The Michigan Athletic Department presented some good news to the
University’s Board of Regents this week. The department told
the board, which has spent most of the last two years struggling
with budget issues and threats of government funding cuts, that it
is operating with a $2.4 million surplus for the fiscal year ending
June 30, 2005.

When compared to the previous year which ended June 30, 2004,
the year seems a slow one for Michigan. Last year, the department
operated with an $8 million surplus thanks to seven home games,
license revenue and donations. The difference between 2004 and 2005
is primarily attributed to one less home football game on the
schedule for the upcoming season.

The $59 million budget, a one-percent hike over last year, along
with the surplus will go towards improving facilities and
projects.

— Ryan Sosin

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