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VOL. 133 | NO. 23 | Wednesday, January 31, 2018

Tennessee Athletics Has $10.8 Million Surplus in 2016-17

The Associated Press

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KNOXVILLE, Tenn. (AP) – Tennessee's athletic department has reported a $10.8 million budget surplus for the 2016-17 fiscal year.

Budget information for the fiscal year that ended June 30 was obtained Monday through a public records request. Tennessee reported $134.9 million in expenses and $145.7 million in revenues.

Tennessee athletic department spokesman Tom Satkowiak said the school utilized the surplus by contributing $5 million to the Neyland Stadium renovation project and $5.8 million for ongoing facility projects such as the expansion of the Haslam football practice fields, exterior painting for Neyland Stadium and stadium scoreboards for soccer, softball and baseball.

The school is planning a two-phase, $340 million renovation of Neyland Stadium. Plans call for the renovation to be funded by donations, the athletic department's operating revenue, corporate partners and budgeted debt service.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 56 437 16,061
MORTGAGES 76 508 18,556
FORECLOSURE NOTICES 8 56 2,461
BUILDING PERMITS 241 876 33,390
BANKRUPTCIES 64 301 10,314
BUSINESS LICENSES 15 125 5,303
UTILITY CONNECTIONS 17 125 6,273
MARRIAGE LICENSES 19 98 3,511