October 11th, 2017 | by CollegeAD

The Iowa Board of Regents released its annual fiscal report for 2017 on Wednesday, including those for the athletic departments of the three state schools. The University of Iowa athletic department saw a total income of just more than $115 million, which was $2 million higher than the estimated total released with the 2018 budget in July. The UI athletic department, which is self-sustaining and not reliant on university funds, saw increases in Big Ten Conference money, foundation support, premium seat revenue and general income. The Big Ten Conference money increased from $34.3 million to $36.1 million, but according to the 2018 budget released in July, that number was set at $50.4 million for next year. The 2017 report indicated the increase to $36.1 million was due to additional bowl income distributions. The report said the foundation support was higher than budgeted due to additional income from scholarship endowments. – Jeremiah Davis, thegazette.comRead More

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