Georgia Athletics Releases Fiscal Year 2022 NCAA Financial Report
February 08, 2023 | General
ATHENS, Ga. — The University of Georgia Athletic Association has released details of its fiscal year 2022 NCAA Membership Financial Report.
"The commitment of our donors and fans as well as coaches, staff, student-athletes, and the Southeastern Conference remained strong in fiscal year 2022. As we have stated many times, our goal is to compete for championships and postseason success in each of our 21 sports, which is not possible without the tremendous support of Bulldog Nation," J. Reid Parker Director of Athletics Josh Brooks said.
The University of Georgia Athletic Association finished the 2022 fiscal year on firm financial footing. Several revenue categories exceeded budget projections, which was driven by the 2021 football national championship. Georgia's total operating revenue for fiscal year 2022 (July 2021 through June 2022) was reported as $203,048,566, while operating expenses were reported as $169,026,503.
Not included in those operating expenses, as defined by the NCAA Financial Report, are capital project expenditures ($25,735,280), UGAAA's contribution to the University of Georgia ($4,500,000) and investment loss ($3,499,431). The total of those three categories amounts to $33,734,711. Adding these three categories to reported operating expenses of $169,026,503 brings total expenses to $202,761,214, yielding an overall surplus of $287,352 in fiscal year 2022.
"It is important to remember that information submitted in this report does not capture all financial information included in our audited financial statements," Brooks said. "That said, we are proud of the operating results of fiscal year 2022 and our continued strong financial position thanks to the collective effort within our department and the unwavering support of Bulldog Nation."
