Athletic Association
Minutes of the Finance & Budget Committee Meeting of the
University of Louisville Athletic Association, Inc.
In Open Session
Members of the Finance & Budget Committee of the University of Louisville Athletic Association, Inc. met at 12 Noon on Monday, June 5, 2006, in the Jefferson Room of Grawemeyer Hall, with members present and absent as follows:
Present: Mr. Robert Benson, Chairman
Dr. Blaine Hudson
Mr. Burt Deutsch
Mr. D. Harry Jones
Prof. Bruce Kemelgor
Mr. Larry Owsley
Prof. Bob Stenger
Prof. Jerry Tolson
Mr. Greg Virgin
Prof. Elaine O. Wise
Absent: Mr. Grant Helman
Mr. Wade Houston
Mr. Sam Rechter
Other Directors
Present: Prof. Beth Boehm
Ms. Bev Daly
Dr. Henry Enck
Mr. Owsley Frazier
Mr. Gordon Gahm
Prof. Brenda Hart
Mr. Tom Jurich, ex officio
Prof. Glenda Neely
Dr. James Ramsey
Prof. George Raque
Ms. Annette Schnatter
Mr. Mike Seebert
Prof. Richard Stremel
Dr. Shirley Willihnganz
From the
University: Ms. Angela D. Koshewa
Mr. Bill Stone, Trustee
Mr. Mike Curtin
Mr. Kevin Miller
Mr. Gary Friedman
Mr. Kenny Klein
Ms. Kathleen Smith
Ms. Debbie Dougherty
I. Call to Order
Having determined a quorum present, Chair Benson called the meeting to order at 12 Noon.
II. Approval of Minutes
Prof. Wise made a motion, which Mr. Virgin seconded, to approve the minutes of October 7, 2005. The motion passed unanimously.
III. Action Item: Approval of Purchase of Lockers
Mr. Miller explained in March 2006, the Head Football Coach made a request to renovate the football locker room. The approximate cost for the proposed renovation was $175,000. As this was not part of the current year operating budget, the Athletic Director requested the football program provide the funds to cover the expense. An immediate fund raising effort began and cash and pledges were secured by mid-April.
Mr. Miller noted ULAA policy requires board approval of capital expenditures in excess of $100,000. In order for lockers to be installed by August 1, the purchasing process (bidding) had to begin in late April. Mr. Miller said Athletics confirmed cash and pledges to the President’s Office and requested approval to move ahead with Purchasing because of the timeline. Because the ULAA Board meeting for April was canceled, the President discussed the action with the Chair of the Finance Committee and approval was given to bid the lockers subject to final approval by the board. Mr. Virgin made a motion, which Prof. Kemelgor seconded, to approve the
Athletic Director’s recommendation that the Board of Directors approve the funding of locker room renovations for football. The cost of new lockers and carpet is approximately $175,000.
The motion passed unanimously.
IV. Action Item: Approval of Men’s Basketball Season Ticket Prices for 2006
Mr. Miller reported planning for the 2006-07 Budget considered several revenue alternatives. Men’s Basketball will host the following for 2006-07: a) Two Exhibition Games (Bellarmine University and Kentucky Wesleyan); b) One game with Minardi Classic; c) Eight Big East Conference Games; d) Three games in a NCAA Certified Exempt Event to be hosted by Louisville. These games are included in the season package but revenue is designated for the “NABC Classic,” a Certified NCAA Event. Louisville will receive a “guarantee” for participating; and e) Seven non-conference games. Mr. Miller noted the 2006-07 ULAA Annual Budget was developed with the above rates projected in the Proposed Revenue Budget. Prof. Kemelgor made a motion, which Dr. Hudson seconded, to approve the
Athletic Director’s recommendation that the Board of Directors approve for men’s basketball the following season ticket package:
2005-06 2006-07
Exhibition Games $50 (2 @ $25) $52 (2 @ $26)
Regular Games $350 (14 @ $25) $416 (16 @ $26)
Minardi Classic $60 (2 @ $30) $30 (1 @ $30)
NCAA Exempt Event $90 (3 @ $30) $96 (3 @ $32)
Total $550 $594
The motion passed unanimously.
V. Action Item: Approval of Purchase of Bus/Transportation
Mr. Miller reported the Athletic Department utilizes two buses to transport teams locally. Inventory includes: (a) 1977 MCI, 47-passenger, and (b) 1988 Ford, 28-passenger. The buses are used for airport transfers, local transportation between facilities and transportation for track and rowing to practice in surrounding counties. Both buses need to be replaced.
The proposal includes two 2006 Chevrolet/Starcraft, 32-passenger vehicles with storage. Buses will be used in the same manner as presented plus possible team use within 150 mile radius of Louisville. Cost for two new buses is approximately $150,000.
Mr. Miller further noted in addition to above, Athletics is discussing possible lease/purchase agreement for a 47-passenger bus ($100,000) to be used as described earlier. With increased needs for travel and practice in this area, Athletics prefers to keep teams (with squad sizes in excess of 8-10) traveling together via bus as opposed to multi-van transportation. Prof.Wise made a motion, which Mr. Jones seconded, to approve the
Athletic Director’s recommendation that the Board of Directors approve the funding of two new buses and possible lease/purchase of a third bus. The cost for these items is approximately $250,000.
The motion passed unanimously.
VI. Information Item: 2005-06 Budget Analysis
Mr. Miller reviewed the 2005-06 budget analysis. A copy of the budget analysis is attached.
VII. Action Item: Approval of 2006-07 Operating Budget
Chairman Benson noted the Finance & Budget Committee thoroughly reviewed the 2006-07 Operating Budget at its recent workshop. Mr. Miller shared highlights of the projected budget. Mr. Deutsch made a motion, which Prof. Kemelgor seconded, to approve the
Athletic Director’s recommendation that the Board of Directors approve the 2006-07 Operating Budget for the University of Louisville Athletic Association, Inc., in the form attached.
The motion passed unanimously.
VIII. Other Business
There was no other business.
IX. Adjournment
Mr. Virgin made a motion, which Prof. Kemelgor seconded, to adjourn the meeting at 12:20 p.m. The motion passed unanimously.
