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NCAA audit finds no exceptions for FGCU Athletics; ticket revenue up, expenses down
Summary
An NCAA agreed‑upon procedures audit for the year ended June 30, 2025 found no exceptions; Athletics reported ticket revenue up 4.5 percent and overall expenses down about $500,000, while scholarship reporting includes non‑cash items increasing reported scholarship value to slightly over $5 million.
The Audit and Compliance Committee reviewed and approved the NCAA agreed‑upon procedures report for Florida Gulf Coast University Athletics for the year ended June 30, 2025, after Director of Internal Audit Bill Foster reported that auditors found no exceptions. The audit was performed by James Moore & Co. in accordance with NCAA requirements for Division I institutions.
Associate Athletics Director and CFO Jeremy Blake‑Johnson said the audit covered nearly 50 required categories, including scholarships, compliance, payroll and policies, and that this year’s report had no exceptions. Blake‑Johnson said ticket revenue increased 4.5 percent (a three‑year high), team travel expenses declined as more competitions were played at home, and overall Athletics expenses decreased by roughly $500,000. Deputy Athletic Director and COO Lauren Leister explained that the audit’s financial presentation includes non‑cash items (for example, in‑kind contributions and tuition waivers), which is why the total scholarship value reported (slightly over $5 million) differs from the approximate cash impact (about $3 million).
Bill Foster and Athletics leadership described improved controls and cost‑management measures compared with prior years. Trustee Doug VanOort moved to approve the NCAA report; Trustee Henry Saad seconded and the Committee voted unanimously in favor. The Committee will recommend the audit to the full Board on April 14, 2026.
