Manuel presents fiscal year projections, highlights athletic achievements

Tuesday, July 2, 2019 - 8:35pm

Athletic director Warde Manuel met with the Board of Regents on June 20 to discuss the fiscal year budget.

Athletic director Warde Manuel met with the Board of Regents on June 20 to discuss the fiscal year budget. Buy this photo
Alec Cohen/Daily

The University announced its projected budget for the athletic department at the end of June. It projects a balanced budget for the 2020 fiscal year — which began July 1 — after finishing with a $1 million surplus in the 2019 fiscal year.

Last year’s surplus is a result of $190.7 million in operating revenues against $189.7 million in operating expenses. The projection for fiscal year 2020 is based on $196.3 million in revenues and expenses.

The 2019 operating surplus of $1 million fell short of its budgeted amount of $2.5 million. The discrepancy is due to “higher-than budgeted transfers to the deferred maintenance fund,” according to a release from associate athletic director Kurt Svoboda.

In his presentation to the Board of Regents on June 20, athletic director Warde Manuel shared several projections for the new fiscal year. Among them are a $3.1 million increase in spectator admissions revenues, an increase of $2.8 million in conference distributions due to an increase in conference television revenues and an increase in salaries, wages and benefits by $2.9 million.

Along with information regarding the fiscal year budget, Manuel highlighted achievements by the athletic department, on and off the field. Included was a record 372 student-athletes named Academic All-Big Ten Conference.  Seniors Siobhán Haughey from the women’s swimming and diving team and Robbie Mertz from the Michigan soccer team were recipients of the Big Ten Medal of Honor. The Wolverines also had 47 student-athletes earn All-Big Ten first team honors and 10 athletes earn first-team All-America honors.

From a departmental standpoint, Michigan received eight NCAA Public Recognition Awards — a result of ranking among the top-10 percent in the Academic Progress Rate report. It also finished in the top 10 in the Directors’ Cup standings in 13 sports. The Directors’ Cup is an award given by the National Association of Collegiate Directors of Athletics, based on points allocated for teams’ results in various NCAA-sponsored championships.