This report discusses the current status of IA’s finances, including its revised model for servicing the debt taken on by the University to construct the Student Athletics High Performance Center (SAHPC) and to renovate the California Memorial Stadium (CMS), and IA’s recently developed plan for addressing issues with the academic performance of student athletes.
IA is responsible for financing its annual operations as well as servicing the debt taken on by the University for construction of the SAHPC and renovation of the CMS. Both of these items have been issues of ongoing concern for CAPRA, as well as members of the Senate as whole. These concerns have focused on the annual level of support provided IA by the Chancellor and the prospect that IA might not be able to cover its annual debt service and would, therefore, require additional support from central campus. In what follows we analyze each of these issues separately, but it must be recognized that for tax purposes and reporting to the NCAA the debt service is treated as a part of IA’s annual budget.