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State board to review athletic revenues, expenditures

Spending, revenue up in fiscal 2011 for UCA.

Posted: October 22, 2012 - 5:00pm

The Arkansas Higher Education Coordinating Board will look at the fiscal 2011 athletic revenues and expenditures of public colleges and universities statewide during a meeting at 4 p.m. Thursday, according to the board’s agenda.

 

The board reviews revenues and expenditures for athletics at each public institution annually and reports the information to the Legislative Joint Auditing Committee by November. The board does not need to vote on the report but will hear about it, spokesman Brandi Hinkle said Monday.

 

During 2011-2012 total athletic expenditure and revenue statewide rose over the previous fiscal year. Revenues were about $124,221,778 in fiscal 2010 but increased to about $134,714,659 this past year, the report shows.

 

At UCA, both spending and revenue also were up for athletics, according to state documents. Total revenue for UCA’s athletics was about $9.4 million, the same amount spent that year, the report shows. UCA spokesman Jeff Pitchford said UCA made a conservative budget, earned more revenue than what it budgeted and spent that revenue.

 

The certified 2011-2012 budget for the department was $8.9 million, so there is about a 6 percent difference, records show.

 

Under state law, athletics expenditures and revenues must balance, Hinkle said. Most UCA revenue, or about 53 percent, came from student athletic fees at nearly $5 million, according to the report. Other auxiliary profits, such as those from housing and meal plans, were $1.5 million, making up about 16 percent of revenue. The athletics department brought in revenue, including from areas like ticket sales, at about $1.6 million, which made up about 17 percent of revenue.

 

About $1.2 million was transferred from the unrestricted Education and General fund, according to documents.

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BuzzBy
17777
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BuzzBy 10/23/12 - 06:56 am
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UCA
Unpublished

Can't buy a FN break if it's not one thing then it's another.

DJB1971
15050
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DJB1971 10/23/12 - 08:53 am
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Maybe...

...UCA could ask Aramark to buy them a break. :-)

gone girl
35
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gone girl 10/23/12 - 08:19 am
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if that ain't the truth...

truer words have never been spoken

i_wonder
27122
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i_wonder 10/23/12 - 09:05 am
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2
UCA
Unpublished

The Washington D.C. of the south.

odoketa
393
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odoketa 10/23/12 - 09:13 am
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not quite

If they were Washington pols, they wouldn't get caught so darned much!

i_wonder
27122
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i_wonder 10/23/12 - 09:38 am
2
1
true
Unpublished

And, this type of thing wouldn't even be news in D.C.

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