From: AP via LancasterEagleGazette.com – COLUMBUS — After losing $148,000 a year ago, Ohio State’s athletic department will bank $23,400 for the 2009-10 fiscal year, according to numbers disclosed Thursday to The Associated Press by athletic director Gene Smith.

Smith said the surplus came because of cost hold-downs and revenue increases in concessions and royalties.

“We had a good year,” Smith said. “There were some revenue increases in certain categories, but the expenditure controls by our unit managers and coaches were outstanding. So we feel really good.”

Smith said the department has proposed a school-record $128 million budget for fiscal year 2010-11 which could be approved next week by Ohio State’s athletic council. That’s $10 million more than the budget for the current fiscal year.

The men’s basketball team, which came up short of accounting projections by more than $350,000 a year ago, met financial estimates this time around because of reduced accounting projections and bigger crowds watching the Big Ten co-champions.

University athletic officials hope they have weathered a tough spot.

The Buckeyes benefit from having eight home football games this season — one more than 2009. In addition, the university’s board of trustees already has approved an increase buy drugs on line in ticket prices of as much as $7 per ticket (to $70 for a reserved seat) for football and as……

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