Oct. 15, 2011
KNOXVILLE - The University of Tennessee Athletics Board met on Saturday morning and was presented with updates regarding student-athlete academic accomplishments and the current status of several items related to the operation of UT Athletics.
The meeting began with welcoming remarks from Chancellor Jimmy G. Cheek and an introduction of Vice Chancellor/Director of Athletics Dave Hart.
The meeting included a comprehensive discussion of the recent academic accomplishments of University of Tennessee student-athletes, the highlights of which include:
The UTAD budget, which was $101.5 million for fiscal year 2011, was also discussed. UTAD, which is one of less than 10 departments in the nation that receives no funding from state subsidies, taxes, or tuition dollars, experienced a surplus of $5,783,905.80. The financial management success of the department allowed for a net cash payment of $5.769 million to the University, including $2.825 million in Chancellor's discretionary funds, $1.375 million for student academic scholarships, and $1.125 million in annual debt service on five University parking garages.
Included in this contribution was also a $1 million transfer from UT Athletics to the University from the new SEC television contract, including $800,000 for graduate fellowships throughout campus, $100,000 for the Student Success Center, and $100,000 for the Teaching and Learning Center.
UTAD also experienced a banner year in development, as the Tennessee Fund reported $45,848,711 in total giving, a school record for Tennessee - an increase of approximately $2.4 million from the previous year's total of $43.44 million. The Tennessee Fund supports athletic scholarships as well as other UT Athletics operations, including such items as academic support, strength and conditioning, athletic training, recruiting, and academic scholarships for non-student athletes.