FY2024 UofL Athletics Financials Have Been Posted

[Guardman]

Here it is:

https://louisville.edu/finance/controller/univacct/finst/ULAAFinStmtFY2024.pdf

A couple of quick observations:

1. Cash on Hand as of June 30, 2024 was QUITE LOW. About $5.5 million.

2. Operating Expenses went up a LOT ... due to VERY BIG increase in salaries, wages and benefits.

3. No one knows the impact of the future final "House" settlement.

4. Revenue Budget for 2025 is $145.0 million.

Read the report.

I will offer more observations next week.

 

[Reecefor3]

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[sccard]

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