University of Michigan athletic department: $4 million surplus for 2023 fiscal year

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University of Michigan athletic department: $4 million surplus for 2023 fiscal year

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The University of Michigan athletic department reported a $4 million operating surplus for the 2022-23 fiscal year, according to a financial report obtained by USA TODAY.

The department created $229,561,279 in operating revenues compared to $225,548,280 in expenses for the fiscal year from July 1, 2022, to June 30, 2023., the most in a single year.

It's the second time U-M has exceed $200 million (without adjusting for inflation) in annual operating revenue in one year — the only other occasion was last year, when U-M set a previous high at $210,652,287.
https://www.freep.com/story/sports/coll ... 410485007/
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