The Alabama High School Athletic Association Central Board of Control returned a record $2 million to its member schools Wednesday at its summer meeting in Montgomery and also voted to waive school membership dues once again — an immediate savings of approximately $84,000 for member schools.
As reported by The Trussville Tribune, the AHSAA's Revenue Sharing Plan, approved first by the Central Board in 2009, has now returned $15.8 million to its member schools since 2010. The plan returns excess funds back to the schools when the AHSAA has at least one year’s working capital in reserve.
The Alabama High School Athletic Association Central Board of Control returned a record $2 million to its member schools Wednesday at its summer meeting in Montgomery and also voted to waive school membership dues once again — an immediate savings of approximately $84,000 for member schools.
As reported by The Trussville Tribune, the AHSAA's Revenue Sharing Plan, approved first by the Central Board in 2009, has now returned $15.8 million to its member schools since 2010. The plan returns excess funds back to the schools when the AHSAA has at least one year’s working capital in reserve.
“This is outstanding news for our member schools,” AHSAA executive director Steve Savarese said. “We are very grateful to our corporate partners and championship communities for investing in our member schools.”
Meanwhile, membership dues to all member schools were waived for 28th consecutive year.
Waiving the dues results in a savings of approximately $84,000 for the AHSAA’s 416 high schools and 336 middle/junior high schools. Member schools have had a savings of approximately $2.2 million during the entire span since 1991-92. Member schools also derived a savings in excess of $100,000 since no entry fees are levied for state championships in any sport.
The board voted to return $1 from each playoff ticket through revenue sharing to member schools to help offset the rising cost of game expenses beginning with the 2019-20 school year. The amount totaled approximately $341,000 in 2018-19.
