More on the Dawg Balance Sheet
Per AJC article quoted at doubleazone.com
Georgia's athletics department traditionally operates at a profit, but 2005's balance sheet was unusually strong. Operating revenues increased by almost $11 million from the year before, while expenses increased by only $1 million.
The main reason for the revenue jump was a new football ticket priority system. Contributions tied to the system brought in $22.4 million in fiscal 2005, up from $15.9 million in 2004, UGA records show.
Very impressive numbers and how this football program generates these dollars warrants some investigation.
The number that jumps out at you is the $26,035,318 under contributions.
For comparison: Auburn $14,293,519, South Carolina $0, Clemson $1,715,863, Michigan $11,213,608, Michigan State $6,158,807, Texas $15,680,307, Tennessee $127,391, Maryland $0, UCLA $1,050,677, Buffalo $52,376
As you can see the contribution category is not consistently applied as UGA only reported $12,127,237 in ticket sales while UT reported $21,122,228. The factory in UGA’s financial favor is the addition of 27 SkySuites in 2004. Can you say trickle down from the pros.