PENN STATE

September 14th, 2018 | by CollegeAD
PENN STATE
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Penn State Intercollegiate Athletics continues to experience revenue growth, with a stabilized budget and increased reserve balance, according to Director of Athletics Sandy Barbour, who presented today (Sept. 13) to the Board of Trustees Committee on Finance, Business and Capital Planning. Through a combination of investment strategies, expense reduction initiatives and a steady climb in both overall traditional and new revenues, ICA had built a reserve balance to approximately $13.1 million as fiscal year 2018 concluded. Barbour referenced that in the ICA budget projections over the next five years, $4 million will be held and designated for the priority projects outlined in the facilities master plan. Read More.

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