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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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