UND92,96 Posted October 18, 2005 Posted October 18, 2005 Here's the new information for the fiscal year ending in June of 2005: link. I'm not quite sure what to make of this since the minutes from the May IAC meeting indicated there was an expected budget shortfall of over $250,000 for fiscal year 2005. Maybe more money than expected came from REA? Quote
IowaBison Posted October 18, 2005 Posted October 18, 2005 Thanks, UND92,96. I forgot that was on its way out. Quote
UND Fan Posted October 18, 2005 Posted October 18, 2005 Here's the new information for the fiscal year ending in June of 2005: link. I'm not quite sure what to make of this since the minutes from the May IAC meeting indicated there was an expected budget shortfall of over $250,000 for fiscal year 2005. Maybe more money than expected came from REA? <{POST_SNAPBACK}> Enlighten me. I went to this site and found UND but where did you find info regarding the budget, etc.? Quote
UND92,96 Posted October 18, 2005 Author Posted October 18, 2005 Enlighten me. I went to this site and found UND but where did you find info regarding the budget, etc.? <{POST_SNAPBACK}> I just looked at the reported gross revenue of $10,021,643 compared to the reported gross expenses of $9,958,728. It's on the yellow highlighted portion of the linked page. Quote
UND92,96 Posted October 18, 2005 Author Posted October 18, 2005 I'm not sure what the deal is with the link I posted earlier, but after awhile, it seems to change from a link to the UND page to a link to the NDSU page. I've changed it twice already, and it has eventually changed back to the NDSU page each time. So I guess instead of changing it again, I'll just give a heads-up that this is an ongoing problem. Sorry for any confusion this has caused. EDIT: The link seems to be working again now, but don't be surprised if it isn't later in the day. Quote
GCWaters Posted October 18, 2005 Posted October 18, 2005 I'm not sure what the deal is with the link I posted earlier, but after awhile, it seems to change from the UND information to the NDSU information. I've changed it twice already, and it has eventually changed back to the NDSU information each time. So I guess instead of changing it again, I'll just give a heads-up that this is an ongoing problem. <{POST_SNAPBACK}> The NDSU data is last year's (03 - 04), not this year's...not sure what's going on... Quote
jimdahl Posted October 18, 2005 Posted October 18, 2005 I'm not sure what the deal is with the link I posted earlier, but after awhile, it seems to change from a link to the UND page to a link to the NDSU page. I've changed it twice already, and it has eventually changed back to the NDSU page each time. So I guess instead of changing it again, I'll just give a heads-up that this is an ongoing problem. Sorry for any confusion this has caused. EDIT: The link seems to be working again now, but don't be surprised if it isn't later in the day. The link (http://ope.ed.gov/athletics/InstDetail.asp?CRITERIA=3) doesn't seem to actually include any information about the institution so my guess is that it just takes you to whatever school you were last looking at (probably stored in a cookie in your browser). When I click it I land on an index page. Quote
The Sicatoka Posted October 18, 2005 Posted October 18, 2005 What I see in those numbers is this: 1. UND has reported FY05 (yes, FY05*) and come in about $62,900 in the black (by EADA accounting**). 2. NDSU's numbers are still FY04 numbers. * UND and NDSU athletics are both currently in FY 06. The fiscal year for each started on July 1, 2005. ** It's anyone's guess if EADA reporting and accounting matches UND's methods of internal accounting. EADA could look at some things as "revenues" that UND considers internally "expenses" or doesn't consider (or vice versa). Quote
The Sicatoka Posted October 19, 2005 Posted October 19, 2005 Could the shortfalls he sees not be purely "fiscal" but "facilities" related? (Facilities require fundraising also.) I'm yet to be in a room with him when I haven't heard him mention the need to bring the facilities for the other sport in line with those available to hockey, basketball, volleyball, and football. Quote
UND92,96 Posted November 1, 2005 Author Posted November 1, 2005 NDSU's fiscal year 2005 numbers are now out, and they're reporting to have broken even, with revenues and expenses both reported at $7,668,848. I won't bother trying a link after the difficulties I encountered trying a link to the UND numbers. Quote
Cratter Posted November 1, 2005 Posted November 1, 2005 NDSU's fiscal year 2005 numbers are now out, and they're reporting to have broken even, with revenues and expenses both reported at $7,668,848. I won't bother trying a link after the difficulties I encountered trying a link to the UND numbers. Two words: "audit" Quote
The Sicatoka Posted November 3, 2005 Posted November 3, 2005 Amazing how on a $7,668,848 set of expenses they had exactly $7,668,848 in revenues. Why'd the words "Arthur Anderson" and "Enron" just jump into my head? Quote
NDSU grad Posted November 4, 2005 Posted November 4, 2005 Amazing how on a $7,668,848 set of expenses they had exactly $7,668,848 in revenues. Why'd the words "Arthur Anderson" and "Enron" just jump into my head? My guess (and that's all it is) is that we used tuition waivers to cover the deficit. Quote
The Sicatoka Posted November 4, 2005 Posted November 4, 2005 My guess (and that's all it is) is that we used tuition waivers to cover the deficit. That'd be a first assumption I'd have to go with also. (That could cause that "miraculous" alignment of costs and revenues.) Quote
GCWaters Posted November 4, 2005 Posted November 4, 2005 That'd be a first assumption I'd have to go with also. (That could cause that "miraculous" alignment of costs and revenues.) From what I've heard, that's not the case--waivers may be under consideration for the future, but I don't believe they've been used in the past...Maybe Irv is just better than you guys think?! Quote
Hansel Posted November 4, 2005 Posted November 4, 2005 I'm guessing both NDSU and UND have changed how they report their data. Quote
RD17 Posted November 4, 2005 Posted November 4, 2005 There was this article in the USA Today a couple of weeks ago that talked about the incredible amount of inaccuracies in these reports. The other thing to remember is that there is no accounting standardization and a great deal of gray area. So what what school may be reporting as revenue, another isn't, etc. Quote
bisonguy Posted November 4, 2005 Posted November 4, 2005 I'm guessing both NDSU and UND have changed how they report their data. Obviously, as UND has numbers in that shady "Not allocated by gender/sport" column this year. Quote
IowaBison Posted November 4, 2005 Posted November 4, 2005 I really think that one of the State's legislators should require each school in the state to fill out a uniform athletic financial reporting form. The only two numbers I care about: Tuition waivers, if any. Discretionary university funds spent on athletics. I want this from everybody from Lake Region State to UND and NDSU. I'm just as confused by how little junior colleges scrap up money for scholarships. That'd be a first assumption I'd have to go with also. (That could cause that "miraculous" alignment of costs and revenues.) Alternatively, I believe that a few boosters (and if you're familiar with Team Makers and the University, you know who these people are) covered the gap in last minute donations. Anybody else remember who Team Makers came up with a few hundred thousand dollars last minute in the spring, that wasn't me. Quote
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