The Wolverine

September 2017

The Wolverine: Covering University of Michigan Football and Sports

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surplus of $2 million for 2017-18. The present-year numbers spring from re- ported operating revenues of $174.4 million, with expenses of $172 million. Those numbers are projected to jump in fiscal year 2018 to $182.4 mil- lion in operating revenues and $180.4 million in anticipated expenditures. As of the beginning of August, Man- uel saw no substantive change in the numbers. "As you wrap up the end of the year, you're projecting based on es- timates of what's left to cover, but there's nothing of significance there," he said. "It's the same thing when you look at next year's budget — you're looking at projections of expected rev- enues and expenses. "There's nothing of significance that would cause me to change those num- bers that I presented to the Regents." Those numbers remain in the black, a situation any business looks to maintain. The fact that the finances also assist with the education of a host of student-athletes gives even more weight to financial oversight, Manuel noted. Michigan athletics is looking to both pay the bills and invest in those involved, he stressed. "We always look to balance the budget," the U-M AD offered. "If there is some surplus that we can put into reserves and have a rainy day fund, we do it. We're working to make sure that our budgets are balanced, based on needed expenses and things we're spending money to support — 900 student-athletes, 31 programs, staff and all the things we need to do within the university and the Big Ten Conference." Actual football revenues are pro- jected to go down this year, but not due to any decline in interest. Michi- gan has six home games this season, compared to eight in 2016. U-M has sold 93,000 football season tickets for 2017, and will receive a $5.8-million payout from participating in the Sept. 2 contest against Florida in AT&T Sta- dium in Arlington, Texas. Admissions cash from football rose from $43 million in 2015-16 to $48.99 million in 2016-17. The number for home admissions revenue is expected to drop to $40.1 million in the coming year, due to the reduced number of games. One huge boost for the coming year arrives in the form of $51.1 million SEPTEMBER 2017 THE WOLVERINE 19

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