The NCAA had close to $1.1 billion in annual revenue during its 2017 fiscal year, according to an audited financial statement the association released Wednesday.

It is the first time the association has surpassed $1 billion in annual revenue, although it had come close in two of its past three fiscal years.

A little more than half of the growth from 2016 came from increases in TV and marketing fees, revenue from championship events and investment income. The remainder — more than $26 million — came from the NCAA’s sale of its interest in an enterprise that, according to the financial statement, helps athletics departments and sports leagues with scheduling, referee assignments and various payments.