Working through one of the most challenging set of economic conditions in the last 25 years, the San Jose State University athletics department completed the 2009-10 academic year with its operating budget balanced.
The economic accomplishment marks an unprecedented fourth year in a row that the Spartans can claim they did not finish a fiscal year with a deficit. Sharp forecasting and execution of expenses and reasonable expectations for revenues produced the desired results.
UNIVERSITY & PUBLIC SUPPORT CONTINUES
On the revenue side, the department benefited from its long-standing agreements with the University and the student body (i.e., Associated Students) on annual allocations. Equally important, the athletics department did not seek any mid-year subsidy from either the University or the student body.
The Spartan Foundation, the department's fund-raising arm, recently completed its annual drive raising more than $1.4-million, an unprecedented fifth consecutive year the Spartan Foundation exceeded the $1.0-million plateau.
As a member of the Western Athletic Conference, San Jose State shared financially in the conference's successes in football and men's basketball and was a recipient of National Collegiate Athletic Association (NCAA) revenue dispersements from its Division I membership.
EFFECTIVELY MANAGING EXPENSES
Most recently, the athletics department effectively dealt with the California State University system mandates to raise student tuition costs that subsequently lead to increased expenditures for the athletics department's student-athlete scholarships. San Jose State athletics does not receive any tuition waivers for its 400-plus student-athlete population.
While many state agencies reduced its work force and output through furloughs, layoffs or retirements, San Jose State athletics maintained its staff size of 120 employees at the 2008-09 level in 2009-10 and provided similar services to its student-athletes and external publics.
For 2009-10, the Texas A&M University Laboratory for the Study of Intercollegiate Athletics recognized San Jose State as one of the top-30 Football Bowl Subdividion (FBS) programs for economic efficiency. The annual study, now in its second year, measured total operating budget and championships won and rated the 120 FBS members in NCAA Division I on expenditures producing to championships.