This is the 2007 (or in financial terms, the 2006) update of my article on
Virginia Tech Athletic financial information that ran on TechSideline.com in
late March, 2006. Many folks have requested an update to last year's
information. This latest version contains financial numbers that reflect the
2005 football season and 2005/2006 basketball season. The numbers continue to
paint a picture of an athletic department that has grown rapidly and is run in a
fiscally responsible fashion.
Before we get to the numbers, some information about the various reports:
Some of the numbers contained herein, particularly contributions, are difficult
to reconcile to published reports of fund raising results from Virginia Tech and
U. Va. The numbers published here are from the NCAA reports of the various
schools and do not necessarily reflect actual numbers that might be reported in
the audited GAAP (generally accepted accounting principles) basis financial
reports that are issued annually by the various Virginia schools.