» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 42 | NO. 4 | Friday, January 26, 2018

Tennessee athletics has $10.8 million surplus in 2016-17

Print | Front Page | Email this story

KNOXVILLE (AP) — Tennessee's athletic department has reported a $10.8 million budget surplus for the 2016-17 fiscal year.

Budget information for the fiscal year that ended June 30 was obtained Monday through a public records request. Tennessee reported $134.9 million in expenses and $145.7 million in revenues.

Tennessee athletic department spokesman Tom Satkowiak said the school utilized the surplus by contributing $5 million to the Neyland Stadium renovation project and $5.8 million for ongoing facility projects such as the expansion of the Haslam football practice fields, exterior painting for Neyland Stadium and stadium scoreboards for soccer, softball and baseball.

The school is planning a two-phase, $340 million renovation of Neyland Stadium. Plans call for the renovation to be funded by donations, the athletic department's operating revenue, corporate partners and budgeted debt service.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0