Tuesday, April 26, 2016

FAMU trending up among MEAC budgets

TALLAHASSEE, Florida -- Florida A&M’s athletic department is still looking for solutions to a mountain of cash-related issues.

Still, in 2015, among MEAC schools, the department was trending in the right direction.

According to USA Today’s annual analysis of NCAA finances, the Rattlers were third in the Mid-Eastern Athletic Conference in both total revenue ($12,376,884) and total expenses ($12,351,742). FAMU’s total reported revenue was actually down when compared to 2014, however the department saw decreases in student fees and school funds.

New Athletic Director Milton Overton Jr., who worked as a senior AD at Alabama during the 2014-15 fiscal year and didn’t officially start at FAMU until Aug. 3, said he looked at trends in the recently-released report.

Overton said the most encouraging number in the report was the percent of the athletic department subsidized by the university. FAMU’s athletic department received $8,574,513 in school funds and student fees for 2014-15, 69 percent of the revenue reported for the department.


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