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Post Athletic Association with net income around $20 million this year

Tuesday September 26, 2006

This was also in the Banner-Herald on Saturday, but it deserves its own mention.

The athletic association’s revenues were nearly $20 million more than operating expenses in the fiscal year that ended June 30, according to figures released at Friday’s meeting. Income was about $74 million, while operating expenses amounted to about $53.1 million.

Georgia made headlines this summer for having the nation’s “most profitable” athletic department in the 2005 fiscal year. These new data show that the financial health of the program remains strong. Revenue was up yet again, and expenses topped the $50 million mark. Keep in mind that this is just operating income and expenses and doesn’t represent cash flow or assets and liabilities.

FYE June 30, 2006:

  • Revenues: ~$74 million
  • Expenses: $53.1 million
  • Surplus: > $20 million

FYE June 30, 2005:

  • Revenues: $68.8 million
  • Expenses: $44.9 million
  • Surplus: $23.9 million

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