Post by Trojan Warrior on Mar 9, 2014 17:38:52 GMT -6
The UAB athletics department received $1.4 million less in institutional support during the 2013 fiscal year, resulting in a rare decrease of total subsidies directed to Blazers sports even as student fees climbed.
UAB received $18.1 million in total subsidies for sports in 2013, down from $18.7 million a year earlier, according to the athletics department's latest NCAA financial report. This marked the first time subsidies have decreased during the eight years AL.com/The Birmingham News has charted the university's athletics finances.
"Income from away game guarantees was higher than normal in 2012 due to games against both South Carolina and Ohio State," UAB Athletics Director Brian Mackin said in a statement provided by the university. "Funds allotted to the athletic department from student fees were also higher than in past years; our student population continues to grow. As such, less institutional funding was needed to meet planned budget requirements."
UAB received $1.75 million in football guarantee games for the 2012 season, which was $650,000 more than in 2011.
Athletic revenue from student fees increased 18 percent to nearly $5 million, the largest jump since 2008. Money generated from student fees has increased 86 percent since 2006 while the number of students has gone up at a slower rate.
UAB had 8,203 undergraduates in 2013, up from 8,074 a year earlier. According to past NCAA financial reports, UAB had 11,284 undergraduates in 2006 and has increased enrollment by 10 percent since 2009. UAB's overall enrollment this year is 18,568 and student fees don't come only from undergraduates, a university spokesman said.
UAB's subsidies accounted for 64 percent of its 2013 athletic revenue, down 3 percent from a year earlier and its lowest since 2010. The rate of subsidizing UAB sports had increased 13 percent from 2006 to 2012.
UAB is hardly alone in subsidizing athletics at a high rate. In 2012, South Alabama, Alabama State, Jacksonville State and Troy joined UAB in heavily exceeding the national average for athletic subsidies. (The 2013 national figures are not available yet.) (Full Article)
UAB received $18.1 million in total subsidies for sports in 2013, down from $18.7 million a year earlier, according to the athletics department's latest NCAA financial report. This marked the first time subsidies have decreased during the eight years AL.com/The Birmingham News has charted the university's athletics finances.
"Income from away game guarantees was higher than normal in 2012 due to games against both South Carolina and Ohio State," UAB Athletics Director Brian Mackin said in a statement provided by the university. "Funds allotted to the athletic department from student fees were also higher than in past years; our student population continues to grow. As such, less institutional funding was needed to meet planned budget requirements."
UAB received $1.75 million in football guarantee games for the 2012 season, which was $650,000 more than in 2011.
Athletic revenue from student fees increased 18 percent to nearly $5 million, the largest jump since 2008. Money generated from student fees has increased 86 percent since 2006 while the number of students has gone up at a slower rate.
UAB had 8,203 undergraduates in 2013, up from 8,074 a year earlier. According to past NCAA financial reports, UAB had 11,284 undergraduates in 2006 and has increased enrollment by 10 percent since 2009. UAB's overall enrollment this year is 18,568 and student fees don't come only from undergraduates, a university spokesman said.
UAB's subsidies accounted for 64 percent of its 2013 athletic revenue, down 3 percent from a year earlier and its lowest since 2010. The rate of subsidizing UAB sports had increased 13 percent from 2006 to 2012.
UAB is hardly alone in subsidizing athletics at a high rate. In 2012, South Alabama, Alabama State, Jacksonville State and Troy joined UAB in heavily exceeding the national average for athletic subsidies. (The 2013 national figures are not available yet.) (Full Article)