06-23-2015, 05:13 PM
And while Stanford AD will report all of DAPER revenues.
And UCB AD will report wedding and reception revenue (and expenses).
ASU will report this new ASU AD commercial real estate management revenue (and expenses).
Every school already report the limited notion of gate receipts, they are in the total for those that care. FWIW every Pac-12 school is getting blitzed by SEC and B1G schools on pure gate and annual football donations. If that was how the Pac-12 really fueled their operations the Pac-12 would be nothing more than a mid-major.
Still ASU's bold new experiment will be taking accounting to new extremes.
Now the follies of those seeking Stanford (non-PER) purity are clearly out of line as ASU AD's budget will include fees and operations of office buildings on university land. Made worse by the corresponding diversion community property tax dollars. And all of those enterprises will all be added to ASU AD's revenue and expenses.
Once a school owns and operates a golf course for their athletic team, as Stanford elected to do in the 1930s, then the revenue and minimal incremental expenses, associated with letting some alums putt around in the middle of the day is largely gravy. Point of view counts of course, but Stanford and DAPER see the golf course as a team facility that can then be rented out during the day to non-athletes. The expenses of the course itself are really sunk costs in every way once you accept the facility is already built and the golf teams require a well maintained course.
I guess this is UCB ADs view on weddings at Memorial too. Just ignore that $300-$500 billion in debt. This luxurious view of the SF bay from the press box was needed for the team. Slippery slope, I guess.
Argue all of that as we must, but geez all of that has got to be more applicable and relevant to an athletic department budget than building and operating office buildings and multifamily dwellings on essentially unrelated university land.
In any event, it is kind of sad to think how other money hungry D1 ADs will mimic this new scheme to help their ADs even at the expense of the communities their university was chartered to educate. A bold new world in college AD accounting is coming to a public school near you.
And UCB AD will report wedding and reception revenue (and expenses).
ASU will report this new ASU AD commercial real estate management revenue (and expenses).
Every school already report the limited notion of gate receipts, they are in the total for those that care. FWIW every Pac-12 school is getting blitzed by SEC and B1G schools on pure gate and annual football donations. If that was how the Pac-12 really fueled their operations the Pac-12 would be nothing more than a mid-major.
Still ASU's bold new experiment will be taking accounting to new extremes.
Now the follies of those seeking Stanford (non-PER) purity are clearly out of line as ASU AD's budget will include fees and operations of office buildings on university land. Made worse by the corresponding diversion community property tax dollars. And all of those enterprises will all be added to ASU AD's revenue and expenses.
Once a school owns and operates a golf course for their athletic team, as Stanford elected to do in the 1930s, then the revenue and minimal incremental expenses, associated with letting some alums putt around in the middle of the day is largely gravy. Point of view counts of course, but Stanford and DAPER see the golf course as a team facility that can then be rented out during the day to non-athletes. The expenses of the course itself are really sunk costs in every way once you accept the facility is already built and the golf teams require a well maintained course.
I guess this is UCB ADs view on weddings at Memorial too. Just ignore that $300-$500 billion in debt. This luxurious view of the SF bay from the press box was needed for the team. Slippery slope, I guess.
Argue all of that as we must, but geez all of that has got to be more applicable and relevant to an athletic department budget than building and operating office buildings and multifamily dwellings on essentially unrelated university land.
In any event, it is kind of sad to think how other money hungry D1 ADs will mimic this new scheme to help their ADs even at the expense of the communities their university was chartered to educate. A bold new world in college AD accounting is coming to a public school near you.