Wright State University’s Men’s and Women’s swimming and diving teams will be cut to generate $500,000 in savings.

Wright State releases athletics budgets to explain funding increase

Wright State University today released an addendum to its budget remediation plan from a week ago that details athletics spending and funding since 2013.

The six-year snapshot of athletics funding and spending is WSU’s attempt to clarify why the department will get more funding as layoffs and budget cuts are being made across campus, a spokesman said.

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If the budget proposal is approved by trustees on June 8, athletics could get a $1.6 million boost in budgeted funding in fiscal year 2018. That would bring athletics’ total university support to more than $10.1 million next year, up from $7.7 million in 2013, according to the document.

Wright State announced budget cuts on May 19.

Despite the funding increase, athletics spending is projected to be $202,448 less than this year. Part of that savings comes from the elimination of WSU’s men’s and women’s swimming and diving teams, which eliminated about $500,000 in expenses.

While WSU’s budget for athletics could increase, other revenue sources are projected to decline next year by $193,943, according to the snapshot. If the revenue projection is correct, since 2016 athletics will have seen a more than $430,000 decline in revenue from sources other than WSU itself.

RELATED: Wright State hits its ‘low point’ with announcement of layoffs, budget cuts

Officials have said previous athletics budgets were not realistic. This new budget for athletics gives the department “a budget we can hold them accountable to,” Doug Fecher, vice chairman of the board of trustees said last week.

Wright State is attempting to correct years of overspending by slashing $25 million from its upcoming budget while boosting reserves by $5 million. The university announced last week that it will likely lay off around 71 employees and eliminate about 107 vacant positions.

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