George Mason University Intercollegiate Athletics Program For The Year .
GEORGE MASON UNIVERSITYINTERCOLLEGIATE ATHLETICS PROGRAMFOR THE YEAR ENDEDJUNE 30, 2016Auditor of Public AccountsMartha S. Mavredes, CPAwww.apa.virginia.gov(804) 225-3350
–TABLE OF CONTENTS–PagesINDEPENDENT ACCOUNTANT’S REPORT ON APPLYINGAGREED-UPON PROCEDURES1-7SCHEDULESchedule of Revenues and Expenses of Intercollegiate Athletics ProgramsNotes to the Schedule of Revenues and Expenses of IntercollegiateAthletics ProgramsUNIVERSITY OFFICIALS89-1112
January 17, 2017The Honorable Terence R. McAuliffeGovernor of VirginiaThe Honorable Robert D. Orrock, Sr.Chairman, Joint Legislative AuditAnd Review CommissionDr. Ángel CabreraPresident, George Mason UniversityINDEPENDENT ACCOUNTANT’S REPORTON APPLYING AGREED-UPON PROCEDURESWe have performed the procedures enumerated below, which were agreed to by thePresident of George Mason University, solely to assist the University in evaluating whether theaccompanying Schedule of Revenues and Expenses of Intercollegiate Athletics Programs of theUniversity is in compliance with National Collegiate Athletic Association (NCAA) Constitution3.2.4.15, for the year ended June 30, 2016. University management is responsible for the Scheduleof Revenues and Expenses of Intercollegiate Athletics Programs (Schedule) and the Schedule’scompliance with NCAA requirements. This agreed-upon procedures engagement was conducted inaccordance with attestation standards established by the American Institute of Certified PublicAccountants and generally accepted government auditing standards. The sufficiency of theprocedures is solely the responsibility of the University. Consequently, we make no representationregarding sufficiency of the procedures described below either for the purpose for which this reporthas been requested or for any other purpose.Agreed-Upon Procedures Related to theSchedule of Revenues and Expenses of Intercollegiate Athletics ProgramsProcedures described below were limited to material items. For the purpose of this report,and as defined in the agreed-upon procedures, items are considered material if they exceed one-halfof one percent of total revenues or total expenses, as applicable. The procedures that we performedand our findings are as follows:Fiscal Year 20161
Internal Controls1.We reviewed the relationship of internal control over Intercollegiate AthleticsPrograms to internal control reviewed in connection with our audit of the University’sfinancial statements. In addition, we identified and reviewed those controls uniqueto Intercollegiate Athletics Programs, which were not reviewed in connection with ouraudit of the University’s financial statements.2.Intercollegiate Athletics Department management provided a current organizationalchart. We also made certain inquiries of management regarding controlconsciousness, the use of internal audit in the department, competence of personnel,protection of records and equipment, and controls regarding information systemswith the information technology department.3.Intercollegiate Athletics Department management provided us with their process forgathering information on the nature and extent of affiliated and outsideorganizational activity for or on behalf of the University’s Intercollegiate AthleticsPrograms. We tested these procedures as noted below.Affiliated and Outside Organizations4.Intercollegiate Athletics Department management identified all intercollegiateathletics-related affiliated and outside organizations and provided us with copies ofaudited financial statements for each such organization for the reporting period.5.Intercollegiate Athletics Department management prepared and provided to us asummary of revenues and expenses for or on behalf of the intercollegiate athleticsprograms by affiliated and outside organizations included in the Schedule.6.Intercollegiate Athletics Department management provided to us any additionalreports regarding internal control matters identified during the audits of affiliated andoutside organizations performed by independent public accountants. We were notmade aware of any internal control findings.Schedule of Revenues and Expenses of Intercollegiate Athletics Programs7.Intercollegiate Athletics Department management provided to us the Schedule ofRevenues and Expenses of Intercollegiate Athletics Programs for the year endedJune 30, 2016, as prepared by the University and shown in this report. Werecalculated the addition of the amounts in the Schedule, traced the amounts on theSchedule to management’s worksheets, and agreed the amounts in management’sworksheets to the Intercollegiate Athletics Department’s accounts in the accountingrecords. Certain adjustments to the Schedule were necessary to conform with theNCAA reporting guidance. We discussed the nature of work sheet adjustments withmanagement and are satisfied that the adjustments are appropriate.Fiscal Year 20162
8.We compared each major revenue and expense account over ten percent of totalrevenues or total expenses, respectively, to prior period amounts and budgetestimates. Variances exceeding one million dollars or ten percent of prior periodamounts or budget estimates are explained below:Line ItemExplanationIndirect institutional supportClarifications in NCAA reporting guidance resulted in theaddition of a new revenue line item addressing indirectinstitutional support from debt service, lease and rentalfees, which caused an 81 percent decline in IndirectInstitutional Support.Indirect institutional support –athletic facilities debt service,lease and rental feesAs noted above, the 2016 NCAA Agreed Upon Proceduresspecify that debt service, lease and rental fees paid by theinstitution and not charged to athletics are to be reportedon a separate line. In previous years, the Universityincluded these items as part of indirect institutionalsupport as the NCAA did not request this support to beincluded separately.Coaching salaries, benefits, andbonuses paid by the Universityand related entitiesThe University experienced a 19 percent decline incoaching compensation expense from the prior fiscalyear. In the prior year, payouts of contractualagreements associated with the turnover of the Men’sBasketball coaching staff resulted in higher coachingcompensation expense.Revenues9.We reviewed a sample of ticket sales reconciliations performed by the University foraccuracy and proper review and approval. We performed a recalculation of ticketsales revenue by comparing the number of tickets sold and revenue generated by theticket sales system to total revenue recorded in the Schedule. We determined thereconciliations reviewed to be accurate and the amounts reported in the Schedule tobe substantially in agreement with our recalculation.10.We obtained an understanding of the institution’s methodology for allocating studentfees to intercollegiate athletics programs. We compared student fees reported in theSchedule to amounts reported in the accounting records and an expected amountbased on fee rates and enrollment. We found explanations for differences betweencalculated and actual student fees reported in the Schedule and account records tobe reasonable.Fiscal Year 20163
11.We compared amounts reported in the Schedule for direct institutional support toinstitutional budget transfer documentation and/or other corroborative supportingdocumentation, and noted them to be substantially in agreement.12.We compared amounts reported in the Schedule for indirect institutional support toexpense payments, cost allocation detail and other corroborative supportingdocumentation and noted them to be substantially in agreement.13.We ensured the Schedule properly includes revenue related to debt service, leases,and rental fees paid by the institution for or on behalf of athletics.14.Intercollegiate Athletics Department management provided us with a listing ofsettlement reports and game guarantee agreements for away games during thereporting period. This amount was deemed to be immaterial for detailed testing.15.Intercollegiate Athletics Department management provided us with a listing of allcontributions of moneys, goods or services received directly by the IntercollegiateAthletics Programs from any affiliated or outside organization, agency or group ofindividuals that constitutes ten percent or more of all contributions received duringthe reporting period. Except for contributions received from the George MasonUniversity Foundation, an affiliated organization, we noted no individual contributionwhich constituted more than ten percent of total contributions received forIntercollegiate Athletics Programs. We reviewed contributions from the GeorgeMason University Foundation, which exceeded ten percent of all contributions andagreed them to supporting documentation. An adjustment to the Schedule was madeto exclude contributions received for capital projects as capital-related revenuesshould be excluded from the Schedule per NCAA guidance.16.Intercollegiate Athletics Department management provided us with a listing andcopies of all agreements related to participation in revenues from broadcast,television, radio, internet, and e-commerce rights. We gained an understanding ofthe relevant terms of the agreements and agreed selected amounts to proper postingin the accounting records and supporting documentation.17.Intercollegiate Athletics Department management provided us with a listing andcopies of all agreements related to participation in revenues from tournaments,conference distributions, and NCAA distributions. We gained an understanding of theterms of the agreements and agreed selected amounts to proper posting in theaccounting records and supporting documentation.18.We obtained the amount of program sales, concessions, novelty sales, and parkingrevenue recognized during the period from the Schedule. This amount was deemedto be immaterial for detailed testing.19.Intercollegiate Athletics Department management provided us with a listing andcopies of all agreements related to participation in revenues from royalties, licensing,Fiscal Year 20164
advertisements, and sponsorships. We gained an understanding of the terms of theagreements and agreed selected amounts to proper posting in the accounting recordsand supporting documentation. Adjustments were made to the Schedule to reclassifyrevenue for the University’s pouring rights contract to this line item and to record inkind revenue associated with the University’s apparel sponsor.20.We reviewed amounts reported in the Schedule for endowment and investmentincome. This amount was deemed to be immaterial for detailed testing.21.We compared the amount of revenue related to other revenue to the amountreported in the Schedule. We reviewed classification of a selection of transactionsand agreed those transactions to supporting documentation.Expenses22.Intercollegiate Athletics Department management provided us a listing of institutionalstudent aid recipients during the reporting period. Since the University used theNCAA Compliance Assistant software to prepare athletic aid detail, we selected tenpercent of individual student-athletes across all sports and agreed amounts from thelisting to their award letter, with the exception of one student-athlete for which acurrent signed award letter was not available. We agreed each student’s informationto ensure accurate reporting in the NCAA Membership Financial Reporting System,with the exception of ten students for which the institution reported inaccurateinformation in Compliance Assistant. Additionally, the University reported athleticgrants in two sports which do not conduct NCAA championship competitions, and arenot considered emerging sports for women. As a result of the engagement, theinstitution recreated the squad list from the NCAA Compliance Assistant software withcorrected amounts reported for each student and removed the grants for sports thatshould not have been included in the Compliance Assistant software. We ensuredthat the total aid amount for each sport materially agreed to amounts reported asFinancial Aid in the student accounting system.23.Intercollegiate Athletics Department management provided us with a listing ofsettlement reports and game guarantee agreements for home games during thereporting period. We reviewed these settlement reports and guarantee agreementsfor selected games and agreed selected amounts to proper posting in the accountingrecords and supporting documentation.24.Intercollegiate Athletics Department management provided us with a listing ofcoaches, support staff, and administrative personnel employed and paid by theUniversity during the reporting period. We selected and tested 24 individuals,including men’s and women’s basketball coaches, and compared amounts paid duringthe fiscal year from the payroll accounting system to their contract or otheremployment agreement document. With the exception of three employees for whichwage rate documentation could not be located, we found that recorded expensesFiscal Year 20165
equaled amounts paid as salary and bonuses and were in agreement with approvedcontracts or other documentation.25.We discussed the Intercollegiate Athletics Department’s recruiting expense and teamtravel policies with Intercollegiate Athletics Department management anddocumented an understanding of those policies. We compared these policies toexisting University and NCAA policies and noted substantial agreement of thosepolicies.26.We selected a sample of disbursements for recruiting, team travel, sports equipment,uniforms, and supplies, game expenses, fundraising, marketing, and promotion, spiritgroups, medical expenses and medical insurance, student-athlete meals (non-travel),and other operating expenses. We compared and agreed the selected operatingexpenses to adequate supporting documentation, with the exception of threepurchase card transactions for which supporting documentation could not be located.We found all reviewed amounts to be properly approved, reasonable tointercollegiate athletics, and properly recorded in the accounting records, except forone transaction for 989.66, which was misclassified as “Sports Equipment, Uniforms,and Supplies” rather than “Other Operating Expenses”.27.We obtained a listing of debt service payments, lease payments, and rental fees forathletics facilities for the reporting year. We agreed all facility payments included inthe Schedule, including the two highest facility payments, to supportingdocumentation and noted proper agreement.28.We obtained an understanding of the University’s methodology for allocating indirectcost charges to the athletics department. We evaluated indirect cost charges forreasonableness and noted proper reporting of these charges in the Schedule asindirect institutional support as the University does not charge Athletics directly forthese expenses.Additional Procedures29.We compared the sports sponsored, as reported in the NCAA Membership FinancialReporting System, to the squad lists of the institution. We noted agreement of thesports reported.30.We obtained the institution’s Sports Sponsorship and Demographics Forms Report forthe reporting year. We validated that the countable sports identified by theinstitution met the minimum requirements for number of contests and minimumnumber of participants as defined in NCAA Bylaw 20.9.6.3. We ensured thatcountable sports have been properly identified in the NCAA Membership FinancialReporting System for the purpose of revenue distribution calculations.Fiscal Year 20166
We were not engaged to, and did not, conduct an examination, the objective of which wouldbe the expression of an opinion on the Schedule of Revenues and Expenses of IntercollegiateAthletics Programs or any of the accounts or items referred to above. Accordingly, we do not expresssuch an opinion. Had we performed additional procedures or had we conducted an audit of anyfinancial statements of the Intercollegiate Athletics Department of George Mason University inaccordance with generally accepted auditing standards, other matters might have come to ourattention that would have been reported to the University. This report relates only to the accountsand items specified above and does not extend to the financial statements of George MasonUniversity or its Intercollegiate Athletics Department taken as a whole.This report is intended solely for the information and use of the President and the Universityand is not intended to be and should not be used by anyone other than these specified parties.However, this report is a matter of public record and its distribution is not limited.AUDITOR OF PUBLIC ACCOUNTSEMS/cljFiscal Year 20167
GEORGE MASON UNIVERSITYSCHEDULE OF REVENUES AND EXPENSES OFINTERCOLLEGIATE ATHLETICS PROGRAMSFor the year ended June 30, 2016Men'sBasketballOperating revenues:Ticket salesStudent feesDirect institutional supportIndirect institutional supportIndirect institutional support - athletic facilities debtservice, lease and rental feesGuaranteesContributionsMedia rightsNCAA distributionsConference distributions (non-media or bowl)Program, novelty, parking, and concession salesRoyalties, licensing, advertisement and sponsorshipsAthletics restricted endowment and investments incomeOther operating revenueTotal operating revenues Operating expenses:Athletic student aidGuaranteesCoaching salaries, benefits, and bonuses paid by the University and related entitiesSupport staff/administrative compensation, benefits, and bonuses paid by theUniversity and related entitiesRecruitingTeam travelSports equipment, uniforms, and suppliesGame expensesFundraising, marketing and promotionSpirit groupsAthletic facility leases and rental feesAthletic facility debt serviceIndirect institutional supportMedical expenses and insuranceMemberships and duesStudent-athlete meals (non-travel)Other operating expensesTotal operating expensesExcess (deficiency) of revenues over (under) expenses Women'sBasketballMen'sSoccerWomen'sSoccer17,104 -13,722 951) 96,045) 96(888,908) 2920,2642,156,716(2,062,847) Other Reporting Items:Total athletics-related debtTotal institutional debtValue of athletics-dedicated endowmentsValue of institutional endowmentsTotal athletics-related capital expenditures3,983 -Women'sTrack622,764 23,23760,5533,668,685(2,927,315) 4,645 -Men'sTrack3,014 -Other Sports26,615 -Non-ProgramSpecificTotal5,265 0322,1708,087926,536(903,697) 2794,755,096(4,556,185) 59,40912,830,951 97743,23928,113,340- 40,009,911 636,451,470 1,810,354 71,566,373 938,225The accompanying Notes to the Schedule of Revenues and Expenses of Intercollegiate Athletics Programs are an integral part of this Schedule.Fiscal Year 20168
GEORGE MASON UNIVERSITYNOTES TO SCHEDULE OF REVENUES AND EXPENSES OFINTERCOLLEGIATE ATHLETICS PROGRAMSFOR THE YEAR ENDED JUNE 30, 20161.BASIS OF PRESENTATIONThe accompanying Schedule of Revenues and Expenses of Intercollegiate Athletics Programshas been prepared on the accrual basis of accounting. The purpose of the Schedule is topresent a summary of accrual basis revenues and expenses of the University’s intercollegiateathletics programs for the year ended June 30, 2016, and includes both those intercollegiateathletic revenues and expenses under the direct accounting control of the University andthose on behalf of the University’s athletic programs by outside organizations not under theUniversity’s control. Because the Schedule presents only a selected portion of theUniversity’s activities, it is not intended to and does not present the financial position,changes in financial position, or changes in cash flows for the fiscal year ended June 30, 2016.Revenues and expenses directly identifiable with each category of sport presented arereported accordingly. Revenues and expenses not directly identifiable to a specific sport arereported under the category, “Non-program specific.”2.RELATED PARTY TRANSACTIONSThe Schedule includes transactions of the Patriot Club of George Mason UniversityFoundation, Inc. This Foundation was organized for fund-raising activities that either supportthe University or benefit specific schools within the University. The Foundation provided 946,600 in support of University athletics in the form of direct contributions and otherexpenses for the fiscal year ended June 30, 2016.3.CAPITAL ASSETSCapital assets include land, buildings and other improvements, equipment, andinfrastructure. Capital assets are generally defined by the University as assets with an initialcost of 5,000 or more and an estimated useful life in excess of one year. Athletics followsthe University policy and procedures for the approval and disposal of capital assets.Depreciation is computed using the straight-line method over the estimated useful life of theasset with no residual value.The following comprises athletics-related property and equipment at June 30, 2016:BuildingsConstruction in progressEquipmentImprovementsAccumulated depreciationNet property and equipment 89,103,962533,7226,005,7029,769,336(46,572,089) 58,840,633Fiscal Year 20169
4. VCBA NOTES PAYABLEThe University participates in the Public Higher Education Financing Program (Pooled BondProgram) created by the Virginia General Assembly in 1996. Through the Pooled BondProgram, the Virginia College Building Authority (VCBA) issues 9(d) bonds and uses theproceeds to purchase debt obligations (notes) of the University and various other institutionsof higher education. The University’s general revenue secures these notes. The followingschedule describes each of the athletically related notes outstanding:Bond TitlePE Building (addition)PE Building (addition, Phase 2)PE Building (addition, RB2)PE Building (addition, Phase 2, RB2)Softball Field ImprovementsVCBA 2007 B (refunding 1997A, FairfaxAquatic)PE Building, Phase IPE Building, Phase IIFieldhouse Life/Safety/Code RenovationRepair Aquatic & Fitness Center HVACVCBA 2012 A (partial refunding of2004A, Fairfax Aquatic Center)Fieldhouse Life/Safety/Code RenovationRenovate FieldhouseVCBA 2013 B (Refunding of 2006A,Patriot Center)VCBA 2013 B (Refunding of 2009A,Patriot Center)VCBA 2014 B (Refunding of 1997A,Fairfax Aquatic Center)VCBA 2014 B (partial refunding of2006A, PE Addition/Renovation)VCBA 2014 B (partial refunding of2006A, PE Addition Phase II)VCBA 2014 B (partial refunding of2007A, PE Addition)VCBA 2014 B (partial refunding of2007A, PE Addition Phase II)VCBA 2015 B (partial refunding of2009A, PE Bldg Ph I)VCBA 2015 B (partial refunding of2009A, PE Bldg Ph m(in years)FinalPaymentDueOutstandingatJune 30, 201620062006200720072007 6,035,0002,800,0008,555,0003,820,0001,510,0003.0 - 5.0%3.0 - 5.0%4.5 - 5.0%4.5 - 5.0%5.00%222220201020292029202820282018 25,0004.0 - 4.25%2.1 - 5.0%2.1 - 5.0%3.75 - 5.5%2.0 - 0,0003,230,0005.00%4.0 - 5.0%1.0 - 7,280,0001.0 - 4.0%1420286,385,00020131,845,0001.0 - 4.0%1520291,635,00020141,363,1053.0 - 5.0%22017694,37720142,070,0003.0 - 5.0%920242,070,0002014950,0003.0 - 5.0%92024950,00020143,950,0003.0 - 5.0%1120263,950,00020141,765,0003.0 - 5.0%1120261,765,00020151,580,0003.0 - 5.0%1320291,580,00020153,020,0003.0 - 5.0%1320293,020,000 68,979,084 40,009,911Fiscal Year 201610
The following schedule describes the total principal and interest payments due on the notesoutstanding:Fiscal -20262027-2031 5,6007,665,000 22407,901 6,8228,072,901 40,009,911 9,683,190 49,693,101Total5. INDIRECT INSTITUTIONAL SUPPORTThe University provides certain facilities and services to Auxiliary Enterprises (AE). TheUniversity charges AE for these indirect costs using an AE indirect cost rate established undera program managed by the State Council of Higher Education for Virginia (SCHEV). As part ofAE, the Athletics Program benefits from these indirect costs, but AE does not charge theAthletics Program for its share of these costs. In accordance with the NCAA’s 2016 AgreedUpon Procedures manual, the value of these indirect costs are to be reported on the Scheduleof Revenues and Expenses on both the operating revenues line titled Indirect InstitutionalSupport and the operating expenses line titled Indirect Institutional Support.The University pays the debt service for Athletic Facilities but does not charge the AthleticsProgram for the debt service payments. In accordance with the NCAA’s 2016 Agreed-UponProcedures manual, the value of these debt service payments for the current fiscal year areto be reported on the Schedule of Revenues and Expenses on both the operating revenuesline titled Indirect Institutional Support- Athletic Facilities Debt Service, Lease and Rental Feesand the operating expense lines titled Athletic Facility Debt Service, and Athletic FacilityLeases and Rental Fees.Fiscal Year 201611
GEORGE MASON UNIVERSITYAs of June 30, 2016BOARD OF VISITORSThomas M. Davis, RectorStuart Mendelsohn, Vice RectorKelly McNamara Corley, SecretaryMahfuz AhmedJohn JacqueminKaren AlcaldeRobert F. PenceStephen M. CumbieWendy MarquezKimberly O. DennisDavid PetersenClaire DwoskinShawn PurvisAnne GrunerTracy ScharM. Siddique SheikhCharlene Douglas, Faculty RepresentativeKhushboo Bhatia, Student RepresentativeJustin Van Buren, Student RepresentativeUNIVERSITY OFFICIALSÀngel Cabrera, PresidentJennifer Davis, Senior Vice President for Administration and FinanceFrank Neville, Chief of StaffBrad Edwards, Assistant Vice President and Director, Intercollegiate AthleticsJeanne Medford, Director of Business and Financial Services, Intercollegiate AthleticsFiscal Year 201612
President of George Mason University, solely to assist the University in evaluating whether the accompanying Schedule of Revenues and Expenses of Intercollegiate Athletics Programs of the University is in compliance with National Collegiate Athletic Association (NCAA) Constitution 3.2.4.15, for the year ended June 30, 2016.
of George Mason University, solely to assist the University in evaluating whether the accompanying Schedule of Revenues and Expenses of Intercollegiate Athletics Programs of the University is in compliance with National Collegiate Athletic Association (NCAA) Constitution 3.2.4.15.1, for the year ended June 30, 2017.
For a general idea of George Mason’s Admission Standards, below is a blurb by Allen Grove, College Admissions Expert, from the website “About.Com” Discussion of George Mason's Admissions Standards: Over a third of applicants to George Mason University don't get in. Successful app
at George Mason University A Teacher’s Manual Osher Lifelong Learning Institute Tallwood, 4210 Roberts Road Fairfax, VA 22032-1028 Mason MSN 5C1 Phone: 703-503-3384 Fax: 703-503-2832 Email: olli@gmu.edu Web site: www.olli.gmu.edu Affiliated with George Mason University Sites at Tallwood in Fairfax, Reston, and Mason’s
DOES THE MAGNA CARTA EMBODY A PROPORTIONALITY PRINCIPLE?. Craig S. Lerner, George Mason University School of Law . George Mason University . Civil Rights Law Journal, Vol. 25, No. 3, Forthcoming 2015 . George Mason University Law and
George Mason University Policy Year: 2022-2023 Policy Number: 724536 www.aetnastudenthealth.com (800) 878‐1945 . George Mason University 2022-2023 Page 2 This is a brief description of the Student Health Plan. The plan is available for the George Mason University
George Mason's Response to Findings We discussed this report with management at an exit conference held on May 9, 2017. George Mason's response to the findings identified in our audit is described in the accompanying section titled "University Response." George Mason's response was not subjected to the auditing procedures applied
The Department of Intercollegiate Athletics budget philosophy is fairly simple: 1) Submit a budget that provides academic and athletic competitiveness for all teams, 2) Comply with gender equity requirements of Title IX, and to remain financially sustainable 3) Provide a quality experience to our students, fans, and alumni when they attend
ASME A17.1, 2013 NFPA 13, 2013 NFPA 72, 2013 Not a whole lot has changed in the sub-standards. Substantial requirements in the IBC/IFC. International Building Code (IBC) and International Fire Code (IFC) “General” Requirements. Hoistway Enclosures Built as “shafts” using fire barrier construction o 1 hr for 4 stories o 2 hr for 4 or more stories o Additional .
