ATHLETIC BUDGET DEFICIT LAST YEAR SHOWN BY REPORT
But Greater Guarantees to Visiting Teams Cut Into Increase -- Football Alone Shows Profit
Athletic Report Highlights
1. Despite increased receipts, H.A.A. has a deficit for fiscal year ending last June.
2. Football again was the only sport that was profitable, earning $268,14.27.
After showing large surpluses on 1935 and 1936, the Athletic Association budget slipped into the red ink column with a deficit of $758.61 for the year ending June 30, 1937.
The figures appeared in a statement included in the annual report of Henry L. Shattuck '01, Treasurer of the College. Total receipts of the H.A.A. for the 1936-37 academic year rose to $564,571.09, an increase of $44,397.47 over the 1935-36 income. But the difference was not pure gain, since guarantees paid to visiting teams climbed to $174,015.15 from $139,303.65 last year, cutting into the increased intake.
$9,685.97 more was available for athletics last year than in 1935-36 when the H.A.A. had $380,869.97 at its disposal.
Football Alone Profitable
Varsity football again was the only sport to pay dividends, with a net income, after guarantees to visiting teams had been deducted, of $268,164.27 and expenses of $72,807.11. Both receipts and expenses were lower in 1935-36, when net income was $260,003.39, and expenses $68,366.81.
Last year the Athletic Association was relieved of the burden of supporting compulsory physical education for Freshmen, an item amounting of $25,483.54, by the College.
Surpluses in 1935-36 and 1934-35 were $4,746.59 and $2,306.18 respectively.