It has been revealed that the University of Texas recorded school-high figures for operating revenue and operating expenses in 2012-13, according to a report from USA Today and Indiana University's National Sports Journalism Center.
According to the school's financial report to the NCAA, Texas recorded $165.7 million in revenue and $146.8 million in expenses, both of which are records for the institution and a $2.4 million increase in revenue and an $8.5 million increase in expenses from the previous year.
Texas' athletics department is among the few nationally that gets no revenue from student fees or institutional or state sources. The department even transferred $9.2 million of its 2012-13 operating surplus to the university.
However The Longorns' donations have gone down to $37.4 million in 2012-13. These contributions though are still greater than the total operating revenue that all but about 65 Division I public school athletics programs had in 2011-12.
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