This is the annual update of the Virginia Tech Athletics
financial information for the year ended June 30, 2010. As noted in past
reports, the following standard caveats and comments are made:
- The 2010 data includes the 2009 football season and the 2009/2010 basketball season.
- There can be various differences between current and prior year numbers within the same school, depending on how the school chooses to present its reports. Contributions reported will not agree to the annual information reports from the athletic fund raising numbers primarily because only the application of those amounts are presented. If the funds are not expended, they are generally not reported in the NCAA reports.
As in prior years, the information for Virginia Tech and UVA is derived from the published NCAA reports on the Virginia Auditor of Public Accounts web site. I have also included with this report summary information from the same source for Virginia Commonwealth University (VCU). Information from the U.S. Government's Office of Postsecondary Education (OPE) (located at http://ope.ed.gov/athletics/) has been reviewed for Virginia Tech and Virginia in order to determine if there are significant items and comments on those reports that may be useful. Other than VCU, I have not included other Virginia schools this year because their information is generally not relevant to the Virginia Tech and UVA information. Also, the OPE reports are not supposed to reflect debt service (principal and interest). Virginia Tech's info in the OPE report does not reflect debt service, but UVA's appears to report debt service - I am not sure why there is a reporting difference.