The National Collegiate Athletic Association  
   
Division III 6-Year Projection  
   
  Approved Approved Actual Approved Actual Budget Preliminary 1997-98 1997-98 1998-99   1999-2000 1999-2000 2001-2002 2001-2002          
  Budget Budget Revenues/Exp. Budget Revenues/Exp. (Note 2) Budget Actual Difference Approved 1998-99 Approved Additional  Preliminary New          
  (Note 1) Budget Actual Budget CBS Bonus Pmt. Budget Initiatives   2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010   2010-2011 2011-2012 2012-2013
         
NCAA Operating Revenue ####### ####### ####### ####### ####### ####### ####### ####### #######   #######      
         
Revenue:        
  Division III 3.18% Revenue Allocation ####### ####### ####### ####### ####### ####### ####### ####### #######   ####### #######[1] #######         15,445,000         16,571,000          17,826,000         19,152,000           20,575,000         22,127,000   ####### ####### #######
         
Expenses:        
Total Championships Expense #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! ####### #######   ####### ####### #######         11,637,480         13,777,083          14,647,270         15,223,265           15,822,300         16,445,296   ####### ####### #######
Total Program Expenses #REF! #REF!   #REF! ####### #######           4,258,220           4,077,000            4,077,000           4,077,000             4,077,000           4,077,000   ####### ####### #######
Total Division III Expenses #REF! #REF! #REF!   #REF!   #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! ####### #######   ####### ####### #######         15,895,700         17,854,083          18,724,270         19,300,265           19,899,300         20,522,296   ####### ####### #######
  Net Change in Fund Balance #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!   ####### ####### #######             (450,700)          (1,283,083)             (898,270)             (148,265)                675,700           1,604,704   ####### ####### #######
                                                                                                       
         
  #REF! #REF! #REF! #REF! #REF! #REF! #REF!            
Beginning Fund Balance (Projected Reserve and Unallocated Funds) #REF! ####### #######           -   #######   ####### ####### #######  $       8,645,393  $       8,194,693  $        6,911,610  $       6,013,339  $         5,865,075  $       6,540,775   ####### ####### #######
Less:        
  Net Change in Fund Balance #######   ####### #######[2] ####### (450,700) (1,283,083) (898,270) (148,265) 675,700 1,604,704   ####### ####### #######
Ending Fund Balance (Projected Reserve and Unallocated Funds)   ####### ####### #######  $       8,194,693  $       6,911,610  $        6,013,339  $       5,865,075  $         6,540,775  $       8,145,479   ####### ####### #######
                                                                                                       
         
Mandated Reserve Balance (35% of Revenue Allocation)   ####### ####### #######  $       5,405,750  $       5,799,850  $        6,239,100  $       6,703,200  $         7,201,250  $       7,744,450   ####### ####### #######
  Mandated Reserve (Note 3)   ####### ####### $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000  
  Including the following contingencies:        
  Championship Contingency (Note 4)   ####### #######              500,000              500,000               500,000              500,000                500,000              500,000  
  Future of Division III Contingency (Note 5)   ####### #######              154,000              154,000    
         
Funds Available Less Mandated Reserve (Note 6)   $12,106,303 $8,878,414 $11,686,254  
         
                                                                                                         
     
     
   
Note 1: The championships budget increases each year based on 4% inflation.  
Note 2: The budgets beyond 2005-06 have not yet been approved.  
Note 3: During the budget cycle of 2002-04, the reserve shall not fall below 15% of the revenue allocation.  During the budget cycle of  2004-06, the reserve shall not fall below $1,500,000.  
Note 4: The Championships Contingency fund was created to support year-end championships budget shortfalls.  It is not included in the championships base budget or the total Division III budget, but is a portion of the overall Mandated Reserve that has been allocated to championships.  Only the unused portions of this contingency will roll over into the next year.  
Note 5: The Future of Division III Contingency was created to cover any costs that might arise in enhancing the future of Division III.  It is not included in the total Division III budget, but is a portion of the overall Mandated Reserve that has been earmarked for this purpose.  Only the unused portions of this contingency will roll over into the next year.  In 2002-03 and 2003-04, $23,000 was used each year towards the Future of Division III, resulting in a decrease to the amount of the contingency in 2004-05.  
Note 6: The Funds Available balance is figured on the ending fund balance for both years in the two-year budget cycle less the mandated reserve for those same two years.  
                                                                                                       
Championship Budget Inclusions:
2004-05: $201,000 New championhsip initiatives 
2005-06: $1,500,000 Team AQ Enhancements
$28,000 Men's Ice Hockey initiative 
2006-07: $329,000 AQ Enhancements for Tennis and Golf
   
[1]
baltstadt:
used rev. from Revised 02-03 Budget Prepared for Executive Committee
[2]
baltstadt:
off by $9 from intranet due to effects of rounding