UM Regents Briefed on Athletic Budget
At their June 21, 2012 meeting, the University of Michigan board of regents were briefed by UM athletic director Dave Brandon on the athletic department budget. It does not require regental approval.
A surplus of $5.8 million is projected for FY 2013, after allowing for $4.5 million for deferred maintenance. Revenue growth is positive, budgeted for an increase to $130.32 million in FY 2013, he said, compared to anticipated revenues of $128.69 million in the current fiscal year. The largest individual line item comes from ticket sales, which are budgeted at $44.05 million, down from a projected $48.988 million in FY 2012. Brandon noted that the lower ticket sales reflect fewer football games this coming season – six, compared to eight games … [Full Story]