Florida State's David Coburn has spent much of his nine months in the Athletic Director role dealing with budget issues.

On Wednesday, FSU announced that the 2018-19 athletic department budget has been balanced at the athletic department board meeting. Seminole Boosters, Inc. approved a $6.15 million transfer to help balance the deficit.

Coburn -- operating under the interim Athletic Director tag until May 10 -- had implemented budget cuts around the athletics department to help counter the budget deficit. He replaced former FSU Athletic Director Stan Wilcox in August, 2018.

The athletic board also approved a $108.07 million budget for the 2019-20 fiscal year. That budget is up over $1 million from the 2018-19 budget of $106.95 million.

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The athletic department's operating revenue is projected to drop over $9 million to just under $75 million from $84 million last year.

The projected revenue drop is due, in large part, to football ticket sales, which are expected to drop to just under $15 million.

FSU brought in $23.5 million from ticket sales last year with Virginia Tech, Samford, Northern Illinois, Wake Forest, Clemson, Boston College, and Florida on the home schedule.

The Seminoles' home schedule for 2019 features Louisiana-Monroe, Louisville, North Carolina State, Syracuse, Miami, and Alabama State. FSU opens the season in a neutral site game against Boise State in Jacksonville on Aug. 31 at 7 p.m. The Seminoles have already sold more than 25,000 tickets for the game.

The athletic budget is built around the expectation of 25,000 season tickets being sold for football. FSU fans have already purchased 24,000 season ticket and that number is expected to rise.

FSU's ACC revenue distribution of $29.7 million for the 2017-18 fiscal year was announced last week. FSU is expecting that to increase to $32.1 million for the 2019-20 fiscal year with the addition of the new ACC Network, which starts Aug. 22.

Reach Wayne McGahee III at wmcgahee@tallahassee.com.