After positing three consecutive years of financial losses from 2012 to 2014, the Colorado athletic department balanced its budget for the second year in a row during the 2016 fiscal year, which came to a close in June.
"That was one of the missions of the strategic plan, so we were able to accomplish that," said Cory Hilliard, associate athletic director/business operations and chief financial officer. "We budgeted responsibly, which was key, and things relatively went as planned, with the exceptions being mostly positive."
Some of those exceptions included a jump of roughly $2.33 million in conference distribution — taking in nearly $26.