FSU sees drop in revenue & NCAA cash payout (plus more FSU investment issues)

https://floridastate.rivals.com/news/as-expected-seminoles-see-dip-in-revenues-from-acc-ticket-sales

Due primarily to a decline in ticket sales and a smaller payout from the Atlantic Coast Conference -- neither of which was unexpected -- Florida State’s athletics department and Seminole Boosters Inc., saw their combined revenues drop nearly six percent for the fiscal year that ended June 30, 2016.

According to FSU athletics department documents obtained by Warchant, the Seminoles generated just $20.96 million in ticket revenue for the 2015 season -- that was a drop of nearly $5.5 million from the 2014 campaign. And the ACC’s annual distribution dropped from nearly $26 million to $23.92 million.

That left the combined revenue of FSU’s athletics department and Seminole Boosters Inc., the department’s fundraising arm, at $114,754,314, compared to the year earlier total of $122,037,252.

https://floridastate.forums.rivals.com/threads/as-expected-fsu-sees-drop-in-revenue-due-mainly-to-ticket-sales-acc-payout.176625/#post-2881694





http://www.usatoday.com/story/sports/college/2017/03/24/ncaa-200-million-payout-bonus/99582450/

College athletics departments will receive amounts ranging from about $165,000 to more than $1.3 million from a one-time supplemental distribution of $200 million the NCAA is making to Division I schools in mid-April, according to a school-by-school distribution report compiled recently by the association.



Asher Wildman‏ @AsherWildMan6 3m3 minutes ago 
          

According to @ByBerkowitz., the NCAA is making a $200 million donation to Division One schools. Here's how the ACC Payouts look.pic.twitter.com/Pq6V8sjDkb

Asher Wildman‏ @AsherWildMan6 3m3 minutes ago

Of the $200 million dollars being handed out by the NCAA, $12,722,624 is headed to the ACC. $770,172 is going to FSU (4th least) in ACC.



https://floridastate.forums.rivals.com/threads/as-expected-fsu-sees-drop-in-revenue-due-mainly-to-ticket-sales-acc-payout.176625/#post-2881694

Having said that, I'm sure the Boosters aren't thrilled about the investment losses. But I was told they occurred mostly in the final quarter of the fiscal year, so there wasn't much they could do about it. I was told they have since re-positioned some things to make sure that doesn't happen again.



Because the department prepared for those dips -- the ticket revenue was expected to be low because of a soft home schedule in '15, and the ACC payout was inflated the year before by Maryland’s one-time exit penalty -- FSU's athletics department still was able to generate a surplus of $1.846 million for the year. Once those numbers were combined with Seminole Boosters for purposes of NCAA reporting, however, the university actually showed a loss of $1.877 million.

University officials told Warchant that loss was “on paper only” and it represented items considered to be non-recurring in nature, including lower-than-expected return on some Seminole Boosters investments. They said those are not expected to reoccur during the coming fiscal year. It did not affect the Boosters’ ability to supplement the department’s budget -- they contributed nearly $27.75 million during that fiscal year -- nor did it affect the operation of the department.

Only once in the last 10 years (in 2008) has FSU's endowment out performed the average.

Some follow up details:

https://floridastate.forums.rivals.com/threads/fsu-endowment-growth-or-lack-thereof.137024/

http://allthingsfsu.blogspot.com/2016/08/fsu-endowment-horrible-performance.html

http://extracredit.blog.palmbeachpost.com/2009/02/05/fsu-endowment-drops-more-than-100-million/



It is odd that in the midst of FSU's soon to be billion dollar capital campaign it has LOST ground in endowment rankings.