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 Front Cover
 Table of Contents
 Introduction
 Revenue & expenditure summary
 Budget philosophy
 2007-2008 budget process
 Revenue
 Expenditures
 Future trends & projections
 Exhibits






Group Title: Operating budget executive summary. University Athletic Association, Inc.
Title: Operating budget executive summary. University Athletic Association, Inc. 2007-2008.
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Title: Operating budget executive summary. University Athletic Association, Inc. 2007-2008.
Series Title: Operating budget executive summary. University Athletic Association, Inc.
Physical Description: Serial
Language: English
Creator: University Athletic Association, Inc.
Publisher: University Athletic Association, Inc.
Publication Date: 2007-2008
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Table of Contents
    Front Cover
        Front Cover
    Table of Contents
        Table of Contents
    Introduction
        Page 1
    Revenue & expenditure summary
        Page 2
    Budget philosophy
        Page 3
    2007-2008 budget process
        Page 4
    Revenue
        Page 5
        Page 6
    Expenditures
        Page 7
        Page 8
    Future trends & projections
        Page 9
        Page 10
    Exhibits
        Page 11
        Licensing revenues
            Page 12
        Budgeted revenues and expenses
            Page 13
            Page 14
            Page 15
            Page 16
        Estimated revenue -- 2006-2007
            Page 17
            Page 18
            Page 19
            Page 20
            Page 21
            Page 22
            Page 23
        History football revenue & ticket related contributions
            Page 24
        History basketball revenue & ticket related contributions
            Page 25
        Actual contributions to UF 1988-2006
            Page 26
        Facilities & improvements 1982-2006
            Page 27
        Amortization schedule for 1990, 2001 & 2005 bonds
            Page 28
Full Text
















EXECUTIVE SUMMARY


UNIVERSITY ATHLETIC
ASSOCIATION, INC.

(yU UNIVERSITY OF
0 FLORIDA









UNIVERSITY OF FLORIDA ATHLETIC ASSOCIATION, INC.

EXECUTIVE SUMMARY


Table of Contents



In tro d u ctio n .................................................. 1
Revenue & Expenditure Summary ............... .............. ........................... 2
Budget Philosophy ................... ............................ 3
2007-2008 Budget Process.. ... .... .................... ............... 4
Revenue ............................... ............... 5
Expenditures ..................... ......... .................. 7
Future Trends & Projections........................ .... ............................ 9


List of Exhibits


Exhibit A
Exhibit B
Exhibit B-1
Exhibit B-2
Exhibit B-3
Exhibit C
Exhibit C-1
Exhibit C-2
Exhibit C-3
Exhibit C-4
Exhibit C-5
Exhibit D
Exhibit E
Exhibit F
Exhibit G
Exhibit H


Licensing Revenues
Budgeted Revenues and Expenses
Budgeted Revenue Changes
Net Revenue Contribution to Cover Operations
Operating and Nonoperating Revenue Budget
Estimated Revenue 2006-2007
Budgeted Expense Changes
Estimated Expenses
Operating Expense Budget-General, Men's and Combined
Operating Expense Budget-Women's
Nonoperating Expenses and Budgeted Capital Items
History Football Revenue & Ticket Related Contributions
History Basketball Revenue & Ticket Related Contributions
Actual Contributions to UF 1988-2006
Facilities & Improvements 1982-2006
Amortization Schedule for 1990, 2001 & 2005 Bonds















UNIVERSITY OF FLORIDA ATHLETIC ASSOCIATION, INC.


2007-2008 Fiscal Year Budget


In order to assist with the review of the 2007-2008 UAA budget, we have
prepared this "Executive Summary". The summary will focus on three areas:

1. Budget Philosophy

2. An Overview of the 2007-2008 Budget

3. Future Trends and Projections

The Athletic Association continues to be in very good condition financially, as we
are blessed with very supportive fans and an extremely successful Gator Booster
organization. The continued financial strength of this program is vital to our
future success.







UNIVERSITY ATHLETIC ASSOCIATION
2007-2008 Budget Request
Revenue and Expenditure Summary

2006-2007 2006-2007
Original Projected 2007-2008 % Increase
Account Budget Actual Request (Dec)

Revenue:
Operating 62,801,053 71,941,457 70,169,321 11.73%
Nonoperating and Other 6,654,492 9,983,423 7,545,557 13.39%

Total Revenue 69,455,545 81,924,880 77,714,878 11.89%

Expenditures:
Operating General, Men's & Combine 53,331,265 55,941,228 60,225,108 12.93%
Operating Women's 6,993,148 7,116,323 7,366,431 5.34%
Nonoperating and Budgeted
Capital Items 7,708,720 23,724,824 9,018,295 16.99%

Total Expenditures 68,033,133 86,782,374 76,609,834 12.61%

Excess of Revenue over
Expenditures 1,422,412 (4,857,494) 1,105,044 (22.31%)
Future Women's Sport Reserve (1,283,100) (1,283,100) (1,000,000) (22.06%)
Debt Service Reserve (1,700,000)
Finance Committee Appropriations:
SW Stadium Renovation Project (1/29) 10,300,000
Appropriations from prior fiscal year
carried forward to the current year 5,810,742


Excess Restated to Original Budget 139,312 8,270,148 105,044 (24.60%)











BUDGET PHILOSOPHY


Our budget philosophy is fairly simple: we want to provide a budget that allows
our coaches and student-athletes the opportunity for success at the highest level.
We also want to provide to our fans a first-class, quality experience when they
attend our events. As we strive to balance this budget, we focus primarily on the
needs of our student-athletes in their academic pursuits, the needs of our
coaches and our teams in order to succeed athletically and the desire to build
and maintain some of the nation's finest facilities.

In addition, we truly believe that each student-athlete and each coach at the
University of Florida should have equal opportunity for athletic and academic
success. They all desire the same opportunity for a first-class experience. We
also recognize our responsibility to this University to run our operation in an
efficient manner that uses sound business practices and an ethical decision
making process.









2007-2008 BUDGET PROCESS


In January, budget work papers are forwarded to all head coaches and
department heads. At the same time our information technology department
requests information for new IT needs, the purchasing department requests
information for permanent equipment needs, our facilities department gathers
information on capital improvement and major maintenance projects, and our
human resources department asks for requests for new positions. In an effort to
contain costs this year, we continue to utilize the concept of a static budget for
certain expense accounts. We asked coaches and staff to justify necessary
changes to these accounts if the funds needed were different from the 2006-
2007 budget year.

All of this information is subsequently returned to the controller's office by the end
of February. At this point, a draft budget is complied by the associate controller.
The draft budget includes all requests from staff as submitted. Then, several
meetings are held internally to prioritize all requests, and to make the necessary
adjustments to insure a balanced budget. The athletic director, associate athletic
directors and the controller's office were all heavily involved in this process. The
controller, along with the senior associate athletic director and the athletic
director for tickets, is responsible for all revenue projections.

The balanced budget is thoroughly reviewed by a budget sub-committee of the
Finance Committee. This sub-committee in turn recommends it to the Finance
Committee. Once the budget has been reviewed and ratified by the Finance
Committee, it is forwarded to the full UAA Board for approval. This approval
process begins in April and concludes in June.









REVENUE EXHIBITS A-C1


As indicated in Exhibit B1, the revenue projections for the 2007-2008 UAA
budget increased by a little more than $7 million from the 2006-2007 budget.
The primary reasons for these increases are as follows:

Football Game Revenue $1.3 Million increase is due an increase in single
game and season ticket prices.

Football SEC Revenue $875,000 increase in rights fees for SEC Television
package and SEC Bowl Distribution.

Skybox suites, club seating and Bull Gator seating-$435,000 this increase
reflects price increases for the suites, as well as increased Champions Club and
Bull Gator sales.

Basketball Game Revenue $372,000 reflects increase in ticket prices.

Basketball SEC and NCAA Revenue $500,000 increase in SEC Tournament
Distribution and NCAA Tournament Distribution.

Basketball Booster Revenue $800,000 reflects increase in booster per seat
contributions.

Licensing and Sport Shop Revenue $1.6 Million reflects increase in sales and
royalty payments.

The ability of our football program to generate significant dollars is the key
component to our financial stability. Please see Exhibit D to see the impact that
this sport has on the Association's finances. Men's Basketball revenue, which
has grown dramatically in the last five years, also plays a key role in our financial
stability. Please see Exhibit E that illustrates this point.

Other significant items relating to the revenue projections for the UAA:

1. Gator Boosters Inc. generates one third of the funds needed to run this
program. This year the transfers to the UAA are projected to be $24.9
million

2. SEC revenue from bowl games, television contract, and championships
are projected to be $8.5 million in 2007-2008

3. Our marketing department, through sponsorships and scoreboard
advertising, will generate $2.1 million

4. Our equipment contracts pay to the UAA over $1.4 million










5. Football ($16.2 million) and Basketball ($2.9 million) ticket sales generate
$19.1 million for the UAA









EXPENDITURES EXHIBITS C2-C5


The expenditure budget for the 2007-2008 fiscal year increased by $7 million
from last years budget. The major items that resulted in this increase are listed
in Exhibit C1.

The significant items on this list are as follows:

1. Salaries this budget item increased by over $3.9 million. This figure
represents salary and OPS increases, pension, and FICA contributions
and a salary reserve. It also represents guaranteed increases in several
contracts not only in salary, but also equipment contracts, longevity
incentives and public relations payments.

This line item includes:

a. A 4.5% raise pool effective October 1st. The Athletic
Association will be consistent with increases that are
approved by the University of Florida and if there are any
savings these dollars will become part of the of the salary
adjustment pool.

b. A $211,000 range adjustment/competitive match pool.

c. One new position, an upgrade of an existing position to
Assistant Athletic Director and four positions that are partially
or fully funded by conversion of OPS and Graduate
Assistantship hours already budgeted.

2. Men's and Women's Scholarships budget increase of $247,000 which
reflects the percentage increase for tuition and fees administered by the
university, as well as increases in room and board costs.

3. Debt Service Increase by $183,000 due to an increase in interest and
principal expense. This increase does not reflect any interest and
principal payments for the proposed 2007 debt issuance.

4. Football Expenses increased by $233,000 due to increased cost for
travel and recruiting.

5. Football Game Day increased by $178,000 due to increased security
expenses.

6. Utilities increased by $150,000 due to an expected increase in fuel and
power costs.

7. Licensing increased by $721,000 due to increase in logo profit payment
to UF.










Other items to note:


1. In an effort to contain costs during this year's budget preparation, we used
fixed and adjustable accounts. Each departments work papers, had
accounts that were fixed and costs could not be increased without
justification.

2. The 2007-2008 budget once again contains significant funding for the
Office of Student Life, as well as our community relations program, the
Goodwill Gators.

The Student Athlete Assistance Program which is a program we have
established to help educate and monitor our athletes in all areas including their
physical and mental health, the UAA Career Resource Center that assists our
athletes with planning their life after athletics,
The Substance Abuse Program that features a testing, as well as an
educational component, the Student Athlete Counseling Center which is housed
in the O'Connell Center to assist athletes in dealing with real life issues.
The UAA Nutrition Department which provides direction to all of our athletes on
the issue of proper diet in their success.

We feel this budget will allow this program to continue to be one of the nation's
best in all that we do. This budget will allow our student athletes and our
respective programs to compete and succeed at the highest level. Continual
success is very dependent on financial stability that has been and continues to
be one of our challenges for the future.









FUTURE TRENDS AND PROJECTIONS


Keys to the future financial stability for the University Athletic Association are as
follows:


1. Football and Men's basketball continue to generate significant revenue for
the program. The National Championships' in these sports places our
teams in the elite ranks of college athletics. We will need to continue to
capitalize on this success. Florida is one of the few schools in the country
that has an elite football and men's basketball program that generate large
amounts of revenue.

2. Southeastern Conference television and bowl contracts continue to play a
huge role in our financial stability. We must watch these revenues very
closely for future negotiations could see some changes in the revenue
these contracts generate.

3. We must continue to seek donors for major gifts and endowments. The
major gifts allow us to have some of the finest facilities in the country and
the endowment (currently at $36.1 million) protects our future. Raising
dollars for endowment will be the major priority for the UAA and Gator
Boosters in the University's next Capital Campaign. As part of the 100
Year Celebration of Gator Football, a gala event raised $5 million for
endowment.

4. As indicated in Exhibit H, we have significant debt ($85.6 million) and we
should always be cognizant of this obligation as we make plans for the
future. We will continue to be challenged to run a first class program, but
not spend unwisely and keep expense increases to a minimum.

5. The addition of Women's Lacrosse will be an important undertaking for our
program and preparations to begin play in the 2010 season will begin this
fiscal year. The UAA plans to hire the head coach and begin design on a
lacrosse facility. The addition of a 12th football game has allowed the UAA
to reserve funds to assist the organization in covering some of these start
up costs.

The University Athletic Association will continue to plan a strong focus on
facilities, as we believe they are one of the strongest statements we can make
about our commitment to our athletic programs as shown in Exhibit G.


Facility projects completed in 2006-2007:

1. The UAA completed a $13 million project to construct a baseball complex,
renovate areas of McKethan Stadium and renovate the locker rooms and
offices in the Lemerand Center.










2. New video replay boards and scoreboards were installed at the Stephen
C. O'Connell Center.

Current projects we are working on:


1. The football "front door" project is underway. This project will completely
renovate and expand the football office complex, create a new entry into
the football office complex, create a new Gator Room, expand the strength
and conditioning complex and renovate other areas in the south end zone
football areas. This project will be funded through major gift fund raising
and a bond issuance.

2. We will need to begin the planning process for a new facility to support the
Women's Lacrosse program. This will be financed from the 12th football
game reserve and major gift fundraising.

As indicated previously, our number one priority for the future will be to increase
our athletic scholarship endowments and major gift giving, as we believe this is a
key for our future stability. We also want to continue to provide resources to the
academic mission of this institution as we have done in the past. Please see
Exhibit H that illustrates the significant contributions that the UAA has made to
this University over the years.

The success of this athletic program can be attributed to many factors, but
certainly financial stability and growth is a primary factor. Continuing to remain
financially stable will be a key component for any future success. We are
confident this will happen and we are confident there are many good things in
store for this program in the future.









EXHIBITS












Licensing Revenues


4,000,000

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0


.. .... .-.-- -








1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

i Revenues


Exhibit A











Budgeted Revenues and Expenses

90,000,000

80,000,000

70,000,000

60,000,000

50,000,000

40,000,000

30,000,000

20,000,000

10,000,000

0
1980 1985 1990 1995 2000 2003 2004 2005 2006 2007 2008

Revenues -*- Expenses


Exhibit B









UNIVERSITY ATHLETIC ASSOCIATION, INC.

2007 2008 Budget






Revenue is budgeted to increase by more than $7,000,000 over
the previous year's budget due to the following:


Football game revenue, net
Football SEC revenue
Gator suites & dens
Bull Gator deck & zone
Men's basketball game revenue, net
Basketball SEC revenue
Basketball booster contribution
Baseball game revenue, net
Sportshop Store & stadium sales
Sportshop Online mail order royalties
Sportshop Gator setback royalties
Sales tax retained for women's athletics
TV & Radio revenue
Licensing
Golf course
Boston Culinary football event revenue
Sponsorships
Equipment contract revenue
Student fees


Total


$ 1,311,000
875,000
313,000
122,000
372,000
500,000
800,000
94,000
100,000
100,000
25,000
203,000
211,000
1,339,000
85,000
131,000
108,500
259,000
118,000


$ 7,066,500


Exhibit B-1









Net Revenue Contributed to Cover Operations


40,000,000


31.738.653


30,000,000


20,000,000



10,000,000


Other Sports


1,987,858 2,425,029
mmI


Auxiliaries


-10,000,000


-11,817,383 -12,624,251


-20,000,000


* Net Revenue 2007


* Net Revenue 2008


Exhibit B-2


33,319,341


4,385,533


5,149,940


Football


Men's Bkbl







UNIVERSITY ATHLETIC ASSOCIATION
2007-2008 Budget Request
Operating and Nonoperating Revenues

2006-2007 2006-2007
Original Projected 2007-2008 % Increase
Account Budget Actual Request (Dec)

Football:
Game Revenue, net 14,755,079 15,005,124 16,230,300 10.00%
Other Revenue 28,112,775 31,162,642 29,943,775 6.51%
Sales Tax to Wmn's Athletics (1,007,835) (1,023,871) (1,172,224) 16.31%
Subtotal 41,860,019 45,143,895 45,001,851 7.51%

Men's Basketball:
Game Revenue 2,563,700 2,643,254 2,968,612 15.79%
Other Revenue 3,945,000 5,230,000 5,245,000 32.95%
Sales Tax to Wmn's Athletics (174,735) (171,297) (207,529) 18.77%
Subtotal 6,333,965 7,701,957 8,006,083 26.40%

Other Sports:
Other Sports Game Revenue 393,000 463,680 493,000 25.45%
Sales Tax to Wmn's Athletics (23,117) (27,275) (28,999) 25.44%
Subtotal 369,883 436,405 464,001 25.45%

Auxiliaries:
TV & Radio 2,970,886 3,493,886 3,182,000 7.11%
Programs & Scorecards 39,800 36,800 36,800 (7.54%)
Gator Sportshop 2,310,000 3,148,233 2,517,800 9.00%
Licensing 2,702,000 4,512,000 4,125,500 52.68%
Golf Course 1,181,000 1,197,235 1,266,000 7.20%
Facility Rental 30,500 25,000 37,500 22.95%
Subtotal 9,234,186 12,413,154 11,165,600 20.92%

Other Revenue:
Boston Culinary 1,044,000 1,149,511 1,196,786 14.63%
Marketing 1,945,000 2,955,000 2,053,500 5.58%
Other Revenue 2,014,000 2,141,535 2,281,500 13.28%
Subtotal 5,003,000 6,246,046 5,531,786 10.57%

Total Operating Revenues 62,801,053 71,941,457 70,169,321 11.73%

Nonoperating & Other Revenues:
Nonoperating & Other 6,654,492 8,314,128 7,545,557 13.39%
Capital Contributions 0 1,669,295 0 0.00%
Subtotal 6,654,492 9,983,423 7,545,557 13.39%

Total Revenues 69,455,545 81,924,880 77,714,878 11.89%


Exhibit B-3









Estimated Revenue 2007-2008 Budget


Men's Basketball
10%

Nonoperating Revenue
10%



Auxiliaries
14%


Other Revenue Other Sports
7% 1%


Football
58%


Exhibit C










UNIVERSITY ATHLETIC ASSOCIATION, INC.


2007 2008 Budget






Expenditures are budgeted to increase by more than $7,000,000 over
the previous year's budget due to the following:


Salaries, OPS & Fringe benefits
Scholarships (M & W)
Debt service
Football expenses travel, recruiting
Football game operations
Football band travel
Men's Basketball stadium rental
M&W Swimming travel
M&W Championship travel
Women's Basketball travel & guarantees
Women's Basketball officials & operations
Lacrosse
Softball officials & operations
Video software licensing agreement
Training room Medical consultants
Training room Baseball
Nutrition edibles
Marketing promotional pool, SCOC video board
Human Resources Moving, temporary housing, retreat
Property & casualty insurance
Athlete's medical insurance
Utilities
Telephone costs
Postage
Credit card fees
Consultant fees
Maintenance & major maintenance
Information Technology
TV & Radio Coaches' talent
Sportshop Cost of goods sold, advertising, web fee
Licensing Logo profit to UF
Golf Course Cost of goods sold, permanent equipment
Contribution to UF
Total


$ 3,921,000
247,000
183,000
233,000
178,000
71,000
73,000
31,800
49,600
66,000
53,900
34,000
35,700
112,000
19,000
19,000
31,500
126,500
48,000
75,000
37,000
150,000
50,000
57,500
50,000
62,000
36,500
42,000
112,500
84,000
721,000
52,000
17,000
$ 7,079,500


Exhibit C-1








Estimated Expenses 2007-2008 Budget





Scholarships Football
10% 14%


Auxiliaries
8%
P Eq & Cap Imp
2%


Genl Admin
23%


'hI
Contribution to UF
2%


Men's Basketball
7%


Other Sports
15%


Support Svcs
12%


Exhibit C-2







UNIVERSITY ATHLETIC ASSOCIATION
2007-2008 Budget Request
Operating Expenses General, Men's & Combined

2006-2007 2006-2007
Original Projected 2007-2008 % Increase
Account Budget Actual Request (Dec)

Football:
Football 1,865,089 2,015,484 2,172,343 16.47%
Football Support 3,513,880 3,436,276 3,720,266 5.87%
Subtotal 5,378,969 5,451,760 5,892,609 9.55%

Men's Basketball:
Basketball-Men 888,963 895,420 857,465 (3.54%)
Basketball Support-Men 740,731 783,129 876,233 18.29%
Subtotal 1,629,694 1,678,549 1,733,698 6.38%

Other Sports:
Baseball 468,591 469,091 492,041 5.00%
Baseball Support 96,825 98,575 104,950 8.39%
Golf-Men 110,490 107,265 113,935 3.12%
Swimming-Men & Women 341,267 336,867 377,076 10.49%
Swimming Support-Men & Women 15,400 15,406 15,440 .26%
Tennis-Men 186,298 187,748 197,685 6.11%
Tennis Support-Men & Women 2,400 2,400 2,400 0.00%
Track-Men 234,229 269,655 248,608 6.14%
Track Cross Country-Men & Women 94,750 104,407 97,450 2.85%
Track Support-Men & Women 24,200 21,426 26,980 11.49%
Championship Travel-Men 525,000 682,500 548,125 4.40%
Subtotal 2,099,450 2,295,340 2,224,690 5.97%

Scholarships:
Scholarships-Men 4,328,902 3,995,603 4,402,395 1.70%
Subtotal 4,328,902 3,995,603 4,402,395 1.70%

Support Services:
Football Equipment Room 59,000 59,125 57,515 (2.52%)
Lemerand Equipment Room 47,694 47,694 50,230 5.32%
Video Expenses 130,830 123,750 252,645 93.11%
Other Video Expenses 26,750 31,050 23,800 (11.03%)
Strength & Conditioning 34,432 41,400 34,632 .58%
Baseball Training Room 50,000 50,000 69,292 38.58%
SEZ Training Room 818,520 809,672 837,579 2.33%
Lemerand Training Room 195,008 193,418 188,068 (3.56%)
Basketball Facility Training Room 109,517 109,700 111,876 2.15%
Nutrition Expenses 196,240 206,449 225,916 15.12%
Media Relations 29,600 29,600 32,375 9.38%
Sports Information 395,508 401,070 418,727 5.87%
Marketing & Promotion 1,146,195 1,222,735 1,275,319 11.27%
Office of Student Life 115,400 128,679 115,600 .17%
Subtotal 3,354,694 3,454,342 3,693,574 10.10%


Exhibit C-3







UNIVERSITY ATHLETIC ASSOCIATION
2007-2008 Budget Request
Operating Expenses General, Men's & Combined

2006-2007 2006-2007
Original Projected 2007-2008 % Increase
Account Budget Actual Request (Dec)

General & Administrative:
Compliance & Sports Administration 24,250 23,100 24,250 0.00%
Human Resources 285,405 345,305 333,400 16.82%
Utilities, Insurance & Services 4,694,463 4,652,370 5,019,542 6.92%
General Administration 2,261,915 2,429,328 2,437,897 7.78%
Maintenance 691,770 686,514 714,792 3.33%
Major Maintenance 193,294 381,970 206,790 6.98%
Ticket Office 23,700 21,892 23,000 (2.95%)
Information Technology 295,131 305,088 346,135 17.28%
Purchasing & Receiving 201,455 200,100 204,405 1.46%
Operations 0 10,702 15,500 over 100%
Aviation-Citation (13,258) 415,516 (12,046) (9.14%)
Aviation-B200 King Air 7,415 30,832 2,057 (72.26%)
Aviation-Administrative 266,250 309,914 266,250 0.00%
Subtotal 8,931,790 9,812,631 9,581,972 7.28%

Auxiliaries:
TV & Radio 1,147,985 1,149,405 1,266,655 10.34%
Football Programs & Baseball Scorecarc 6,170 6,317 6,370 3.24%
Gator Sportshop 1,431,935 1,740,499 1,540,494 7.58%
Licensing 1,125,582 1,999,343 1,950,390 73.28%
Golf Course 1,108,681 1,164,219 1,216,251 9.70%
Facility Rental 28,300 35,000 35,500 25.44%
Subtotal 4,848,653 6,094,784 6,015,660 24.07%

Salaries, OPS & Benefits:
Salaries-General & Men & Women's 17,369,578 17,623,970 20,456,849 17.77%
OPS 786,288 849,591 909,748 15.70%
Fringe Benefits 4,603,247 4,684,658 5,313,913 15.44%
Subtotal 22,759,113 23,158,219 26,680,510 17.23%

Total Operating Expenses 53,331,265 55,941,228 60,225,108 12.93%


Note: See individual detail pages for explanatory footnotes.


Exhibit C-3























































Note: See individual detail pages for explanatory footnotes.


Exhibit C-4


UNIVERSITY ATHLETIC ASSOCIATION
2007-2008 Budget Request
Operating Expenses Women's

2006-2007 2006-2007
Original Projected 2007-2008 % Increase
Account Budget Actual Request (Dec)

Other Sports:
Basketball-Women 718,379 814,729 771,473 7.39%
Basketball Support-Women 243,602 230,115 298,356 22.48%
Golf-Women 154,167 154,867 161,736 4.91%
Gymnastics 256,492 260,142 227,100 (11.46%)
Gymnastics Support 49,600 49,274 43,950 (11.39%)
Lacrosse 0 0 34,000 over 100%
Soccer 317,816 320,347 342,651 7.81%
Soccer Support 16,325 16,573 20,495 25.54%
Softball 286,091 290,691 289,165 1.07%
Softball Support 35,016 37,564 70,764 102.09%
Tennis-Women 165,350 150,340 166,940 .96%
Track-Women 265,784 258,769 276,812 4.15%
Volleyball 390,617 397,261 377,430 (3.38%)
Volleyball Support 160,200 161,500 151,185 (5.63%)
Championship Travel-Women 595,000 578,072 621,625 4.47%
Subtotal 3,654,439 3,720,244 3,853,682 5.45%

Scholarships:
Scholarships-Women 3,169,960 3,227,330 3,344,000 5.49%
Subtotal 3,169,960 3,227,330 3,344,000 5.49%

General & Administrative:
VVomen's Administrative 168,749 168,749 168,749 0.00%
Subtotal 168,749 168,749 168,749 0.00%

Total Operating Expenses 6,993,148 7,116,323 7,366,431 5.34%




































Note: See individual detail pages for explanatory footnotes.
1 Placeholder used to reserve funds for future debt service; reserve totals $1,700,000.


Exhibit C-5


UNIVERSITY ATHLETIC ASSOCIATION
2007-2008 Budget Request
Nonoperating Expenses & Budgeted Capital Items

2006-2007 2006-2007
Original Projected 2007-2008 % Increase
Account Budget Actual Request (Dec)

Nonoperating & Other Expenses:
Debt Service-Interest 3,011,876 3,050,131 3,124,796 3.75%
Contribution to UF 731,844 814,562 1,749,335 139.03%
Subtotal 3,743,720 3,864,693 4,874,131 30.19%

Budgeted Capital Items:
Debt Service Principal 2,465,000 765,000 2,535,000 2.84%
Permanent Equipment 500,000 774,952 609,164 21.83%
Capital Improvements 1,000,000 18,320,179 1,000,000 0.00%
Subtotal 3,965,000 19,860,131 4,144,164 4.52%

Total Nonoperating & Other 7,708,720 23,724,824 9,018,295 16.99%








History Football Revenue and Ticket Related Contributions



25,000,000



20,000,000



15,000,000



10,000,000



5,000,000


1990 1992 1994 1996 1998 2000 2002 2004 2005 2006 2007 2008

Football Game Revenue U Ticket Related Contributions


Exhibit D


I I I I


I I I


I I I I







History Basketball Revenue and Ticket Related Contributions

3,500,000

3,000,000

2,500,000

2,000,000


1,500,000

1,000,000

500,000

0


1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008


* Basketball Game Revenue


* Ticket Related Contributions


Exhibit E








Actual Contributions to UF 1988-2007*
(*Current year through May 2007)


10,000,000
9,000,000
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000





Exhibit F


- I


91-93 94-96 97-99
D Logo Revenue

Total:


00-02 2003 2004
Other Contribution U

1988-2007=$37,617,557


2005 2006
Total Contribution


2007










Facilities & Improvements 1982-2007*

(*Current year through April 2007)


40,000,000

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000


94-96 97-99


Total: 1982-2007 = $180,021,088


82-84


85-87


88-90


91-93


00-02


02/03


03/04


04/0
04/05


05/06


06/


009


Exhibit G











UNIVERSITY ATHLETIC ASSOCIATION, INC.

Amortization Schedule for 2005, 2001 & 1990 Bonds


1990 Bonds
Amortization Outstanding
Requirements Balance
20,400,000
800,000 19,600,000
19,600,000
19,600,000
19,600,000
19,600,000
4,000,000 15,600,000
1,200,000 14,400,000
1,200,000 13,200,000
1,300,000 11,900,000
1,400,000 10,500,000
1,500,000 9,000,000
1,600,000 7,400,000
1,700,000 5,700,000
1,800,000 3,900,000
1,900,000 2,000,000
2,000,000 0


20,400,000


2001 Bonds


Amortization
Requirements


695,000
765,000
735,000
710,000
790,000
770,000
755,000
845,000
835,000
730,000
730,000
735,000
740,000
750,000
765,000
785,000
3,210,000
3,350,000
3,490,000
3,640,000
3,795,000
3,955,000
4,120,000
4,295,000
4,480,000
4,670,000
4,870,000
56,010,000


Outstanding
Balance
56,010,000
56,010,000
55,315,000
54,550,000
53,815,000
53,105,000
52,315,000
51,545,000
50,790,000
49,945,000
49,110,000
48,380,000
47,650,000
46,915,000
46,175,000
45,425,000
44,660,000
43,875,000
40,665,000
37,315,000
33,825,000
30,185,000
26,390,000
22,435,000
18,315,000
14,020,000
9,540,000
4,870,000
0


2005 B
Amortization
Requirements






2,400,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
1,000,000


onds Yearly
Outstanding Amortization
Balance Requirements


10,000,000
10,000,000
10,000,000
10,000,000
7,600,000
7,000,000
6,400,000
5,800,000
5,200,000
4,600,000
4,000,000
3,400,000
2,800,000
2,200,000
1,600,000
1,000,000
0


10,000,000


Date
1-Jul-05
1-Aug-05
1-Oct-05
1-Oct-06
1-Oct-07
1-Oct-08
1-Oct-09
1-Oct-10
1-Oct-11
1-Oct-12
1-Oct-13
1-Oct-14
1-Oct-15
1-Oct-16
1-Oct-17
1-Oct-18
1-Oct-19
1-Oct-20
1-Oct-21
1-Oct-22
1-Oct-23
1-Oct-24
1-Oct-25
1-Oct-26
1-Oct-27
1-Oct-28
1-Oct-29
1-Oct-30
1-Oct-31


695,000
765,000
735,000
3,110,000
5,390,000
2,570,000
2,555,000
2,745,000
2,835,000
2,830,000
2,930,000
3,035,000
3,140,000
3,250,000
3,365,000
1,785,000
3,210,000
3,350,000
3,490,000
3,640,000
3,795,000
3,955,000
4,120,000
4,295,000
4,480,000
4,670,000
4,870,000
85,610,000


Total
Outstanding
Balance
76,410,000
85,610,000
84,915,000
84,150,000
83,415,000
80,305,000
74,915,000
72,345,000
69,790,000
67,045,000
64,210,000
61,380,000
58,450,000
55,415,000
52,275,000
49,025,000
45,660,000
43,875,000
40,665,000
37,315,000
33,825,000
30,185,000
26,390,000
22,435,000
18,315,000
14,020,000
9,540,000
4,870,000
0


Exhibit H




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