Colorado State University Athletics
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.
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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.
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Highlights of the 2019-20 financial report:
FY20 NCAA Report
FY19 NCAA Report
FY18 NCAA Report
FY17Â NCAA Report
FY16Â NCAA Report
FY15 NCAA Report
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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.
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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.
FY20 NCAA Report
FY19 NCAA Report
FY18 NCAA Report
FY17Â NCAA Report
FY16Â NCAA Report
FY15 NCAA Report
Wednesday, May 20
Friday, May 15
Thursday, April 30
Tuesday, April 28