Report: Texas records school-high revenue, expenses for 2012-13
Texas' athletic department recorded new school highs for revenue and expenses, according to a USA Today report.
The University of Texas recorded school-high figures for operating revenue and operating expenses in 2012-13, according to a report from USA Today and Indiana University's National Sports Journalism Center.
According to the school's financial report to the NCAA, Texas recorded $165.7 million in revenue and $146.8 million in expenses -- both school records, and a $2.4 million increase in revenue and an $8.5 million increase in expenses from the previous year.
But while records were set, the report indicates that the increase was Texas' smallest in nearly a decade.
The year-over-year revenue increase is the smallest that Texas has reported during the nearly 10 years for which USA TODAY Sports has compiled these data for all NCAA Division I public schools. The data set begins with the figures schools reported for the 2004-05 fiscal year. The smallest increase Texas previously had reported during this period was a $5.1 million jump from 2008-09 to 2009-10.
Nevertheless, Texas' financial might remained on display in 2012-13. Its operating expense total in all likelihood will represent another record for NCAA public schools. Through the 2011-12, Texas had recorded the four highest annual operating expense totals and three of the four highest annual operating revenue totals.
In 2012-13, contributions to Texas' athletics program declined by about $3.3 million to $37.4 million, according to the school's reports. That is just the second year-over-year decrease in contributions Texas has had during the period covered by USA TODAY Sports' data set – and it greatly exceeds the $180,000 decline that occurred 2008-09 to 2009-10.
USA Today was sure to point out that Texas is still operating in a league of its own when it comes to athletic department financials. The Longhorns recorded $37.4 million in contributions, a decrease from the previous year. However, that total ($37.4 million) is still greater than the total operating revenue of most Division I public schools.
Big-time college athletics' financials can be tough to understand, so I'll sum it up with a GIF. It's basically business as usual in Austin.
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