05-21-2008, 03:30 PM
In a report published in the GREENSBORO NEWS AND RECORD today, the ACC disbursed $137.5 million to its 12 member schools in the tax year ending June 30, 2007 (according to federal tax returns released this week). It was an increase of 5.7% over the 2005-2006 tax year (the largest since an 11.7% increase in the 2002-2003 year).
Total revenue of $159,753,654 beat projections by 33.5%, and the cash distributed to the membership was 27% greater than estimates.
The ACC distributed 86.213% of its revenue back to the conference members.
Total revenue of $159,753,654 beat projections by 33.5%, and the cash distributed to the membership was 27% greater than estimates.
The ACC distributed 86.213% of its revenue back to the conference members.