05-24-2017, 12:47 PM
(05-24-2017, 12:34 PM)PalmTree link Wrote:[quote author=Langdude link=topic=16920.msg193923#msg193923 date=1495647603]
Any guesses on Stanford's situation? As a private university, they did not have to report numbers...
-m.
See page 107 - DAPER projects a $1.8M operating deficit for the 2016/17 fiscal year, and has a cumulative operating deficit of $8.7M. I'm not sure how much can be covered from other unrestricted reserves, or if they have any operating endowments. It looks like they went from recording a net $3.5M surplus in 2014/15 to net deficits last year and this year (proj.) Big drivers look to be jumps in costs for scholarships (all funded from endowments), compensation and "general services/supplies".
http://web.stanford.edu/dept/pres-provos...okFY17.pdf
They are getting $13-14M/year from the university which I suspect supports staff/operations/facilities dedicated to general recreational purposes (i.e. by all faculty, staff and non-varsity students).
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on page 107 it has a "debt service" line item that is $535,000 to $587,000 in each of the years
see the AD income here for 2014-15 which says the University funds are primarily for PE, recreation, and wellness
http://stanford_ftp.sidearmsports.com/pd...report.pdf
Eric
"the older we get the better we were"
