Public Pac-12 schools financial health - Printable Version
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Public Pac-12 schools financial health - BostonCard - 06-27-2017
http://www.mercurynews.com/2017/06/27/college-hotline-pac-12-financial-breakdown-for-each-school-in-fy17-i-e-which-are-bleeding-cash-and-which-are-flush/
Wilner, who really should be a financial reporter, dives into the financial health of the various Pac-12 AD's (excluding private Stanford and USC).
Cal... ouch
Quote:Cal
The ledger: $21.8 million loss (projected)
Nitty gritty: Yes, the Bears receive $5 million in institutional support, but they returned $4.95 million to campus as part of an internal taxation process.
Comment: Not nearly as bad operationally as it appears: $18 million of the deficit is interest-only payment on debt service for stadium renovation/training center projects.
Health rating: Bed-ridden, thanks to decisions made years ago by officials no longer around to feel the pain.
I would argue that while operationally it is not as bad as it appears, it is actually worse than it appears because so far the payments are interest only. Cal is like a homeowner with an interest only loan who is barely avoiding foreclosure... and when the principle is due they are going to be screwed.
BC
Re: Public Pac-12 schools financial health - Mick - 06-27-2017
(06-27-2017, 01:25 PM)Boston Card link Wrote:http://www.mercurynews.com/2017/06/27/college-hotline-pac-12-financial-breakdown-for-each-school-in-fy17-i-e-which-are-bleeding-cash-and-which-are-flush/
Wilner, who really should be a financial reporter, dives into the financial health of the various Pac-12 AD's (excluding private Stanford and Under Stanford Control (again)).
×ÉÉ... ouch
Quote:×ÉÉ
The ledger: $21.8 million loss (projected)
Nitty gritty: Yes, the 59ers receive $5 million in institutional support, but they returned $4.95 million to campus as part of an internal taxation process.
Comment: Not nearly as bad operationally as it appears: $18 million of the deficit is interest-only payment on debt service for stadium renovation/training center projects.
Health rating: Bed-ridden, thanks to decisions made years ago by officials no longer around to feel the pain.
I would argue that while operationally it is not as bad as it appears, it is actually worse than it appears because so far the payments are interest only. ×ÉÉ is like a homeowner with an interest only loan who is barely avoiding foreclosure... and when the principle is due they are going to be screwed.
BC
It'll be even worse when the principal comes due...
Re: Public Pac-12 schools financial health - 82lsju - 06-27-2017
some details on Stanford on page 107 of this document
https://web.stanford.edu/dept/pres-provost/budget/plans/BudgetBookFY17.pdf
Re: Public Pac-12 schools financial health - BostonCard - 06-27-2017
Would you believe I actually sat there and debated principal/principle before going with the wrong one? I was thinking about the guy who runs a high school.
When in doubt, check the dictionary before posting on the Cardboard.
BC
Re: Public Pac-12 schools financial health - Durty Nelly - 06-27-2017
(06-27-2017, 01:59 PM)eric link Wrote:some details on Stanford on page 107 of this document
https://web.stanford.edu/dept/pres-provost/budget/plans/BudgetBookFY17.pdf
$1.8 million loss for the on field/court/pool/etc performance is beyond acceptable.
Re: Public Pac-12 schools financial health - CowboyIndian - 06-27-2017
(06-27-2017, 01:25 PM)Boston Card link Wrote:... and when the principle is due they are going to be screwed.
True...because they have none.
Re: Public Pac-12 schools financial health - fullmetal - 06-28-2017
By the way, I heard there's going to be a new athletics facility built between the Ford Center and the Arrillaga building just north of it. Guess green space created by Meyer's demise has to be taken away by another building...