Florida State’s athletics department reported a budget surplus for the second consecutive year.
The Seminoles listed $161.1 million in operating revenue during the 2022 fiscal year (July 1, 2021-June 30, 2022) while operating expenses were $150.7 million, resulting in a $10.364 million surplus, according to the most recent annual NCAA financial report obtained by the Sentinel through a public records request.
It’s the highest revenue figures since 2017-18, when the department reported $168 million in revenue.
FSU reported a $7.81 million surplus in 2021, partly because of the department’s cost-cutting measures during the coronavirus pandemic.