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Page 17 – FSU Athletics Annual Report






Page 17 – FSU Athletics Annual Report



Statements of Revenues, Expenses and Changes in Net Position



For the Years Ended June 30, 2013 and 2012


2013

2012

OPERATING REVENUES
Ticket revenue
$
20,302,766
$
20,379,815
Conference distribution
18,917,186
16,867,603
Student athletic fees
7,859,734
7,778,862
Sponsorships and advertising
4,800,093
4,326,038
Game guarantee revenue
414,200
1,237,000
Television and radio
355,000
379,166
Conference reimbursement
667,869
511,173
NCAA reimbursements
229,647
214,761
Postage and handling
253,232
301,158
Other
255,928
668,574

Total Operating Revenues

54,055,655

52,664,150

OPERATING EXPENSES
Salaries and benefits
17,041,259
17,391,256
Other personnel services
1,369,890
1,232,254
Computing services
757,339
918,335
Contractual services
4,513,272
4,061,442
Building and grounds
1,325,575
1,305,381
Furniture and equipment
344,833
1,309,791
Game guarantee expense
1,957,775
2,613,599
Office supplies and postage
578,634
492,738
Other expenses
1,716,595
2,093,742
Player supplies
3,351,341
3,031,373
Printing
331,624
271,040
Travel
7,399,621
6,712,506
Telephone
433,553
371,149
Utilities
1,196,212
1,323,185
Scholarships
9,498,834
9,075,221
University overhead assessment
1,173,484
1,007,853
Facilities rent paid to FSU Financial Assistance, Inc.
1,850,000
1,850,000
Insurance
273,248
268,773
Marching Chiefs
224,850
256,550
Ticket sales expense
4,233,446
2,764,482
Depreciation
250,478
271,202

Total Operating Expenses

59,821,863

58,621,872

Operating Loss

(5,766,208)

(5,957,722)

NONOPERATING REVENUES (Expenses)
Contribution – Seminole Booster transfer
7,000,000
8,260,295
Contribution – Seminole Booster University transfer
1,000,000
1,000,000
Interest income
138,155
159,378
Transfer to University
(1,000,000)
(1,000,000)
Transfer to other departments within University
(1,073,138)
(2,396,957)

Total Nonoperating Revenues (Expenses)
6,065,017
6,022,716

Increase in Net Position
298,809
64,994

Net Position,
beginning of year
8,780,030
8,715,036

Net Position,
end of year

$

9,078,839

$

8,780,030

The accompanying notes to financial statements are an integral part of these statements.

Financial Statements June 30, 2013 & 2012 /


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18,19,20,21,22,23,24,25,26,27,…44



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