- What is the budget for the FAMU Department of Athletics?
The budget for Athletics is $10 million for fiscal year 2018-2019.
- What funds can be used to support Athletics?
Funds generated by the FAMU Foundation, FAMU National Alumni Association, FAMU Boosters and other affiliated groups are considered allowable sources to support Athletics. In addition, advertising sales as well as corporate sponsorships are extremely useful in generating much needed revenue for the program.
- What are examples of revenue generated by the Athletic Program?
Athletic program revenue (without limitation) includes student fees, football gate receipts, game guarantees, concession sales, program sales, football season tickets, advertising sales, royalty payments, NCAA distributions, basketball receipts, Investing in Champions campaign, Bowl games, tournaments, Florida Classic, MEAC distributions, parking, vending, the Tag Bragg Campaign and Foundation support.
- Why can't University funds, such as auxiliary funds, be used to support Athletics as done in previous years? What is considered an auxiliary within the University?
Pursuant to Board of Governors Regulation 9.013(3), Athletics must be a self-supporting entity. Although Athletics is an auxiliary, funding from other Auxiliary services cannot be used to support Athletics. They furnish goods and services to the campus community. These activities shall support educational endeavors and not detract from these endeavors financially or otherwise. All auxiliaries can only spend up to the amount that each generates in revenue. Examples of auxiliaries include housing, parking services and the copy center.
- Why is there a required payment from Athletics to the auxiliaries, and what do the payment arrangements entail?
As a result of the finding by the State Auditor General’s Office, Athletics is required to repay the auxiliaries for the funds used to balance the Athletic budget. The amount of the repayment from Athletics to the auxiliaries is currently $8 million. The original term was a 12-year repayment plan. The first three years of payments were paid by the FAMU Foundation on behalf of Athletics. However, the first payment to be paid from Athletics will occur during fiscal year 2019-2020.
- What internal and/or external oversight is provided regarding the Athletics Program?
President Robinson formed the Athletics Taskforce to provide additional internal controls/oversight. The Taskforce provides assistance and oversight in the areas of budgeting, personnel, event planning, contract review, compliance, fundraising and internal controls.
In addition, the Board of Trustees established an Athletics Committee within the structure of the Board. The Athletics Committee is chaired by the chair of the Board of Trustees. Progress within the Athletic Program is shared with the Board via this committee.
Athletic funds are audited by a third party, James Moore, CPA.The University is required to report progress to the Board of Governors monthly. The meetings are held via conference call and include the President, Chair of the Board of Trustees, Board of Governors’ Liaison, State Inspector General, Athletic Director, DeputyAthletic Director, Vice President for Finance and Administration, Vice President for Advancement, Assistant Vice President/Controller, Director of Budgets, Vice President for Audit and the Compliance Officer. Information shared includes progress on the budget as well as plans to move the program forward.
- Who are the members of the Athletics Taskforce?
Members of the taskforce include the Athletic Director, Associate Athletic Directors, Athletic Business Manager, Vice President for Advancement, University Compliance Officer, Vice President for Audit, Vice President for Finance and Administration/Chief Financial Officer, Vice President for Strategic Planning, Analysis and Institutional Effectiveness, Assistant Vice President/Controller, Director of Budgets, Assistant Vice President for Fiscal Management, Associate Controller, the Associate Vice President for Finance and Administration and Division of Legal Affairs/Risk Management.
- What is the total amount of the expense budget?
The budgeted expense amount is $10 million for fiscal year 2018-19. The amount of the budget is based on the amount of projected revenue. The budgeted expenses for the program must be aligned with the budgeted revenue. Athletics is only allowed to expend the amount of revenue that is projected to be generated.
9. What were ticket sales for the fall 2018 football season?
Football Single Game Tickets $ 547,008
Football Season Tickets $ 265,534
Florida Classic $ 454,393
- Is Athletics involved in the budget development process?
During the development of the fiscal year 2018-19 budget, each coach submitted a budget for their sport. These budgets were reviewed by the Athletic Sports Administrators, Athletic Business Manager, the University’s Budget Officer and the Athletic Director. Upon compilation of the overall budget, all parties were privy to the information included in the final draft. The draft Athletics budget was presented to the Athletics Taskforce for review and feedback. The final budget was presented to the University’s Budget Council by the Athletic Director.
- How can the Athletic Program achieve financial stability that is sustainable?
The Athletic Program is required to be self-supporting. The continuous focus is identifying additional fundraising strategies needed to support and sustain the program.
In fact, many collegiate athletic programs do not operate in the black.
Achieving financial stability will include increasing revenues and decreasing expenses. For the past two years, the program cut expenses dramatically in an effort to not exceed the budgeted revenues. The program must seize on the opportunity to generate additional revenue via an increase in ticket sales, advertising sales, corporate sponsorships and friends and alumni giving.
- Are there workshops or information sessions on the budget offered to coaches?
Members of the Athletics Taskforce provide periodic training to coaches and administrators within Athletics. Examples of workshop topics include budgets, compliance and fundraising. The most recent session with coaches was held in January 2019.
- Does Athletics expect to balance the budget for fiscal year 2018-2019?
Due to a possible shortage of revenues and unexpected expenses, there is an anticipated budget gap of $400,000 for fiscal year 2018-2019. As a result, the athletic director and vice president for University Advancement are developing additional fundraising strategies to identify and generate revenue needed to address the potential budget gap.
- What are the various methods for supporting Athletics?
Support for Athletics can be made via monetary donations, purchasing an Investing in Champions package, participating in Tag Bragg, attending an athletic event, purchasing Florida A&M University Athletic apparel and other items licensed by the Collegiate Licensing Company, purchasing an athletic advertisement or sponsorship, joining and/or supporting the Boosters or initiating a contribution through the National Alumni Association.
- How can I assist in moving the Athletic Program forward?
Alumni, friends/supporters, as well as corporate sponsorships may use the link below to contribute to the Athletic Program via the University’s website: https://my.famu.edu/give
Please contact the University Foundation at firstname.lastname@example.org you have questions.
- What physical location can I mail or drop off my contribution to Athletics?
Please mail or drop off your donation to the address below.
The FAMU Foundation
625 E. Tennessee St, Suite 100
Tallahassee, FL 32308-4933