Update on Athletic Program Budgets UNLV, UNR and CSN

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Update on Athletic Program s UNLV, UNR and CSN Presentation to Board of Regents November 2018 1 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 1 of 11

UNLV Department of Intercollegiate Athletics Dr. Marta Meana, Acting President 2 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 2 of 11

UNLV Athletic Department Summary Revenue Sources FY 18 FY 19 Variance Actual Explanations Intercollegiate Athletics State Appropriation $ 7,839,888 $ 7,840,730 $ 842 $ 7,881,010 Intercollegiate Internal Revenue incl. ticket Sales $ 16,165,300 $ 17,726,946 $ 1,561,646 $ 17,523,733 1st year of new Learfield Multi-Media rights contract fully re-assigned to athletics Intercollegiate Student Fee Revenue $ 3,509,658 $ 3,419,246 $ (90,412) $ 3,855,595 FY19 budget represents $.50/credit increase to student fee approved by the board in FY17 Intercollegiate Athletics Gift and Donation Rev. $ 6,591,412 $ 4,384,874 $ (2,206,538) $ 4,496,000 Intercollegiate Athletics Institutional Transfers** $ 800,000 $ 5,342,973 $ 4,542,973 $ 7,033,747 See note ** below Total Revenue $ 34,906,258 $ 38,714,769 $ 3,808,511 $ 40,790,085 Intercollegiate Athletics Expenses $ 37,006,167 $ 38,169,151 $ 1,162,984 $ 40,189,187 Total Operating Surplus/(Deficit) $ (2,099,910) $ 545,618 $ 600,898 TMC/SBS/COX Fiscal Year Operating Surplus (Deficit) $ - $ (377,823) $ (377,823) $ 108,170 Total ICA and Entertainment Fiscal Operating Surplus (Deficit) $ (2,099,910) $ 167,795 $ (377,823) $ 709,068 See Statement of Revenues and Expenses in Annual Report for Detail **FY18 budget column reflects original budget for revenue which was modified in FY18 to project $5.7M in institutional support. FY19 budget reflects additional $1.32M institutional investment (total increased institutional investment of $2.65M will be phased in over two years, FY19 & FY20). 3 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 3 of 11

UNLV Athletic Department Capital Expenditures Summary Summary Capital Expenditures Actual and Planned FY 18 Actual Cox Pavilion new basketball and volley ball floor $ 119,000.00 Cox Pavilion renovated womans locker room $ 174,998.00 Eller Media Stadium protective netting $ 9,100.00 Fertitta Football Complex broke ground Lied Athletic Complex renovated Rebel refuel $ 14,700.00 Thomas & Mack new basketball floor $ 126,000.00 Thomas & Mack renovate front entrance/lobby $ 222,178.00 4 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 4 of 11

UNR Department of Intercollegiate Athletics Dr. Mark A. Johnson, President 5 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 5 of 11

UNR Athletic Department Summary FY 18 FY 19 Revenue Sources Variance Actual Intercollegiate Athletics State Appropriation $ 5,819,730 $ 5,384,996 $ (434,734) $ 5,471,588 Intercollegiate Internal Revenue incl. ticket Sales $ 14,285,855 $ 12,320,700 $ (1,965,155) $ 19,300,400 Intercollegiate Student Fee Revenue $ 2,863,000 $ 2,801,608 $ (61,392) $ 2,800,000 Intercollegiate Athletics Gift and Donation Rev. $ 6,210,000 $ 5,719,972 $ (490,028) $ 4,985,000 Intercollegiate Athletics Institutional Transfers $ 1,953,665 $ 3,413,885 $ 1,460,220 $ 3,400,000 Intercollegiate Athletics Other Revenue $ - $ - $ - $ - Total Revenue $ 31,132,250 $ 29,641,161 $ (1,491,089) $ 35,956,988 Explanations Priority seating no longer a donation and is now included in internal revenue Waived tuition & fees and COA supplement Intercollegiate Athletics Expenses $ 30,956,880 $ 36,734,016 35,949,040 Total Operating Surplus/(Deficit) $ 175,370 $ (7,092,855) $ 7,948 Note: *BOR approved one-time mandated $6,178,185 deferral of Football and MBB renewals from FY18 to FY19 due to accounting method change from cash base to accrual base. 6 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 6 of 11

UNR Athletic Department Deficit Plan The total Athletics operating debt as of 6/30/18 has been divided this into 2 tiers: Recent Debt (post FY 13) totals ~$3.9m (FY 18 end of year). To be paid back on an annual basis, at the close of each fiscal year o 50% operating surplus to debt service o 50% operating surplus to create departmental reserve account o Note this amount also includes $1.93m in deferred FY 18 revenue due to higher than expected advance ticket revenues Historic Debt (FY 13 and before) ~$8.25m. This historic debt has carried forward for several years Includes the impact of switching from accrual to cash accounting ($4.25m) UNR will service this debt centrally as a loan with one-time sources that come available over the next several fiscal years. 7 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 7 of 11

UNR Athletic Department Capital Expenditures Summary Summary Capital Expenditures Actual and Planned FY 18 Actual Softball Stadium Netting $ 25,000.00 Volleyball Court $ 25,000.00 Men's and Women's Basketball Court $ 150,000.00 Basketball practice Facility & All Sports Weight room $ 3,000,000.00 Baseball Field Turf Replacement $ 560,000.00 Football Team Room Update $ 125,000.00 Men's and Women's Golf Practice Facility $ 75,000.00 Sports Medicine Training Room Floor $ 15,600.00 8 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 8 of 11

CSN Department of Intercollegiate Athletics Dr. Federico Zaragoza, President 9 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 9 of 11

CSN Athletic Department Summary Revenue Sources FY 18 Variance FY 19 Intercollegiate Athletics State Appropriation $ - $ - $ - $ - Intercollegiate Internal Revenue incl. ticket Sales $ 161,000 $ 146,020 $ 14,980 $ 126,800 Intercollegiate Student Fee Revenue $ - $ - $ - $ 850,778 Intercollegiate Athletics Gift and Donation Rev. $ 195,325 $ 142,536 $ 52,789 $ 213,000 Intercollegiate Athletics Institutional Transfers $ 1,019,660 $ 992,048 $ 27,612 $ 307,000 Intercollegiate Athletics Other Revenue $ - $ - $ - $ - Total Revenue $ 1,375,985 $ 1,280,605 $ 95,380 $ 1,497,578 Intercollegiate Athletics Expenses $ 1,375,985 $ 1,280,605 $ 95,380 $ 1,395,949 Total Operating Surplus/(Deficit) $ - $ - $ 101,629 See Statement of Revenues and Expenses in Annual Report for Detail 10 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 10 of 11

CSN Athletic Department Capital Expenditures Summary Summary Capital Expenditures Actual and Planned FY 18 Actual Baseball Field Windscreen $ 20,350.00 11 (BOARD OF REGENTS 11/29/18 & 11/30/18) Ref. BOR-15i, Page 11 of 11