Central Washington University Board of Trustees July 21, 2023 ACTION – Fiscal Year 2024 Athletic Budget Approval
Since 2018, state law has required governing boards of Washington institutions of Higher Education to approve in an open public meeting the annual budget for intercollegiate athletics (SSB 6493) in advance of any expenditure for that fiscal year. The board also must approve in advance any expenditure exceeding $250,000 that is not already in the approved annual budget. Central is a member of the NCAA’s Division II Great Northwest Athletic Conference, expecting to serve 450 student athletes during the 2023-24 school year.
The following is a summary of the FY24 CWU intercollegiate athletics budget:
Funding Source
Proposed for Board Approval
% of Budget
Institutional Tuition Allocation
3,439,333
49%
Other*
567,801
8%
Student Athletic Fee Allocation Estimated Tuition Waivers**
1,158,754 1,850,000 7,015,888
17% 26%
TOTAL REVENUE 100% *Comprised of entry fees, licensing, royalties, sponsorships, ticket sales, guarantees, camps, and fund balance. **Includes In-state tuition (Athletic Tuition Waiver & West Athletic award) and graduate students Assistantships We recommend the following motion: The Board of Trustees of Central Washington University hereby approves the athletic budget of $7,015,888 for Fiscal Year 2024 as presented. Submitted: Approved for submittal to the Board:
Joel Klucking
Jim Wohlpart
Vice President, Finance & Administration
President
Made with FlippingBook. PDF to flipbook with ease