(08-14-2019 11:39 AM)mturn017 Wrote: (08-13-2019 04:01 PM)arkstfan Wrote: (08-13-2019 03:49 PM)mturn017 Wrote: (08-13-2019 03:42 PM)arkstfan Wrote: (08-13-2019 03:40 PM)mturn017 Wrote: But your AD pretty much said they were including contributions intended for capital projects, right? And I'm assuming the corresponding expenditures.
Can't you text search for this discussion from last year or the year before? I don't give a crap other than finding the whole damn thing amusing for the reasons I've already stated.
So you won't be blogging about it this year?
I don't run a website any more but I can put it on an excel worksheet for you in about 15 minutes. Simple as can be to do.
Just not going to re-litigate this **** every year. Like I said previously no one listened years ago when I warned people about these numbers and everyone said I was full of it then. Now that AState benefits from success suddenly everyone who said the numbers were solid thinks they are BS solely in regard to AState. Not heard any mention that JMU is 7th among non-P5 schools or that Cal-Davis out-spends much of CUSA. I'm skeptical that a non-football in the Summit outspends many football schools including most high scholarship FCS schools.
But most of all, I just now have gotten over mostly being off this site for the better part of three months because my cancer treatments had me too damn sick to care, and frankly my give a damn ain't working very well this year.
I'm sorry to hear about that man, I wish you a full recovery. I can't blame you for not giving a ****, message board bs is worthless in the best of times.
I'm just a bean counter that has taken an interest in these figures. You can go to JMU's site and see where I've explained to them that they are full of **** when they say they already have an AAC budget (their delusion is pretty entertaining reading actually, they do real well for an FCS school and pretty well for a G5 but come on). Cal-Davis is outside my sphere of interest. My interest in A States figures should be pretty obvious, according to the database we have the two highest (I think) budgets in G5 outside of the AAC and MWC, which again only matters on the message boards really. If the AAC adds a member and looks at finances I'd assume they'd do a deeper delve into the books but these numbers get compared on here so....
I'm not saying A State is lying or making up numbers, these figures were reviewed by an independent accountant but the drastic change in the figures over a short period of time and where they occur (other revenues, other expenses, donations) certainly raises some eyebrows, my guess is they did some sort of change in accounting methods. And if your AD is including capital projects in these figures and it seems they are based on quotes I've read then I think that's a misinterpretation of the NCAA reporting categories and I can point to NCAA sources that say as much. ODU's budget is inflated compared to others due to the way we report, typically in overhead items and inclusion of expenses that many schools in other states don't include. So our overall budget and student fees are reported higher than they might be if we ere located in another state. VA law dictates this and other states have other laws that require other standards and some account for things differently out of practice. The NCAA acknowledges these differences and it's why drawing apples to apples comparisons is near on impossible. The reason the NCAA has the reporting requirements is to ensure that the presidents and chancellors are alerted to the revenues and expenses of the athletic department, it's really for their benefit. Internet dick measuring is just a byproduct. The purpose of the framework of the reporting is to give an accurate depiction of the annual operating revenues and expenses. So capital expenditures, financing and the like are reported separately.
That's it. I know you to be a well respected poster and understand you have more insight into athletic department workings than most (including myself). My last post came off a little douchy so I apologize for that. Respond if you like, or if anyone else would. This is only my 2nd year of claiming A State's numbers look fishy FTR.
This is the third years of the numbers being in that range.
I know that there have been some gifts and sponsorships that were paid early. Company X says will pay whatever amount over 5 years or 10 years then turns around offers to pre-pay it with the figure being discounted to represent the time value of money. Likewise I know at least one SUBSTANTIAL gift was done that way.
Matching up Foundation tax returns to some other budget things I can get locally, I cannot sort the whole ball o' wax out partly because we are literally dealing with four sets of accounting practices (Fed Title IX, IRS rules for 501©(3), State regulations, and what USA Today asks for which fairly closely tracks NCAA reporting, but the NCAA reporting element is moot until NCAA gives you a login for their system, few years ago I knew someone who knew someone who could get me that stuff and let's just say I miss it) in the various data sources we can get our grubby little hands on.
But back on track. I know AState has been sitting on a decent size wad of cash and stock that was given but doesn't deem it endowment because they are free to exhaust the corpus in 5-10 years depending on the specific situation.
The other side of it all is the AD. Not the current AD but rather the AD who was fired to hire this AD.
I would match up USA Today to Foundation tax records as well as matching up balance sheets I had received when I served on the board of the athletic foundation and I could never reconcile the incredibly low numbers reported for contributions to USA Today against what was reported to the board and to the IRS. Likewise I couldn't match up expenditures either which appeared to seriously under-stated to USA Today.
Dr. Lee when I asked informed me that he the contribution figure reported to USA Today was the net income of the Foundation (numbers were similar but not close enough that it was apparent to me because I considered that possibility). The other thing he was doing in reporting to the NCAA and USA Today was he omitted all athletic expenditures funded by the athletic foundation because that was the practice of the Razorback Foundation when he worked there and he had assumed that was a state regulation because that wasn't how they did it at Oklahoma State, his last job before coming to us.
Nothing reported to USA Today Mid 2002 until into 2013 for AState was accurate because contributions and expenses were under-stated.
Given all that I still can't sort out all revenue sources used now and basically haven't tried since last year.
ADDENDUM
Completely unrelated to athletics but just a story about how gawdawful leadership at AState used to be. For a number of years AState was slowly sinking in the US News rankings.
Then one year while we are in a leadership search we pop way up, have a gain that frankly looks suspicious to me unless US News has changed its ranking system. By my good fortune, my son gets assigned by the school paper to interview the interim chancellor to sort out how the heck the ranking improved so much. Interim gives a blah blah blah explanation of they had taken care to insure they were properly credited for everything. Then he says "Want to know off-the-record what actually happened?" Son being no dummy says yes. "The person whose desk this survey always landed on would go to the file cabinet, pull out last year's answers and copy them down without check to see if the information was still accurate. When I was hired as Vice-Chancellor I thought the ranking seemed off so I had the person bring the surveys to me and I saw what had happened. When the next one arrived I made sure it had the updated information so we had the spike."
Par for the freaking course under the old leadership.