projections of $70.7 million; 4.7% more than FY 2010 estimates.

Sports income in FY 2011 is expected to increase slightly compared to FY 2010 due to a ticket price increase for football and men’s basketball revenues are projected to return to original FY 2010 budget levels.

Athletic conference revenue is expected to increase $2.2 million due to new bowl contracts with the BCS and the Big Ten Conference, and a one-time 1% equity stock sale of the Big Ten Network to FOX Sports.

Departmental salary costs are budgeted to increase 2% and scholarship expenses totaling $8.6 million reflect a 5% increase when compared to FY 2010.

The increase in facility debt service is due to the additional payments for Carver Hawkeye Arena and the Campus Recreation and Wellness Center.

Additional building and grounds expenses are attributable to Athletics’ responsibility for the new

Campus Recreation and Wellness Center, higher utility costs, and increased building insurance

premiums directly attributable to the flood of 2008.

The Athletic Department purchases services from numerous entities within the University including, Public Safety, UIHC, parking, scholarships, utilities, and residence services. The projected total FY 2011 costs of these services is $17.0 million.

FY 10 Estimates  FY 11 Budget

INCOME:

Men’s Sports

Football $ 19,725,044 $ 19,897,100

Basketball $ 1,875,000 $ 2,301,500

Wrestling $ 4 07,068 $ 4 26,000

All Other $ 31,273 $ 30,000

Total Men’s Sports $ 22,038,385 $ 22,654,600

Women’s Sports

Basketball $ 1 33,992 $ 1 78,500

Volleyball $ 12,921 $ 10,000

All Other $ 13,000 $ 13,000

Total Women’s Sports $ 1 59,913 $ 2 01,500

Other Income

Facility Debt Service/Student Fees $ 5 00,803 $ 5 00,000

Learfield Multi Media Contract Income $ 5,085,086 $ 5,290,000

Athletic Conference $ 19,968,000 $ 22,196,000

Student Financial Aid Set Aside Reimbursement $ 5 45,200 $ 5 45,200

Interest $ 9 00,000 $ 1,000,000

Foundation Support $ 9,292,180 $ 9,228,149

Foundation Premium Seat Revenue $ 4,880,404 $ 5,180,598

Novelties–Bookstore $ 2,000,000 $ 1,768,680

General Income $ 2,150,000 $ 2,125,000

Total Other Income $ 45,321,673 $ 47,833,627

TOTAL INCOME $ 67,519,971 $ 70,689,727

EXPENSES:

Men’s Sports

Football $ 16,198,717 $ 16,143,273

Basketball $ 4,577,833 * $ 4,576,072

Wrestling $ 1,117,711 $ 1,132,858

Other Sports $ 3,809,754 $ 3,793,655

Total Men’s Sports $ 25,704,014 $ 25,645,857

Women’s Sports

Basketball $ 2,600,072 $ 2,902,480

Volleyball $ 9 06,103 $ 1,039,802

Other Sports $ 7,239,108 $ 7,378,263

Total Women’s Sports $ 10,745,284 $ 11,320,546

Other Expenses

Training Services $ 1,518,635 $ 1,594,692

Sports Information $ 6 39,127 $ 6 38,598

Admin. & General Expenses $ 9,432,561 $ 9,689,942

Facility Debt Service $ 9,467,742 $ 11,100,546

Transfer-New Facility Costs/Reserves (Kinnick) $ 7 00,000 $ 1,000,000

Academic & Counseling $ 1,565,094 $ 1,576,130

Buildings & Grounds $ 7,747,515 $ 8,123,418

Total Other Expenses $ 31,070,674 $ 33,723,325

TOTAL OPERATING EXPENSE $ 67,519,971 $ 70,689,727

Source: University of Iowa Athletics

IOWA STATE UNIVERSITY

Athletics

Iowa State University’s FY 2011 athletic budget reflects revenue projections totaling $41.7 million, a slight increase when compared to FY 2010 estimates.

Sports income from ticket sales is projected to slightly exceed FY 2010 estimates primarily due to the addition of a seventh home football game this upcoming season. Football season tickets have been increased from $350 to $375 due to the additional home game.

Fundraising revenue is projected to increase as additional revenue is transferred from ISU Foundation sources to assist in payment of increased scholarship expenses and offset reductions in general university support.

General university support for athletics during FY 2010 was reduced $500,000 during the fiscal year.

University support for FY 2011 is budgeted at slightly less than current FY 2010 estimates. ISU

Athletics plans to continue to reduce dependence on university support over the next several years.

Debt service for FY 2011 will decrease approximately $1.2 million due to early payments being made for the Hilton scoreboard and Jack Trice Stadium improvements.

FY 2011 salaries and related costs are projected to increase approximately $1.4 million from current FY 2010 projections. Athletics realized salary cost reductions in FY 2010 resulting from mandated unpaid days and reductions in retirement plan contributions. FY 2011 salaries will remain level with FY 2010 for all personnel except for merit staff and employees under contract.

The Athletic Department is responsible for paying tuition resulting from awarding scholarships.

Scholarship expenses are projected to increase in FY 2011 since not all available football scholarships were exhausted in FY 2010 due to the coaching change made late in the recruiting period. The University projects scholarship costs to Athletics of approximately $7.0 million.

The Athletic Department purchases services from numerous entities within the University including, tuition and room board from scholarship payments, facilities, University services, and utilities. The projected total FY 2011 costs of these services is $16.7 million.

FY10  Estimates  FY11 Budget

OPERATING REVENUE

Ticket Sales $ 1 1,509,145 $ 11,617,047

Conference & NCAA Revenue 9,709,911 9,826,635

Fundraising 7,490,665 8,144,197

Multi-Media Rights 2,736,000 3,183,000

Post Season 1,674,156 1,400,000

Investment Income 200,324 98,996

Student Fees 1,113,000 1,125,000

University Support 1,613,607 1,600,107

Facility Management Fee 500,000 450,000

Licensing 314,873 315,000

Game Guarantees 1,115,650 1,566,000

Auxiliary Revenue 1,230,146 1,236,538

Hilton Operating Revenue

Other Revenue 1,370,472 1,093,550

TOTAL OPERATING REVENUE 40,577,950 41,656,070

OPERATING EXPENSES

Salaries 14,467,868 15,894,496

Scholarships 5,976,241 7,042,853

Sports Programs – Operations 6,303,638 6,574,357

Sports Programs – Post Season 1,864,852 1,840,000

Sports Program – Support Units 1,371,357 1,387,062

Internal Operations 2,180,167 2,152,221

External Operations 1,024,785 920,232

Facilities & Events 3,933,416 4,232,870

TOTAL OPERATING EXPENSES 37,122,324 40,044,092

NET OPERATING MARGIN 3,455,625 1,611,978

Less: Debt Service (2,823,724) (1,578,707)

Less: Capital Expenditures (240,000) (525,000)

Less: Administrative Fee – –

Less: Coaching Change (368,862) 500,000

Less: Contingency – –

NET MARGIN $ 23,039 $ 8,271

Source: Iowa State University – Department of Athletics

.

UNIVERSITY OF NORTHERN IOWA

Athletics

The University of Northern Iowa’s FY 2011 athletic budget reflects revenue projections totaling

$11.7 million; which is a 1.3% increase when compared to the FY 2010 estimates.

General university funds for athletics provide support for scholarships, operations, and the graduate assistant program. University support in FY 2010 was reduced $190,000 in response to the budget cuts which occurred during the year. General university support for FY 2011 is projected to slightly exceed current FY 2010 estimates.

The athletic department is responsible for paying tuition from awarded scholarships. The total number of budgeted scholarships for FY 2011 remains the same as FY 2010 at a total cost to the athletic department of approximately $3.5 million.

The UNI athletic department purchases services from numerous entities within the University. These include in part, tuition and room/board from scholarship payments, Business Services, Public Safety, marketing, and utilities. The projected total cost of these services in FY 2011 is $4.1 million.

FY2010       FY 2011

Estimates  Proposed

INCOME

Football 1,016,179 1,102,500

Men’s Basketball 1,138,335 1,199,000

Men – All Other Sports 55,766 37,000

Women – All Sports 148,582 112,800

Subtotal – Sports 2,358,862 2,451,300

Other Income

Student Activity Fee 1,212,518 1,212,500

University Support for:

General Athletics Operations 3,155,693 3,266,702

Scholarships 1,283,481 1,283,481

Alumni/Foundation Support 1,196,063 1,290,000

Athletic Marketing 1,050,000 1,066,000

Athletic Conf/NCAA Support 640,000 650,000

Novelties – Outings 337,100 182,000

General 348,973 328,500

Subtotal – Other 9,223,828 9,279,183

TOTAL INCOME 1 1,582,690 11,730,483

EXPENSES

Men’s Sports

Football 2,571,706 2,673,766

Basketball 1,688,956 1,677,101

All Other Men’s Sports 1,026,584 1,013,166

Subtotal – Men’s Sports 5,287,246 5,364,033

Women’s Sports

Basketball 765,778 842,628

Volleyball 662,949 681,941

All Other Women’s Sports 1,989,904 1 ,990,617

Subtotal – Women’s Sports 3,418,631 3,515,186

Other Expenses

Athletic Training 260,216 342,888

Administration & General 2,258,283 2,188,556

Athletic Marketing 284,210 219,820

Contingency 74,104 100,000

Subtotal – Other Expenses 2,876,813 2,851,264

TOTAL EXPENSES 1 1,582,690 11,730,483

Source: University of Northern Iowa Athletics

For the complete report, here’s the link:


Leave a Reply

Your email address will not be published. Required fields are marked *