2011-12 VT Financial Report

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This is my annual update of the Virginia Tech Athletics financial information for the year ended June 30, 2012.  As noted in past reports, the following standard caveats and comments are made:

  • The 2012 data includes the 2011 football seasons and the 2011/2012 basketball season.
  • There can be various differences between current and prior year numbers within the same school depending on how the school chooses to present its reports.  Contributions reported will not agree to the annual information reports from the athletic fund raising numbers primarily because only the application of those amounts are presented.  If the funds are not expended, they are generally not reported in the NCAA reports.

As in prior years, the information for Virginia Tech and UVA is derived from the published NCAA reports on the Virginia Auditor of Public Accounts (APA) web site Information from the U.S. Government’s Office of Postsecondary Education (OPE) (located at http://ope.ed.gov/athletics/) has been reviewed for Virginia Tech and Virginia in order to determine if there are significant items and comments on those reports that may be useful.  There is generally inconsistent reporting in the government information when compared to the reports on the APA website.  I believe the primary difference between the government information and the APA info is that debt service is not included in the government information.

As in past years, for this report, I have presented the past three years for both Virginia Tech and UVA   In the first presentation the Virginia Tech numbers are presented for the past 3 years and the changes between the 2012 and 2011 years are also reported.

NOTE: Click on the image to enlarge it

You will notice in the prior table that Tech’s football ticket revenues decreased significantly in FY 2012 (2011 football season) primarily because of the payout of $2.3 million from the Boise State game and Tech only playing 6 home games in the 2011 season as opposed to 7 home games in the 2010 season.

Student activity fees applied to athletics increased by approximately 1.5% in 2012 and 11% 2011.  As in the past,