UNDhoops Posted March 4, 2019 Posted March 4, 2019 7 minutes ago, ChrisUND1 said: I heard at the local watering hole that when we had the fighting sioux nickname, the money was rolling in from donors at such a high level, that state funding wasn't even needed for UND. Now that they have that little postal dove logo, nobody is donating, it's no wonder they are having money issues. #SIOUXFOREVER! that would be as unsurprising as it is disappointing Quote
UND1983 Posted March 4, 2019 Posted March 4, 2019 8 minutes ago, UNDhoops said: that would be as unsurprising as it is disappointing He was kidding. I think Quote
Kab Posted March 4, 2019 Posted March 4, 2019 1.4 billion is about $1800 per person in the state the national debt is about $62000 per person in the country why is saving it such a bad thing Quote
Sioux68 Posted March 4, 2019 Posted March 4, 2019 3 hours ago, Old Fella said: Of course saving is a virtue/so is common sense. Saving in excess of 3,000 million dollars seem to me a little excssive. We now have 6,000 MILLION in savings. With revenue fom the oil royalties and income investing the current 6,000million at 2% the fund will soon be 10,000 million. How much should we save? Not sure my opinion that Bismarrck lacked vision is political. Never said Kennedy or BHE made any decision how the fund was spent. Said the board was inept. (Correct me if I'm Wrong) Question? When is the last time the Board hired a Chancellor or President of UND & NDSU that hasn't ended in a disaster? With volatile oil and farming, they need to be extra careful. Our carelessness is what got us into trouble last year. This is from an article in September https://www.governor.nd.gov/news/burgum-preliminary-revenue-forecast-reaffirms-need-conservative-approach-2019-2021-budget The state used roughly $800 million in reserve funds and transfers to balance the current general fund budget of $4.3 billion – a budget that had already been reduced by an unprecedented $1.7 billion from the previous biennium. Quote
Kab Posted March 4, 2019 Posted March 4, 2019 If it’s 6 billion now in the legacy it’s about $8000 per person im not sure how much is in that fund doubt we have caught up to the richest person who n the country yet Quote
UNDBIZ Posted March 4, 2019 Posted March 4, 2019 2 minutes ago, Kab said: 1.4 billion is about $1800 per person in the state Seems crazy, but $1800 will get you what, maybe 1 month in an assisted living facility? And that $1.4 billion is for 2 years. A lot of the state's human services spending is for the elderly and for medical costs. Quote
ChrisUND1 Posted March 4, 2019 Posted March 4, 2019 31 minutes ago, UND1983 said: He was kidding. I think The part about no money coming in was an actual statement I heard. Not sure if they knew about how the state funding component of running a university works. Quote
HawksHoops Posted March 4, 2019 Posted March 4, 2019 24 minutes ago, ChrisUND1 said: The part about no money coming in was an actual statement I heard. Not sure if they knew about how the state funding component of running a university. If by no money coming in, you mean $41.6M (FY 2014), $48.3M (FY 2015), $33.4M (FY 2016), $40M (FY 2017) and $34.7M (FY2018) in new gifts, pledges grants and bequests to the UND Foundation. What were the totals the last five years that we had the Sioux name because I'm having a hard time locating those numbers? https://undalumni.org/file/documents/financial/final_annual_report_on_giving.pdf 1 Quote
darell1976 Posted March 4, 2019 Posted March 4, 2019 2 hours ago, ChrisUND1 said: The part about no money coming in was an actual statement I heard. Not sure if they knew about how the state funding component of running a university works. When people drink all day they will say the darndest things. 2 Quote
The Sicatoka Posted March 4, 2019 Posted March 4, 2019 On 3/2/2019 at 3:17 PM, Oxbow6 said: But what about our "fixer" now in charge at UND? You can't tell me hasn't dealt what you are describing above prior to coming to UND. He's been a politician! As a former politician he's used to being on the "demanding tribute" side of the equation, not the "being demanded of". He was a 'fixer' in corporate life; that applies when dealing with internal budgets. Quote
Oxbow6 Posted March 4, 2019 Posted March 4, 2019 1 hour ago, The Sicatoka said: As a former politician he's used to being on the "demanding tribute" side of the equation, not the "being demanded of". He was a 'fixer' in corporate life; that applies when dealing with internal budgets. Oh........so he is not used to being put on notice! True leaders can't always be the hammer. Carry on...... Quote
fightingsioux4life Posted March 4, 2019 Posted March 4, 2019 On 3/2/2019 at 1:39 PM, MrEdway said: You don't have to kiss anyone's butt, but you don't have to be a complete asshat either. And I've seen nothing from Kennedy over the years to indicate he is nothing but a self centered asshat. Don't get me wrong, I am not a big Kennedy fan on most things and I think the sooner he takes another job, the better. But UND has been getting screwed on the REA contract since it opened and that represents a violation of the original charter, which is a legal issue. 1 Quote
iramurphy Posted March 4, 2019 Posted March 4, 2019 32 minutes ago, fightingsioux4life said: Don't get me wrong, I am not a big Kennedy fan on most things and I think the sooner he takes another job, the better. But UND has been getting screwed on the REA contract since it opened and that represents a violation of the original charter, which is a legal issue. What are you referring to? What "original charter"? The contract is a legal issue. I think UND gave up to much but UND must abide by the contract. 2 Quote
Siouxperfan7 Posted March 4, 2019 Posted March 4, 2019 3 minutes ago, iramurphy said: What are you referring to? What "original charter"? The contract is a legal issue. I think UND gave up to much but UND must abide by the contract. REA gets Football revenue. And recently has no say in how they want their official athletic logo displayed in the facilities where UND is their primary tenant. Crappy deal. And KEM throws a hissy fit and starts making threats when someone dares question to maybe renegotiate the deal or suggest the Hawks logo be displayed at center court. 2 Quote
fightingsioux4life Posted March 4, 2019 Posted March 4, 2019 10 minutes ago, iramurphy said: What are you referring to? What "original charter"? The contract is a legal issue. I think UND gave up to much but UND must abide by the contract. The arena was built to benefit UND as a whole. I would argue that isn't happening right now. The spirit of the contract is not being carried out. That is what I am getting at. And if KEM feels that it is a burden having to deal with REA and UND at all, perhaps we can negotiate an exit for her? 1 Quote
fightingsioux4life Posted March 4, 2019 Posted March 4, 2019 5 minutes ago, Siouxperfan7 said: REA gets Football revenue. And recently has no say in how they want their official athletic logo displayed in the facilities where UND is their primary tenant. Crappy deal. And KEM throws a hissy fit and starts making threats when someone dares question to maybe renegotiate the deal or suggest the Hawks logo be displayed at center court. When did that football revenue seizure start? I know it didn't start in 2001. Quote
UNDBIZ Posted March 4, 2019 Posted March 4, 2019 Just now, fightingsioux4life said: When did that football revenue seizure start? I know it didn't start in 2001. I believe it was with the building of the Betty. So around 2004. Quote
iramurphy Posted March 4, 2019 Posted March 4, 2019 1 minute ago, Siouxperfan7 said: REA gets Football revenue. And recently has no say in how they want their official athletic logo displayed in the facilities where UND is their primary tenant. Crappy deal. And KEM throws a hissy fit and starts making threats when someone dares question to maybe renegotiate the deal or suggest the Hawks logo be displayed at center court. I get all of that. I would agree the contract gives up way too much. No way should UND have agreed to put FB revenue outside of the athletic dept. I don't know about "hissy fits" but from what I understand about the contract, we do not have the upper hand. Quote
The Sicatoka Posted March 4, 2019 Posted March 4, 2019 22 hours ago, Old Fella said: We now have 6,000 MILLION in savings. The budget in the Legislature being proposed by the Governor is $14.2 billion ($14,200 million) for two years. $6,000 million runs the State for 10 months. 2 Quote
The Sicatoka Posted March 4, 2019 Posted March 4, 2019 18 hours ago, UNDBIZ said: Seems crazy, but $1800 will get you what, maybe 1 month in an assisted living facility? I write a check for a parent (who's no longer capable) for $6775 each month for their living facility. Then I write checks for medical insurance, prescription meds, and expenses of living. 2 Quote
iramurphy Posted March 4, 2019 Posted March 4, 2019 3 minutes ago, fightingsioux4life said: The arena was built to benefit UND as a whole. I would argue that isn't happening right now. The spirit of the contract is not being carried out. That is what I am getting at. And if KEM feels that it is a burden having to deal with REA and UND at all, perhaps we can negotiate an exit for her? I am not sure how we would know what the "spirit of the contract" is. The contract is also different from UND's Charter I agree that the arena was built to benefit UND. I was at the announcement ceremony and in the back room at Hyslop with UND officials, Ralph, and others after the announcement. From everything I heard there, this was to benefit, not just UND hockey, but UND athletics. Most of the work and planning involved Ralph and hockey people though. The contract was likely recommended to Kupchella by Tom Clifford and Earl Strinden, who did the key work with Ralph on behalf of UND over the years of planning and building. There is no reason to be disrespectful of the opinions and work of KEM. She is abiding by the contract. UND needs to be respectful in the efforts to tweak the contract. It isn't her fault if we negotiated FB moneys to the REA. It seems she has inherited her Dad's impatience with politicians and administrators. I do not know timing of the issue with FB monies. I do feel that the REA needs to move past the logo issue. We have a new one. Who cares? It hurts UND and UND hockey to continue all of the negative publicity, negative energy and arguing over a logo or mascot. No one cared about the name and logo for years and it never won or lost us any games. The only logo worth. I doubt the logo is part of the contract It was never a requirement in the contract for the Arena in the first place, despite what some believe. Although I disagree with a donor refusing to work with UND unless the President is replaced, I think Kennedy handled the issue poorly. 1 Quote
Old Fella Posted March 4, 2019 Posted March 4, 2019 41 minutes ago, The Sicatoka said: The budget in the Legislature being proposed by the Governor is $14.2 billion ($14,200 million) for two years. $6,000 million runs the State for 10 months. How much is Federal $'s Quote
UNDBIZ Posted March 4, 2019 Posted March 4, 2019 8 minutes ago, Old Fella said: How much is Federal $'s $3.7 billion Quote
Popular Post Siouxperfan7 Posted March 4, 2019 Popular Post Posted March 4, 2019 1 hour ago, iramurphy said: I get all of that. I would agree the contract gives up way too much. No way should UND have agreed to put FB revenue outside of the athletic dept. I don't know about "hissy fits" but from what I understand about the contract, we do not have the upper hand. Kennedy wanted to renegotiate the contract to look at the amount of revenue UND gets. (The contract that is supposed to get negotiated every year....but hasn't been until Kennedy did). Also wanted the new Fighting Hawks logo at midcourt of the to be newly painted Betty floor upon the request of every coach whose teams played there and KEM didn't even think twice and said no. then she went to the Herald and complained about Kennedy. I would call that a hissy fit. She came of as basically saying "How dare this man even question anything this Foundation and the REA is doing. Doesn't he know who I am and who my father was?" The very definiting on entitlement. And now she wants Kennedy fired.....or else!!! So sick of her. 2 3 Quote
The Sicatoka Posted March 4, 2019 Posted March 4, 2019 1 hour ago, iramurphy said: Although I disagree with a donor refusing to work with UND unless the President is replaced, I think Kennedy handled the issue poorly. Lots and lots of egos leading to misadventures all around. 2 Quote
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