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.