K-State Athletics, Inc., produced a balanced budget in fiscal year 2016 and achieved a surplus for the seventh consecutive year while also setting a new cash contributions record through the Ahearn Fund annual giving program.
Athletic director John Currie announced the surplus in a letter on Friday.
In the midst of a transformational time for intercollegiate athletics, which includes many prominent schools across the country recently reporting annual operating deficits and ballooning debt, the collective support of nearly K-State friends and alumni across the country and around the world has enabled the department to experience among the most successful seven-year periods in its history while completing $210 million in athletics facility upgrades in a fiscally responsible manner.