The Washington State University system implemented a three-year fiscal health restoration plan for the institution in fiscal year 2018. As a part of that effort, WSU Athletics developed a targeted plan to ensure that it will return to an operating breakeven position by FY2023. The Athletics plan also ensures that WSU is fully compliant with RCW 28B.15.120. This statute requires that the Washington State University Board of Regents specifically approve, in an open public meeting, (1) the annual budget for the Athletics program; (2) the plan for reducing the Athletics operating deficit in future fiscal years; and (3) any transfers necessary at FY19 year-end to cover the deficit balance. In addition, the statute requires the Board to conspicuously post to the University’s website the financial statements of the Athletic program for the three prior fiscal years, as well as the plan for reducing the Athletics operating deficit in future fiscal years.

Athletics Operating Results FY2016-2018

($M)	Actual FY2016	Actual FY2017	Actual FY2018
REVENUES:
01 - Ticket Sales	5.5	7.7	8.4
02 - Direct State/Gov Support	-	-	-
03 - Student Fees	0.8	1.6	1.6
04 - Direct Inst. Support	3.7	3.3	3.5
05 - Less Xfer to Inst	-	-	-
06 - Indirect Inst. Support	0.4	0.4	0.3
06A - Debt Service, Lease, Rentals	-	-	-
07 - Guarantee Revenue	0.3	0.3	-
08 - Contributions	7.6	8.1	9.1
09 - In-Kind	0.1	0.1	0.2
10 - 3rd Party Compensation	-	-	-
11 - Media Rights	17.9	18.8	19.8
12 - NCAA Distribution	1.3	3.2	1.4
13 - Conference Distribution	9.4	10.7	10.7
14 - Program/Concessions etc	0.2	0.9	1.0
15 - Royalties/Advert. etc	6.3	4.4	4.4
16 - Sport Camp Revenue	0.4	0.4	0.3
17 - Endowments	0.6	0.6	0.7
18 - Other Revenue	2.1	1.4	1.2
19 - Bowl Revenue	1.9	2.4	2.4
Total Revenue	58.8	64.3	65.1
EXPENSES:
20 - Athletic Aid	11.0	10.7	10.8
21 - Guarantee Expense	1.7	1.6	1.7
22 - Coaches Comp: WSU	11.7	11.8	12.8
23 - Coaches Comp: 3rd Party	-	-	-
24 - Admin Comp: WSU	12.8	13.4	13.3
25 - Admin Comp: 3rd Party	-	-	-
26 - Severence	0.0	0.1	1.1
27 - Recruiting	1.1	1.2	1.3
28 - Team Travel	4.0	4.1	4.1
29 - Equipment	3.0	2.0	2.2
30 - Game Expenses	1.6	1.8	2.0
31 - Fund Raising/Marketing	2.4	2.2	2.0
32 - Sport Camp Expense	0.3	0.3	0.3
33 - Spirit Groups	0.2	0.2	0.2
34 - Facilities: Debt/Lease/Rental	9.7	9.3	9.2
35 - Direct Admin Expense	2.3	2.4	2.0
36 - Indirect Inst. Support	0.4	0.4	0.3
37 - Medical/Insurance	1.0	0.8	0.8
38 - Dues & Memberships	1.8	1.7	2.1
39 - Student-Athlete meals	0.8	1.0	1.1
40 - Other Expense	4.1	4.9	4.6
41 - Bowl Expenses	1.7	1.9	1.5
41A - Coaches Bowl Bonuses	-	-	0.4
Total Expenses	71.7	71.8	73.8
Net Income from Operations	(12.9)	(7.5)	(8.7)
56-Capitalized Expenses		1.0	2.7
Net Income after Capitalized Epenses		(8.5)	(11.4)
Accumulated Deficit	(49.4)	(57.9)	(69.3)

Current FY2019 Projected Results
Future Budget Projections FY2019 – FY2024

($M)	Estimated FY2019	Projected FY2020	Projected FY2021	Projected FY2022	Projected FY2023	Projected FY2024
Revenues:
01 - Ticket Sales	9.4	8.6	10.7	11.0	12.0	11.1
02 - Direct State/Gov Support	-	-	-	-	-	-
03 - Student Fees	1.5	1.5	1.4	1.4	1.4	1.3
04 - Direct Inst. Support	3.7	3.7	3.8	3.9	4.0	4.1
05 - Less Xfer to Inst.	-	-	-	-	-	-
06 - Indirect Inst. Support	0.4	0.4	0.4	0.4	0.4	0.5
06A - Debt Service, Lease, Rentals	-	-	-	-	-
07 - Guarantee Revenue	0.3	0.1	0.2	-	0.3	0.3
08 - Contributions	8.7	10.7	11.3	11.1	11.6	11.2
09 - In-Kind	1.6	1.6	1.6	1.6	1.6	1.6
10 - 3rd Party Compensation	-	-	-	-	-	-
11 - Media Rights	20.8	21.9	23.0	24.2	25.5	26.7
12 - NCAA Distribution	1.4	1.5	1.6	1.6	1.7	1.7
13 - Conference Distribution	12.0	12.1	12.1	12.8	13.0	13.3
14 - Program/Concessions etc.	1.1	1.1	1.5	1.6	1.7	1.8
15 - Royalties/Advert. etc.	3.1	3.2	4.5	5.0	5.2	5.3
16 - Sport Camp Revenue	0.3	0.3	0.3	0.3	0.3	0.3
17 - Endowments	0.6	0.6	0.7	0.7	0.7	0.7
18 - Other Revenue	1.6	2.0	2.5	2.5	2.6	2.5
19 - Bowl Revenue	2.5	2.6	2.7	2.8	2.9	3.0
Total Revenue	69.1	72.1	78.6	81.0	84.9	85.5
EXPENSES:
20 - Athletic Aid	11.1	11.0	11.7	12.0	12.3	12.6
21 - Guarantee Expense	1.7	1.8	1.3	1.8	1.6	1.5
22 - Coaches Comp: WSU	13.8	14.3	15.4	14.8	14.9	14.9
23 - Coaches Comp: 3rd Party	-	-	-	-	-	-
24 - Admin Comp: WSU	14.4	14.9	15.0	15.2	15.5	15.7
25 - Admin Comp: 3rd Party	-	-	-	-	-	-
26 - Severence	0.5	1.7	1.5	1.1	-	-
27 - Recruiting	1.5	1.6	1.6	1.6	1.7	1.7
28 - Team Travel	4.4	4.7	4.7	4.8	4.9	5.2
29 - Equipment	2.0	2.2	2.2	2.3	2.5	2.7
30 - Game Expenses	2.5	2.5	2.7	2.7	2.8	2.6
31 - Fund Raising/Marketing	2.5	2.4	2.5	2.6	2.6	2.7
32 - Sport Camp Expense	0.3	0.3	0.3	0.3	0.3	-
33 - Spirit Groups	0.2	0.2	0.2	0.2	0.2	0.2
34 - Facilities: Debt/Lease/Rental	9.2	9.6	10.0	10.0	10.0	10.0
35 - Direct Admin Expense	1.7	2.0	2.1	2.1	2.2	2.2
36 - Indirect Inst. Support	0.4	0.4	0.4	0.4	0.4	-
37 - Medical/Insurance	0.9	0.9	0.9	0.9	1.0	1.0
38 - Dues & Memberships	2.3	2.4	2.5	2.6	2.7	2.8
39 - Student-Athlete meals	1.0	1.0	1.0	1.0	1.0	1.1
40 - Other Expense	4.5	4.9	4.8	4.9	5.1	5.2
41 - Bowl Expenses	2.3	2.1	2.2	2.3	2.4	2.5
41A - Coaches Bowl Bonuses	0.5	0.5	0.5	0.5	0.5	0.5
Total Expenses	77.7	81.4	83.5	84.3	84.7	85.2
Net Income from Operations	(8.6)	(9.3)	(5.0)	(3.2)	0.3	0.3
56-Capitalized Expenses	0.6	6.7	0.3	0.0	-	-
Net Income after Capitalized Expenses	(9.2)	(16.0)	(5.3)	(3.3)	0.3	0.3
Accumulated Deficit	(78.4)	(94.4)	(99.7)	(103.0)	(102.7)	(102.5)