Indiana University Athletic Department Finances

In a recent article in the Indy Star, there is a question regarding Indiana University's recent release of a $13 million athletic department surplus (last line in the Table below) from IU's MFRS reports.

A classic example of "everybody's broke": https://t.co/VnVXMaPSRq

"The vast majority of that [surplus]... gets eaten up in our expenditures on capital projects. In essence, there is no surplus. We’re pretty much spending all the revenue and the resources we accumulate."

— Andy Schwarz (@andyhre) January 25, 2020

Here is a longer view of Indiana University's athletic department's total revenue, total expenses, the surplus/deficit and debt service.

AY	FY		Total Revenue		Total Exp.		Surplus/Deficit		Ath. Debt Service
2004	2005		$37,968,912		$38,805,232		-$836,320		$0
2005	2006		$41,508,845		$41,434,508		$74,337		$0
2006	2007		$46,425,225		$43,212,993		$3,212,232		$7,290,541
2007	2008		$57,155,333		$50,920,826		$6,234,507		$771,000
2008	2009		$61,136,237		$55,652,636		$5,483,601		$3,316,000
2009	2010		$69,287,811		$65,796,415		$3,491,396		$3,321,000
2010	2011		$71,017,355		$69,314,511		$1,702,844		$3,325,000
2011	2012		$72,973,954		$69,915,060		$3,058,894		$3,841,000
2012	2013		$76,660,265		$72,597,053		$4,063,212		$4,424,805
2013	2014		$84,668,779		$80,386,732		$4,282,047		$4,428,448
2014	2015		$88,362,421		$88,330,530		$31,891		$4,651,886
2015	2016		$95,216,762		$94,190,256		$1,026,506		$6,007,186
2016	2017		$106,139,192		$106,131,819		$7,373		$6,863,227
2017	2018		$122,933,136		$116,277,652		$6,655,484		$9,157,519
2018	2019		$127,832,628		$114,822,135		$13,010,493		$9,230,540

For those who prefer a visual of this data, see below.