This is one of the big questions I have been asking over the last few months. What happens if there is no football?
Pac-12 is working on a loan program.
Pac-12 is working on a loan program.
Isn’t this more they are reselling their tv rights?I seem to remember JP saying in one of his recent letters that at Iowa State they are not allowed to borrow funds for operating expenses. Maybe his comment was only related to the bonds being tax exempt?
Overall, not a bad idea to spread out the problem over several years.
One football season. What a house of cards with apparently no foresight or disaster plan for any school.
Non profits are allowed to run a surplus. They are limited in what they can do with that surplus. Many try to maximize their surplus, like for profit companies try to maximize their profit, so they can grow in size to offer their services to more people.Hard to have a rainy day fund when you’re not supposed to be for profit or have left over funds at the end of the fiscal year.
So can a state university run a large surplus and have funds that aren’t earmarked, like a rainy day fund?Non profits are allowed to run a surplus. They are limited in what they can do with that surplus. Many try to maximize their surplus, like for profit companies try to maximize their profit, so they can grow in size to offer their services to more people.
So can a state university run a large surplus and have funds that aren’t earmarked, like a rainy day fund?
So based on the current Iowa legislature and budget climate, any large surplus is probably not likely to happen.As big a surplus as the BOR and the Iowa Legislature will let them have, plus whatever unallocated income is available in the Foundation.
honest question here.... Do you just hate life in general? like most posts from you are all doom and gloom about everything it seams.... the guys want to play football this year, everyone wants to see them play football.. play ball....One football season. What a house of cards with apparently no foresight or disaster plan for any school.
I'd like to see a list of government entities, corporations and businesses that would survive losing an entire year of revenue.One football season. What a house of cards with apparently no foresight or disaster plan for any school.
Back when Hilton flooded, I seem to remember someone reporting that ISU is self insured and the athletic department had to file their insurance claim with the university.So can a state university run a large surplus and have funds that aren’t earmarked, like a rainy day fund?
Is this why my priority seating donations go to the foundation and not the athletic department? I've always found it strange that revenue always matched expenses even when the number of people attending games and rapidly increasing expenses were not in sync. Even happened in years when ticket prices and donation levels did not increase.As big a surplus as the BOR and the Iowa Legislature will let them have, plus whatever unallocated income is available in the Foundation.
Which is also a problem. Gone are the days of being conservative and prepared for the unknown. Just whine and ask for a taxpayer bailout, and continue on.I'd like to see a list of government entities, corporations and businesses that would survive losing an entire year of revenue.
Which is also a problem. Gone are the days of being conservative and prepared for the unknown. Just whine and ask for a taxpayer bailout, and continue on.