Colorado State University Athletics

Campus Aerial from Canvas

Colorado State Athletics Announces 2019-20 Financial Results

2/4/2021 4:00:00 PM | General

Results part of NCAA's annual reporting requirements for Division I athletic departments

FORT COLLINS, Colo. – The Colorado State University Department of Athletics has submitted its 2019-20 financial report to the NCAA as part of the NCAA's annual reporting requirements for all Division 1 athletic departments.
 
A PDF copy is available HERE. The final half of the year includes operations that coincided with the beginning of the worldwide COVID-19 pandemic as the fiscal year closed June 30, 2020.
 
Highlights of the 2019-20 financial report:
  • As it has every year under the leadership of Director of Athletics Joe Parker, the department out-performed its financial plan.
  • Men's basketball (14%) and women's volleyball (12%) both saw double-digit increases in ticket sales compared to their previous seasons.
  • Despite the pandemic, athletic student aid was increased in total dollar amount, equivalencies awarded, and in total students receiving aid.
  • An additional $2.5 million expense was accounted for as a result of a coaching transition while maintaining a balanced budget.
  • As a result of the worldwide COVID-19 pandemic, the department saw a decrease in revenues of approximately $1.1 million and still exceeded the budget plan for self-generated revenue by more than $300,000
  • Direct institutional support remained under the total amount that was budgeted. In all three years of operation at Canvas Stadium, the department has taken less institutional support than was budgeted.
    • Institutional support was increased by $1,665,221 due to an increase in salary pool, fringe benefits, and financial aid costs increases. No increases were due to increased operational costs.
    • The department received $717,819 less in one-time money than was budgeted for in FY20.
    • A stadium surplus was available to move from the stadium financial organization to the general athletic department organization. In FY20, $446,622 was moved.
Links:
FY20 NCAA Report
FY19 NCAA Report
FY18 NCAA Report
FY17 NCAA Report
FY16 NCAA Report
FY15 NCAA Report
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