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MS Valley State's Budget Falls to $3.3M, Other Schools Rise
Mississippi State and Ole Miss will each spend about four percent more on athletics than they did a year ago, according to athletic department budgets approved Wednesday by the state College Board.
Ole Miss has the larger of the two totals, checking in with a projected $43.7 million. Mississippi State’s 2010-11 budget is $37.4 million. Both budgets are among the smallest in the Southeastern Conference.
Southern Miss projects a $19.7 million budget, up 2.3 percent from last year.
Jackson State’s $6.8 million, which increased by 3.3 percent, is the largest of the state’s three Southwestern Athletic Conference teams.
Budgets didn’t rise everywhere, though. Mississippi Valley State’s $3.3 million budget is 20 percent less than last year’s edition. Alcorn State’s $5.3 million budget stayed basically the same.
Division II school Delta State has the smallest budget, at $2.7 million. That’s down 2.5 percent from last year.
None of the budget figures include private funds, used by the larger schools mostly to supplement coaches’ salaries. In 2009-10, UM was estimated to have added about $8 million to its annual budget from its UMAA Foundation; MSU was estimated to have added about $5 million from its two private foundations.
The board approved the athletic budgets of all seven of Mississippi’s public universities with athletic programs at its meeting in Cleveland Wednesday, board spokesperson Leah Rupp Smith said. Collectively, Mississippi schools will spend $118.9 million on athletics in 2010-11.
Across the board, 78 percent of that funding is generated by the departments. Schools provide the rest in the form of student fees and general fund transfers.
College Board policy limits those transfers to $1 million at UM, MSU and Southern Miss and $1.3 million at Jackson State, Alcorn State, Mississippi Valley State and Delta State.
State and Ole Miss are both about 90 percent self-sufficient. JSU, ASU, DSU and MVSU each receive their max of $1.3 million annually.
By Kyle Veazey • email@example.com • June 17, 2010