More on FSU's budget issues

https://www.tallahassee.com/story/sports/college/fsu/2019/06/01/budgets-and-baseball-lots-david-coburns-agenda-fsu-ad-florida-state-seminoles-mike-martin-taggart/1300241001/

Coburn shared the good news Wednesday, when he announced that the 2018-19 athletic department budget has been balanced. Seminole Boosters, Inc., approved a $6.15 million transfer to help balance the deficit. 

The athletic board also approved a $108.07 million budget for the 2019-20 fiscal year. That budget is up over $1 million from the 2018-19 budget of $106.95 million. 

"It was a big challenge," Coburn said. 

"We did a lot of cuts. We did some changes in how we budgeted some things, which really helped us. We deferred payment on a loan on the scoreboard, at least the principle. We paid the interest. So we managed to get through it."

FSU is projecting the ACC revenue for the 2019-20 fiscal year at $32.1 million, an increase of 2.5 million from the announced ACC revenue for the 2017-18 fiscal year.

That increase is expected because of the ACC Network, but it's not the numbers that were being discussed when the network was announced. Former FSU Athletic Director Stan Wilcox said he believed that the ACC Network could boost ACC revenue by $8-10 million.

FSU's projected athletic department operating revenue is projected to see a significant drop for the 2019-20 fiscal year. That's due, in large part, to a significant decrease in ticket sales for football. FSU is expected to bring in just under $15 million after bringing in almost $23.5 million last year. 

FSU has sold 24,000 season tickets for the upcoming season. After selling out its allotment (45,000 season tickets in the main seating bowl) in 2014 following the program's third national title, FSU’s season ticket sales have continued to fall. Last year’s mark totaled 32,194, not including an additional 6500 premium seats sold in the Dunlap Champions Club and stadium suites.