David MorrisonThe Missouri athletic department Sexy Clubwear operated at a surplus of $4 million during the 2012-13 fiscal year, according to the annual revenue and expense report the university submits to the NCAA.
The document, obtained through Wholesale Babydoll Lingerie an open-records request, reports that the athletic department generated $76.3 million of revenue from July 1, 2012, through June 30, 2013, while spending $72.3 million.
Missouri operated at a deficit of $17.7 million for the 2011-12 fiscal year, spending $68.4 million and taking in $50.7 million in revenue. That deficit was caused by the Big 12 withholding Missouri's conference payout for the year as it was exiting the league for the Southeastern Conference, executive associate athletic director for operations Tim Hickman said.
MU made $1.8 million from conference, NCAA and tournament jdfhggfhk distributions in 2011-12, a number that ballooned to $21.1 million in 2012-13 thanks in large part to a $19.6 million infusion from the SEC.
Hickman said Missouri budgeted $14.1 million from the Big 12 that never materialized in 2011-12. He said the athletic department dug into its reserves to pay off some of the deficit, as well as using university funds.
"As we mature into the SEC and some of the new revenue streams we're anticipating there, we'll start a payment plan back to the institution for those funds," Hickman said.
MU expects a surplus of $2.8 million for the current fiscal year that ends June 30, according to a line-item budget obtained through an open-records request. The athletic department expects to take in $75.3 million and spend $72.5 million this year.
Hickman said the school is optimistic that revenue projection is on the low end. The school budgeted $20.4 million in conference/NCAA funds and $18.1 million in ticket sales, after reporting $22.5 million in ticket revenue for 2012-13.
"A strong year in football obviously helps a lot," Hickman said. "We go into our budgets trying to be conservative, as well. I anticipate, when it's all said and done, we'll beat that."
Hickman said the school is not currently budgeting any added revenue from the SEC Network ' which launches Aug. 14 ' for the 2014-15 fiscal year, as it's not clear how much the league's schools can expect from the new network and how soon they can expect it.
"Hopefully, we'll realize some of that" revenue, "but we're not going into" 2014-15 "counting on that," Hickman said.
Missouri attributed $31.9 million of revenue and $17.4 million in expenses to its football team in 2012-13, a difference of $14.5 million. The Tigers counted $12.6 million of revenue and $6.4 million in expenses from its men's basketball team, an excess of $6.2 million.
Missouri reported just less than $15 million in football ticket sales for 2012-13, an increase of 22 percent from the $12.3 million it reported the previous year. Men's basketball experienced a 6.2 percent increase in ticket revenue over the same period, from $4.9 million to $5.2 million.
Football and men's basketball combined to make up 89 percent of the ticket-sale revenue the Missouri athletic department reported in 2012-13.