There’s good news on the ledger book for the Auburn Athletic Department. According to a letter to fans posted on-line from athletic director Jay Jacobs, the department recorded record revenues of $137 million in Fiscal Year 2016.
“Auburn Athletics finished Fiscal Year 2016 with record revenues of $137 million and an operating surplus of $13 million,” Jacobs wrote. “Revenue for the year exceeded budget expectations by almost $9 million. This strong financial performance enabled us to transfer $7.5 million to deferred maintenance for future projects.”
Much of this revenue is spent on facilities, providing the best places for Auburn student-athletes to train, practice and compete as Jacobs points out.