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Michigan Athletics Presents Fiscal 2016 Budget to Regents
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Michigan Athletics Presents Fiscal 2016 Budget to Regents
http://www.mgoblue.com/genrel/061815aaa.html

Highlights of the projected 2015-16 operating budget are as follows:


•Football season ticket prices remain unchanged for the public for a second year
•Student football season ticket prices will be reduced by 37.5 percent in addition to offering need-based discounts based on federal Pell Grant eligibility in football, men's basketball and ice hockey.
•Similar to fiscal year 2015, the FY16 budget reflects a seven-game home football schedule.
•Budgeted conference distributions are projected to increase to $34.7M from $32.0M budgeted in FY15.
•Premium seating areas are sold out at Crisler Center and nearly sold out at Michigan Stadium.
•Facility revenues decreased year-over-year because of no planned special event rentals in FY16.
•Total operating expenses budgeted for FY16 increase by 0.4 percent from the projected actual operating expenses in FY15.
•The athletic department will make a $5 million transfer to a deferred maintenance fund compared to $5 million in FY15 and $4.75 million in FY14. The deferred maintenance fund is used as a means to provide for major repair and rehabilitation projects for athletic facilities. The athletic department expects to set aside additional funds in future years for this purpose.
06-18-2015 10:01 PM
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