February is typically the month that Idaho athletic departments file their annual reports with the State Board of Education. I always find it interesting to see what trends are developing. Here is a quick summary of what the schools reported. You can find the full reports on the State Board of Education web site:
Idaho State is estimating a "revenue neutral" year in Fiscal Year 2014. They are showing total program revenue up 19 percent, but total expenses are expected to go up the same amount. The expenses are being driven in particular by a huge spike in "direct facilities, maintenance and rental," up almost 300 percent from $243 K last year to $971 K this year. I'm assuming this is related to new facilities coming on line like the outdoor football practice facility.
The top sources of revenue for ISU athletics continue to be: tax dollars (about $3.8 million), student fees ($2 million), game guarantees ($1.25 M), and royalties, advertising and sponsorships ($577 K). Revenues from all tickets sales are projected to be about $229 K, down 4.1 percent, with the biggest drops in womens' soccer (70.7 percent) and women's basketball (19 percent). Revenue from football tickets and men's basketball was projected to increase slightly (5.7 percent for football, 1.7 for men's basketball). The biggest expense are: scholarships ($2.3 M), coaching salaries ($2 M), staff salaries ($1.4 M), and team travel ($1 M).
An interesting note in football: ISU continues to use fewer than the 63 scholarship equivalents allotted. They are estimating 56 scholarships in use in FY 14, down from 58.5 last year. Since 2009, the number of scholarships used by football ranges from 48 in FY 09 to a high of 58.5 last year. I know in recent years ISU had been docked scholarships because of APR sanctions. It would be interesting to know why they aren't fully utilizing scholarships now.
The bottom line is that ISU athletics has $1.5 M in the bank and no debt, but the school's annual contributions ($420 K) mean the school is still extremely limited in what it can do as far as facilities maintenance and construction.
As to our "neighbors," BSU had net income of $1.1 M for the year, which gives it a funding balance of $939 K (which means that at some point, the Broncos had a negative balance). But fear not for BSU: they expect to sell $8.26 M worth of tickets and receive $12.1 M in contributions in FY 14.
The University of Idaho, meanwhile, expects net income of $106 K, and an ending funding balance of $590 K. U of I expects ticket revenues of $717 K and contributions of $3 M. The Vandals also leverage their "D-1" status in football to the tune of $3.17 M in game guarantees.
Idaho State is estimating a "revenue neutral" year in Fiscal Year 2014. They are showing total program revenue up 19 percent, but total expenses are expected to go up the same amount. The expenses are being driven in particular by a huge spike in "direct facilities, maintenance and rental," up almost 300 percent from $243 K last year to $971 K this year. I'm assuming this is related to new facilities coming on line like the outdoor football practice facility.
The top sources of revenue for ISU athletics continue to be: tax dollars (about $3.8 million), student fees ($2 million), game guarantees ($1.25 M), and royalties, advertising and sponsorships ($577 K). Revenues from all tickets sales are projected to be about $229 K, down 4.1 percent, with the biggest drops in womens' soccer (70.7 percent) and women's basketball (19 percent). Revenue from football tickets and men's basketball was projected to increase slightly (5.7 percent for football, 1.7 for men's basketball). The biggest expense are: scholarships ($2.3 M), coaching salaries ($2 M), staff salaries ($1.4 M), and team travel ($1 M).
An interesting note in football: ISU continues to use fewer than the 63 scholarship equivalents allotted. They are estimating 56 scholarships in use in FY 14, down from 58.5 last year. Since 2009, the number of scholarships used by football ranges from 48 in FY 09 to a high of 58.5 last year. I know in recent years ISU had been docked scholarships because of APR sanctions. It would be interesting to know why they aren't fully utilizing scholarships now.
The bottom line is that ISU athletics has $1.5 M in the bank and no debt, but the school's annual contributions ($420 K) mean the school is still extremely limited in what it can do as far as facilities maintenance and construction.
As to our "neighbors," BSU had net income of $1.1 M for the year, which gives it a funding balance of $939 K (which means that at some point, the Broncos had a negative balance). But fear not for BSU: they expect to sell $8.26 M worth of tickets and receive $12.1 M in contributions in FY 14.
The University of Idaho, meanwhile, expects net income of $106 K, and an ending funding balance of $590 K. U of I expects ticket revenues of $717 K and contributions of $3 M. The Vandals also leverage their "D-1" status in football to the tune of $3.17 M in game guarantees.
