June 16, 2016
The University of Michigan Athletic Department on Thursday presented to the Board of Regents a balanced budget based on operating expenses of $154.8 million for the 2017 fiscal year.
Highlights of the budget, presented by Warde Manuel, the Donald R. Shepherd Director of Athletics, include:
• Football season ticket prices remain unchanged for the public for a third consecutive year.
• Student football season ticket prices remain unchanged, and reflect the 37.5 percent reduction in FY2016, in addition to offering need-based discounts based on federal Pell Grant eligibility in football, men's basketball and ice hockey for a second season.
• Football ticket sales are projected to increase due to an eight-game home schedule in FY '17, compared to seven games last year.
• Budgeted corporate sponsorship revenues are projected to increase by $1.49 million due to a new apparel agreement.
• Budgeted facility revenues are projected to increase by $1.4 million due to a special event in Michigan Stadium following a fiscal year with no such events.
• Total operating expenses budgeted for FY '17 will increase by approximately 4 percent from the projected actual operating expenses in FY '16 due to inflationary increases in financial aid, compensation and an increased funding transfer to the university.
• The Athletic Department will make a $5 million transfer to a deferred maintenance fund, compared with $5 million in FY '16 and FY '15 and $4.75 million in FY '14. The deferred maintenance fund is used to provide for major repair and rehabilitation projects for athletic facilities. The department expects to set aside additional funds in future years for this purpose.
Based on preliminary results, the Athletic Department currently projects a balanced budget for FY '16. The operating budget saw lower-than-budgeted spectator admissions in basketball and non-conference ice hockey contests as well as higher-than-budgeted costs in student financial aid and team and game expenses. Those items were offset partially by lower-than-expected facility expenses and other budget management initiatives.
During the 2015-16 academic year, Michigan was the only school to achieve exemplary Academic Progress Rate marks from the NCAA in football (above 989), men's basketball (995 and above) and women's basketball (995 and above).
Further, Michigan is the only Big Ten Conference institution to earn NCAA Public Recognition Awards in both football and men's basketball, with men's basketball now having earned the award in five straight years. U-M tied an institutional record in 2015-16 with 10 Public Recognition Awards for ranking among the top 10 percent of their respective sports in the most recent multiyear APR report.
A total of 47 student-athletes earned first-team All-America honors during the year with a total of 66 All-America selections in all. Michigan had 71 student-athletes earn All-Big Ten first team honors with 35 student-athletes winning individual conference titles.
A total of 276 student-athletes were named Academic All-Big Ten Conference compared to 260 in 2014-15 and 235 in 2013-14. Men's track & field athlete Mason Ferlic (aerospace engineering) and field hockey athlete Shannon Scavelli (psychology) were U-M's recipients of the Big Ten Medal of Honor.
Michigan had five individuals claim Academic All-America honors through the most recent announcements: Cory Bruder (baseball, evolutionary anthropology), Sara Driesenga (softball, social work), P.J. Ransford (men's swimming and diving, mechanical engineering), Nicole Artz (women's gymnastics, elementary education) and Ali Thomason (water polo, neuroscience). Michigan boasts 126 Academic All-Americans.
In the community, Michigan student-athletes worked in collaboration with numerous local nonprofit organizations. A few of the student-led initiatives included the weekly visits with patients at C.S. Mott Children's Hospital, Camp Catch-A-Rainbow, Flint YMCA Reading initiative, visits to local elementary schools, Michigan Buddies mentoring program within the Ann Arbor Public School System, Lunch with a Wolverine for elementary school children and Adopt-A-Classroom for providing positive role models.
The Wolverines recorded top-10 finishes in the Directors' Cup standings in 12 sports: women's cross country (6), men's cross country (9), field hockey (5), men's gymnastics (7), ice hockey (5), women's swimming & diving (10), women's indoor track and field (6), wrestling (9), women's rowing (10), softball (5), water polo (4), and women's tennis (5) in addition to eight other top-25 finishes.
At the Big Ten level, Michigan led the conference in championships with eight: women's outdoor track and field, softball, men's cross country, women's gymnastics, women's swimming and diving, men's swimming and diving, women's indoor track and field and water polo (CWPA). Michigan also won the ice hockey tournament title and led the conference with an average team finish of 3.75 across all sports.