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ACC pays out more to FSU than expected...$16 million for 2011
Bye, bye budget deficit for athletics.
Not bad for a dying conference.
10:08 a.m. — Spetman announces that FSU received more than it had expected from the ACC in conference distribution money. The Seminoles received $1.6 million more than the conference had originally told them. Were expecting about $14.1 million given in payouts on Dec. 1 (of last year) and June 1 (of this year). On June 1, the school received the additional money, totaling just short of $16 million for the year.
This means, that previously reported $500,000 budget shortfall the athletic department had from this past school year’s budget cycle, has now been cleared. FSU is in the black for that budget. Spetman said there also should not be a budget shortfall, as previously reported, for the next budgetary cycle. The athletics budget is in the black.
http://articles.orlandosentinel.com...f-trustees-20120608_1_trustees-fsu-bond-issue
Bye, bye budget deficit for athletics.
Not bad for a dying conference.
10:08 a.m. — Spetman announces that FSU received more than it had expected from the ACC in conference distribution money. The Seminoles received $1.6 million more than the conference had originally told them. Were expecting about $14.1 million given in payouts on Dec. 1 (of last year) and June 1 (of this year). On June 1, the school received the additional money, totaling just short of $16 million for the year.
This means, that previously reported $500,000 budget shortfall the athletic department had from this past school year’s budget cycle, has now been cleared. FSU is in the black for that budget. Spetman said there also should not be a budget shortfall, as previously reported, for the next budgetary cycle. The athletics budget is in the black.
http://articles.orlandosentinel.com...f-trustees-20120608_1_trustees-fsu-bond-issue