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Athletic Association

by Bendl,Kurt last modified Jan 21, 2010 04:47 AM


MINUTES OF THE MEETING OF THE FINANCE & BUDGET COMMITTEE OF THE UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION, INC.

In Open Session

The members of the Finance and Budget Committee of the University of Louisville Athletic Association met on June 3, 2005, in the Jefferson Room of Grawemeyer Hall with members present and absent as follows:

Present:          
Bob Benson, Treasurer
Mr. Burt Deutsch
Prof. Rick Feldhoff
Dr. Blane Hudson
Mr. Wade Houston
Mr. D. Harry Jones
Prof. Bruce Kemelgor
Mr. Larry Owsley
Prof. Robert Stenger
Prof. Elaine Wise

Absent:           
Ms. Rebecca Jo Schneider
Mr. Sam Rechter

Other Directors
Present:
Dr. James Ramsey, Chair
Prof. Beth Boehm
Prof. William Cheadle
Ms. Bev Daly
Mr. Gordon Gahm
Prof. Brenda Hart
Mr. Tom Jurich, ex officio
Prof. Glenda Neely
Mr. Larry Owsley
Mr. Mike Seebert
Prof. Robert Stenger
Prof. Richard Stremel
Dr. Shirley Willihnganz

From the
University:
Ms. Angela D. Koshewa
Mr. Mike Curtin
Mr. Kevin Miller
Ms. Julie Hermann
Mr. Gary Friedman
Mr. Kenny Klein
Mr. Terry Valetta
Ms. Susan Ingram
Ms. Kathleen Smith
Ms. Debbie Dougherty

I.          Call to Order

Having determined a quorum present, Benson called the meeting to order at 8:30 a.m.

II.         Approval of Minutes

Prof. Stenger made a motion, which Mr. Jones seconded to approve the minutes of January 28, 2005.  The minutes were approved unanimously.

III.       Action Item:  Approval of Men’s Basketball Season Ticket Prices for 2005

During the budget planning for the 2005-06, Mr. Miller considered several revenue alternatives.   The 2005-06 ULAA Annual Budget depended upon the rates projected in the Proposed Revenue Budget.   He noted the men’s basketball will host the following for 2005-06:

  1. Two Exhibition Games (Bellarmine University and University of Southern
                      Indiana).
  2. Two games with Minardi Classic.
  3. Eight Big East Conference Games.
  4. Three games in a NCAA Certified Exempt Event that will be hosted by

                  Louisville. These games are included in the season subscription but
                  revenue is designated for the “Colonial Classic”, a Certified NCAA
                  Event.  Louisville will receive a “guarantee” for participating.

  1. Six non-conference games.

Mr. Deutsch made a motion, which Prof. Stenger seconded, to approve the

Athletic Director’s recommendation that the Board of Directors approve for Men’s Basketball the following season ticket package:

                                                   2004-05                                  2005-06

Regular Games                      $391 (17 @ $23)                  $400 (16 @ $25)
Minardi Classic                      $60 (2 @ $30)                        $60 (2 @ $30)
NCAA Exempt Event                N/A                                     $90 (3 @ $30)
            Total                           $451                                        $550
           
            The motion passed unanimously.

IV.       Action Item:  Approval of Purchase of Video-Editing Systems for Football

Mr. Miller reported the video-editing system will provide all teams an expedited opportunity to review practice sessions and game analysis.  Advantages of this equipment will affect scouting and teaching, both individualized and team.  The coaches will be able to breakdown specific plays for analysis purposes. Specific needs for this system include:

  1. New hardware costs ($101,300). This includes Network, Game Day and Exchange Hardware.
  2. Installation ($5,000)
  3. Software ($21,200)
  4. Support ($25,000)

 

Mr. Miller said annual costs for software and support in years 2-5 will be approximately $45,000.   He noted the DVSport Network will increase overall functionality, ease of work, and time savings involved with the mandatory Big East Exchange (direct uploads to network for “ready to watch,” no capture and marking necessary.) It also allows practice video to integrate with the network at a faster speed.  He summarized other benefits:

  1. The computer technology would be updated. Coaches would be able to take advantage of latest computer hardware.
  2. The speed at which this system allows football staff to analyze opponent’s games will make the most efficient use of their time. 
  3. Each computer can edit and analyze instead of using different computers for each activity.
  4. Additional storage will eliminate any need to discard game footage that might be needed later.
  5. Football will be able to review game video on same day.    

 

Mr. Miller explained the funding for this equipment: 

  1. Eliminates license fee for current system; the amount is budgeted in 2005-06 at $46,500 is for new purchase.
  2. Also, the needed upgrade to current system to meet criteria of Big East is $21,000, which is now budgeted for new system.

 

He noted the balance of funds will come from funds generated by Louisville’s participation in the 2004 Liberty Bowl. (approximately $85,000 of the $470,000 surplus funds.)  Prof. Kemelgor made a motion, which Prof. Feldhoff seconded, to approve the

Athletic Director’s recommendation that the Board of Directors approve the funding of video-editing systems for football. The cost of equipping football is approximately $152,500.

            The motion passed unanimously.

V.        Information Item:  2004-05 Budget Analysis

Mr. Miller reported the 2004-05 budget remained in balance, noting that Football exceeded its revenue projections.  The Liberty Bowl generated a positive revenue position.  Mr. Deutsch and Prof. Stenger commended Mr. Miller and the Athletics staff for a job well done.  Mr. Miller noted the financial planning involved in preparing the budget, and the extensive discussion at the recent budget workshop were very helpful.  Mr. Miller also recapped expenses for 2004-05.  Chairman Benson thanked Mr. Miller for an excellent update.

VI.       Action Item:  Approval of 2005-06 Operating Budget

Chairman Benson noted the Finance & Budget Committee thoroughly reviewed the 2005-06 Operating Budget at its recent workshop.  Mr. Miller shared highlights of the projected budget.  Mr. Deutsch made a motion, which Mr. Houston seconded, to approve the

Athletic Director’s recommendation that the Board of Directors
approve the 2005-2006 Operating Budget for the University of Louisville Athletic Association, Inc. in the form attached.

            The motion passed unanimously.

VII.      Adjournment

Prof. Feldhoff made a motion, which Prof. Stenger seconded to adjourn the meting at 9:00 a.m.  The motion passed unanimously.


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