Report: Texas records school-high revenue, expenses for 2012-13

Texas' athletic department recorded school highs for revenue and expenses.  (USATSI)
Texas' athletic department recorded school highs for revenue and expenses. (USATSI)

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.

via USA Today:

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.

CBS Sports Writer

Chip Patterson has spent his young career covering college sports from the Old North State. He's been writing and talking about football and basketball for CBS Sports since 2010. You may have heard him... Full Bio

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