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    ISU Athletic Budget

    Budget deficit depletes Iowa State's reserve fund | DesMoinesRegister.com | The Des Moines Register

    The headline is misleading. Good write up on why the budget doesnt look so good on paper.


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    Re: ISU Athletic Budget

    Good article..Witosky hearts the open record law.



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    Re: ISU Athletic Budget

    Quote Originally Posted by 4429 mcc View Post
    Good article..Witosky hearts the open record law.
    Yes he does, he wouldnt have a job without it.


    The gap in our economy is between what we have and what we think we ought to have--and that is a moral problem, not an economic one. - Paul Heyne

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    Re: ISU Athletic Budget

    *sigh* I can just hear the Hawk fans spinning this. "You're athetiks departmant iz gonnna fail!"*

    To me, it just underscores the good work Pollard is doing and the need for more athletics donors.

    *Note: Spelling intentionally changed to accurately represent stupidity of fan base.



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    Re: ISU Athletic Budget

    Sounds like good fiscal managment to me.



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    Re: ISU Athletic Budget

    There will definitely be a thread on HR about this saying Pollard's ways are killing ISU financially.



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    Re: ISU Athletic Budget

    Seems a correction of accounting practices - nothing more. A slow day for the DMR.

    With that said...

    Financially, we're going to need to start winning in the "big two" sports very soon - or we're going to be in trouble. I think of both programs, or at the very least one of them, isn't "successful" by the end of the '09/'10 season - there will be a lot of trying to get blood from a turnip. Fans, corporations and such have been asked to do a lot recently and those "demands" are certainly not going away.

    In the event FB and/or BB can't start putting something together to show for the money/efforts - we'll be setting ourselves up for a financial disaster. Pollard & Co. can only market a mediocre product for so long.

    I absolutely love that he's been aggressive from day one. The upgrades were much needed. Changes in staff and other practices needed as well to move forward. Overall excitement is probably as high as it's been in a very long time - if ever. But like I said - it can only last so long. Just like adrenaline eventually runs out for an athlete - so does excitement of potential for fans.

    The things done were a significant risk. You can't reap great rewards without risk though and it needed to be done. So I'm not questioning it at all. And I feel confident with the people we have in place - success will come.

    My worry in the pit of my stomach though is - what if it doesn't come soon? Restlessness is already starting to take place - albeit not the norm - it's there.

    We need to win and it needs to happen very soon - or we'll be set back so far, I'm not sure what will be able to save us. There's a lot of pressure on these guys to produce. I hope them come through for us.



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    Re: ISU Athletic Budget

    So the meltdown threads ARE warranted after every future loss in basketball and football.



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    Re: ISU Athletic Budget

    Not once did I say that. We do have to give this time. Yet I can't see it being 3-4 years - but instead it needs to happen within 2 more - at the most 3.

    After that, unless there is a swift, significant upswing in success - it's a very tough road ahead for Pollard.



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    Re: ISU Athletic Budget

    Only a bunch of financial/accounting nerds would even care about accounting practices....

    Its merely a correction to make jp's budget numbers look more credible/correct.

    Plan on playing golf around march 20th!!!!!!!!!!!!!!!!



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    Re: ISU Athletic Budget

    You will not be playing golf on March 20th, May 20th if you are lucky. Ankeny has about 2 feeet of snow and it is -9 degrees wind chill right now.



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    Re: ISU Athletic Budget

    I don't think this is that big a deal. JP knew there was an accountng problem that need to be corrected and he took care of it. Plus he knew it was going to look bad, so he accelerated the payoff off McCarnery and Morgan to get that off the books for future accounting.

    When you get down to the brass tacks, it's a problem that was created by a past athletic administator. Now if we were seeing chronic losses, I would be concerned.



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    Re: ISU Athletic Budget

    "Unacceptable accounting practices" is what I read. Some AD in the past took 2 years worth of football receipts in the same year to make the budget look good. JP straightened out the accounting record in '07 so it does not linger into the future, good for us. He said, "because if we didn't do it, we would have been misleading people".

    There was no mention of record football or basketball season ticket sales last year.


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    Re: ISU Athletic Budget

    Quote Originally Posted by Splendid View Post
    "Unacceptable accounting practices" is what I read. Some AD in the past took 2 years worth of football receipts in the same year to make the budget look good.
    I just skimmed the article quickly. Did it mention when this previous practice started? Has it been going on for a long time?


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    Re: ISU Athletic Budget

    It specifically noted Pollard was not aware when the "odd accounting" practices started.



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