SBD/July 25, 2012/Colleges

UNLV Ends FY With A Surplus, But Faces Budgetary Challenges

The UNLV athletic department ended the FY June 30 “with a budget surplus between $500,000 to $800,000, but athletic director Jim Livengood doesn't expect that money to last,” according to Mark Anderson of the LAS VEGAS REVIEW-JOURNAL. Livengood said, “That is immediately taken up by our fiscal '13 budget.” He added that UNLV's athletic budget, “which is roughly $28.5 million, usually will be difficult to balance.” The school is not "in a power conference, so they don't have enormous TV dollars flowing into the department.” UNLV will receive $1.5M this fiscal year, and the total “could increase if agreements are reached with other outlets to air additional games.” But with The Mtn. network gone, so is $4M "to the conference's coffers, a $500,000 loss to UNLV.” The school is now “investing more resources into the football program, such as a stronger effort in marketing.” Livengood said, "We still have seats to sell, and we still have a lot of room for growth.” Anderson wrote this “helps the bottom line, as would a new football stadium.” Livengood acknowledged that contacts are “being made with state legislators and candidates for those offices to set the stage for a strong push for legislative approval next year.” He added that even if an on-campus stadium is approved and built, UNLV "still expects budgetary challenges” (LAS VEGAS REVIEW-JOURNAL, 7/21).
Return to top

Related Topics:

Colleges

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug