planet2county Posted June 19, 2019 Posted June 19, 2019 https://s3.amazonaws.com/undsports.com/documents/2019/5/17/FY_2018_NCAA_Report_Filed.pdf Quote
SWSiouxMN Posted June 19, 2019 Posted June 19, 2019 Interesting that they made a profit.... ($1.2 million of it) Now wonder where that will go? Wonder how this compared to last years report (anybody have that at the ready or know where to find it?) Quote
darell1976 Posted June 19, 2019 Posted June 19, 2019 4 hours ago, SWSiouxMN said: Interesting that they made a profit.... ($1.2 million of it) Now wonder where that will go? Wonder how this compared to last years report (anybody have that at the ready or know where to find it?) https://s3.amazonaws.com/undsports.com/documents/2019/5/17/FY_2017_NCAA_Report_Filed.pdf We had 1.4 mil of profit last year, travel expenses went from 3.1mil in 2017 to 2.8 mil in 2018 so saving $300,000 helps. 1 Quote
UNDBIZ Posted June 19, 2019 Posted June 19, 2019 FY2018 ended June 30, 2018. So we aren't even seeing the impact of the Summit move yet in this report. Quote
zonadub Posted June 19, 2019 Posted June 19, 2019 2 hours ago, UNDBIZ said: FY2018 ended June 30, 2018. So we aren't even seeing the impact of the Summit move yet in this report. So UND could have stayed in the Big Sky and not run a deficit? Quote
UNDBIZ Posted June 19, 2019 Posted June 19, 2019 2 minutes ago, zonadub said: So UND could have stayed in the Big Sky and not run a deficit? Looks like revenues included $6.5 million from direct institutional support in addition to $3.6 million from student fees, so basing profit/deficit talk on the bottom line from this report is kind of misguided. 2 Quote
UNDBIZ Posted June 19, 2019 Posted June 19, 2019 With that said, direct institutional support was $7.8 million in 2017 according to the report Darell linked. So it's good to see athletics' reliance on UND's operating funds decrease. 1 Quote
SWSiouxMN Posted June 21, 2019 Posted June 21, 2019 What does UND do with that money anyways? (The $1.2 million) honestly curious because I have no idea. Quote
UNDBIZ Posted June 21, 2019 Posted June 21, 2019 13 minutes ago, SWSiouxMN said: What does UND do with that money anyways? (The $1.2 million) honestly curious because I have no idea. Probably just allocates less general operations money to athletics the following year. Quote
nodak651 Posted June 21, 2019 Posted June 21, 2019 Here is the NDSU report, for those interested. https://www.scribd.com/document/414083370/NCAA-Financial-Report-2017-18-NDSU?secret_password=ZyNO5fOcrqguPNpLqLzt Quote
nodak651 Posted June 21, 2019 Posted June 21, 2019 Does anyone know if the ticket revenue in UND's report is before are after the Ralph's 52% cut? The reason I ask this is because I do not see an expense anywhere on the Ralph's financial statement, where they show an expense for UND's 48% cut of tickets. So I feel like they each show their revenue, if paid to them directly by ticketmaster, and neither show an expense for the other's share of tickets. So the ticket sales essentially could be double. Am I missing something here? The only place that I could maybe see it accounted for is under Athletic Facilities Debt Services, Leases, and Rental Fee, but that number isn't high enough. Anyone have any insight on this? The Ralphs 2017 financials Quote
darell1976 Posted June 21, 2019 Posted June 21, 2019 2 hours ago, nodak651 said: Here is the NDSU report, for those interested. https://www.scribd.com/document/414083370/NCAA-Financial-Report-2017-18-NDSU?secret_password=ZyNO5fOcrqguPNpLqLzt $119,224 profit? Does that go to legal fees? Quote
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