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Louisiana Legislative Audit - geauxcajuns - 02-12-2015 02:26 PM
The Louisiana Legislative Auditor has concluded their agreed upon procedures for a few of the athletic departments in the state for the fiscal year ending June 30, 2014. I'll leave out LSU and the FCS schools as they just are not good to compare to.
UL
Revenue: $21,297,114
Expenditures: $21,542,643
LA Tech
Revenue: $19,277,701
Expenditures: $19,239,017
ULM- not posted yet. I will update when it is (hopefully within the next week or two)
For comparison purposes, these numbers are from fiscal year ending June 30, 2010 (4 years ago), which was the last year before our run of bowl victories.
UL
Revenue: $12,280,070
Expenditures: $12,357,621
LA Tech
Revenue: $16,587,540
Expenditures: $16,481,887
ULM
Revenue: $10,752,992
Expenditures: $10,700,417
In nearly 4 years, we have doubled our revenues and expenditures. Our combined ticket and contribution revenue has jumped from $2.55M to $12.72M! Keep purchasing your season tickets...keep donating to the RCAF. Let's jump another $10M in 4 years! If we do that, our $30M budget falls in line with other CUSA schools...and we did it without a student fee!
I take no credit for this post, I copied it from another poster on raginpagin. It does show the current growth we are seeing in our program though
RE: Louisiana Legislative Audit - SOT1977 - 02-12-2015 08:22 PM
It also tells that Tech and ULM actually made money while ULL finished on the negative side of the ledger (the updated numbers for ULM will probably be on the plus side, too, but it'll be slim I'm sure).
BTW, why do the Cajun team buses....well, at least one...have Mississippi license plates? Is it leased?
RE: Louisiana Legislative Audit - Louisiana99 - 02-12-2015 08:26 PM
(02-12-2015 08:22 PM)SOT1977 Wrote: It also tells that Tech and ULM actually made money while ULL finished on the negative side of the ledger (the updated numbers for ULM will probably be on the plus side, too, but it'll be slim I'm sure).
BTW, why do the Cajun team buses....well, at least one...have Mississippi license plates? Is it leased?
We all take subsidies,none of us make sht.... But keep telling yourself that if it makes you feel better about your schools financial situation.
RE: Louisiana Legislative Audit - GSU Eagles - 02-12-2015 08:39 PM
Nice revenue growth since 2010. When is ULL going to put up a statue for Scott Farmer?
RE: Louisiana Legislative Audit - Louisiana99 - 02-12-2015 08:50 PM
(02-12-2015 08:39 PM)GSU Eagles Wrote: Nice revenue growth since 2010. When is ULL going to put up a statue for Scott Farmer?
I just always think how good we could do without him, majority of this is done in spite of him. If he ever gets out the way, we will grow much faster.
Louisiana Legislative Audit - bamaEagle - 02-12-2015 09:31 PM
(02-12-2015 08:50 PM)Louisiana99 Wrote:(02-12-2015 08:39 PM)GSU Eagles Wrote: Nice revenue growth since 2010. When is ULL going to put up a statue for Scott Farmer?
I just always think how good we could do without him, majority of this is done in spite of him. If he ever gets out the way, we will grow much faster.
Well since he has done such a terrible job ULL should just go ahead and fire him.
RE: Louisiana Legislative Audit - Louisiana99 - 02-12-2015 09:32 PM
(02-12-2015 09:31 PM)bamaEagle Wrote:(02-12-2015 08:50 PM)Louisiana99 Wrote:(02-12-2015 08:39 PM)GSU Eagles Wrote: Nice revenue growth since 2010. When is ULL going to put up a statue for Scott Farmer?
I just always think how good we could do without him, majority of this is done in spite of him. If he ever gets out the way, we will grow much faster.
Well since he has done such a terrible job ULL should just go ahead and fire him.
I wish we would
RE: Louisiana Legislative Audit - CajunFanatico - 02-12-2015 09:43 PM
Quote:2014
UL
Revenue: $21,297,114
Expenditures: $21,542,643
LA Tech
Revenue: $19,277,701
Expenditures: $19,239,017
2010
UL
Revenue: $12,280,070
Expenditures: $12,357,621
LA Tech
Revenue: $16,587,540
Expenditures: $16,481,887
The above figures go a long way towards explaining why virtually every LaTech fan on this site goes out of his way to point out the benefits of adding stAte or ANYONE other than the Cajun program to C-USA.
RE: Louisiana Legislative Audit - bamaEagle - 02-12-2015 10:19 PM
(02-12-2015 09:32 PM)Louisiana99 Wrote:(02-12-2015 09:31 PM)bamaEagle Wrote:(02-12-2015 08:50 PM)Louisiana99 Wrote:(02-12-2015 08:39 PM)GSU Eagles Wrote: Nice revenue growth since 2010. When is ULL going to put up a statue for Scott Farmer?
I just always think how good we could do without him, majority of this is done in spite of him. If he ever gets out the way, we will grow much faster.
Well since he has done such a terrible job ULL should just go ahead and fire him.
I wish we would
I guess I just don't understand. Just read this, http://www.ragincajuns.com/staff.aspx?staff=135 , and I really don't see what he has done that is so wrong.
RE: Louisiana Legislative Audit - CajunFanatico - 02-12-2015 10:23 PM
(02-12-2015 10:19 PM)bamaEagle Wrote:(02-12-2015 09:32 PM)Louisiana99 Wrote:(02-12-2015 09:31 PM)bamaEagle Wrote:(02-12-2015 08:50 PM)Louisiana99 Wrote:(02-12-2015 08:39 PM)GSU Eagles Wrote: Nice revenue growth since 2010. When is ULL going to put up a statue for Scott Farmer?
I just always think how good we could do without him, majority of this is done in spite of him. If he ever gets out the way, we will grow much faster.
Well since he has done such a terrible job ULL should just go ahead and fire him.
I wish we would
I guess I just don't understand. Just read this, http://www.ragincajuns.com/staff.aspx?staff=135 , and I really don't see what he has done that is so wrong.
From what I understand (and I've never met the man), he comes across as an insufferable pompous ass.
RE: Louisiana Legislative Audit - geauxcajuns - 02-12-2015 10:35 PM
(02-12-2015 10:19 PM)bamaEagle Wrote:(02-12-2015 09:32 PM)Louisiana99 Wrote:(02-12-2015 09:31 PM)bamaEagle Wrote:(02-12-2015 08:50 PM)Louisiana99 Wrote:(02-12-2015 08:39 PM)GSU Eagles Wrote: Nice revenue growth since 2010. When is ULL going to put up a statue for Scott Farmer?
I just always think how good we could do without him, majority of this is done in spite of him. If he ever gets out the way, we will grow much faster.
Well since he has done such a terrible job ULL should just go ahead and fire him.
I wish we would
I guess I just don't understand. Just read this, http://www.ragincajuns.com/staff.aspx?staff=135 , and I really don't see what he has done that is so wrong.
He ran off Mike Lotief, Mark Hudspeth, sent a power point slide to CUSA, believed La Tech wasn't going anywhere, felt the handshake deal with WKU, UNT, MTSU, FAU & FIU were solid. He is an entitled prick who feels as though he is above the fans.
Make no mistake about our success, it is solely based off of the formation of the Ragin Cajun Athletic Foundation. Once the RCAF is its own 501c independent fundraising arm outside of the restrictions the university similar to The Tiger Athletic Foundation (which it was modeled after) we will approach $40 million annually within 5 years of its independence without the use of student fees, or the full amount of the allowable general fund transfer.
RE: Louisiana Legislative Audit - bamaEagle - 02-12-2015 10:36 PM
(02-12-2015 10:23 PM)CajunFanatico Wrote:(02-12-2015 10:19 PM)bamaEagle Wrote:(02-12-2015 09:32 PM)Louisiana99 Wrote:(02-12-2015 09:31 PM)bamaEagle Wrote:(02-12-2015 08:50 PM)Louisiana99 Wrote: I just always think how good we could do without him, majority of this is done in spite of him. If he ever gets out the way, we will grow much faster.
Well since he has done such a terrible job ULL should just go ahead and fire him.
I wish we would
I guess I just don't understand. Just read this, http://www.ragincajuns.com/staff.aspx?staff=135 , and I really don't see what he has done that is so wrong.
From what I understand (and I've never met the man), he comes across as an insufferable pompous ass.
Hmm. If that's true I figured he would fit right in
RE: Louisiana Legislative Audit - Louisiana99 - 02-12-2015 10:49 PM
(02-12-2015 10:19 PM)bamaEagle Wrote:(02-12-2015 09:32 PM)Louisiana99 Wrote:(02-12-2015 09:31 PM)bamaEagle Wrote:(02-12-2015 08:50 PM)Louisiana99 Wrote:(02-12-2015 08:39 PM)GSU Eagles Wrote: Nice revenue growth since 2010. When is ULL going to put up a statue for Scott Farmer?
I just always think how good we could do without him, majority of this is done in spite of him. If he ever gets out the way, we will grow much faster.
Well since he has done such a terrible job ULL should just go ahead and fire him.
I wish we would
I guess I just don't understand. Just read this, http://www.ragincajuns.com/staff.aspx?staff=135 , and I really don't see what he has done that is so wrong.
He probably wrote that about himself
RE: Louisiana Legislative Audit - CajunFanatico - 02-12-2015 11:11 PM
He just looks like he needs a good *****-slappin'.
![[Image: headshot_2_Scott.Farmer.Web.jpg]](http://www.ragincajuns.com/images/2007/10/16/headshot_2_Scott.Farmer.Web.jpg)
RE: Louisiana Legislative Audit - TheRevSWT - 02-12-2015 11:55 PM
(02-12-2015 10:35 PM)geauxcajuns Wrote: He is an entitled prick who feels as though he is above the fans.
Make no mistake about our success, it is solely based off of the formation of the Ragin Cajun Athletic Foundation. Once the RCAF is its own 501c independent fundraising arm outside of the restrictions the university similar to The Tiger Athletic Foundation (which it was modeled after) we will approach $40 million annually within 5 years of its independence without the use of student fees, or the full amount of the allowable general fund transfer.
HOLY CRAP.. The first sentence could be said about our own AD, and the second paragraph really is a HUGE beef I have with our AD when he "absorbed" the Bobcat Club (not so much as an absorption, but rather a shut down and "reimagining" of the Bobcat Club).
RE: Louisiana Legislative Audit - BRtransplant - 02-13-2015 06:41 AM
(02-12-2015 09:43 PM)CajunFanatico Wrote:Quote:2014
UL
Revenue: $21,297,114
Expenditures: $21,542,643
LA Tech
Revenue: $19,277,701
Expenditures: $19,239,017
2010
UL
Revenue: $12,280,070
Expenditures: $12,357,621
LA Tech
Revenue: $16,587,540
Expenditures: $16,481,887
The above figures go a long way towards explaining why virtually every LaTech fan on this site goes out of his way to point out the benefits of adding stAte or ANYONE other than the Cajun program to C-USA.
You've got that all wrong. The reason we'd prefer to see stAte or anyone other than UL-L added to CUSA is that we prefer to be associated with people that are not complete delusional idiots like you. In case you haven't noticed, no other universities are falling all over themselves trying to be associated with UL-L either. That includes half of the members of the SBC whom Cajun fans are constantly bashing.
RE: Louisiana Legislative Audit - BRtransplant - 02-13-2015 06:44 AM
(02-12-2015 10:35 PM)geauxcajuns Wrote:$40 million annually within five years? Is it at that time that UL-L will move on to the Big 12?(02-12-2015 10:19 PM)bamaEagle Wrote:(02-12-2015 09:32 PM)Louisiana99 Wrote:(02-12-2015 09:31 PM)bamaEagle Wrote:(02-12-2015 08:50 PM)Louisiana99 Wrote: I just always think how good we could do without him, majority of this is done in spite of him. If he ever gets out the way, we will grow much faster.
Well since he has done such a terrible job ULL should just go ahead and fire him.
I wish we would
I guess I just don't understand. Just read this, http://www.ragincajuns.com/staff.aspx?staff=135 , and I really don't see what he has done that is so wrong.
He ran off Mike Lotief, Mark Hudspeth, sent a power point slide to CUSA, believed La Tech wasn't going anywhere, felt the handshake deal with WKU, UNT, MTSU, FAU & FIU were solid. He is an entitled prick who feels as though he is above the fans.
Make no mistake about our success, it is solely based off of the formation of the Ragin Cajun Athletic Foundation. Once the RCAF is its own 501c independent fundraising arm outside of the restrictions the university similar to The Tiger Athletic Foundation (which it was modeled after) we will approach $40 million annually within 5 years of its independence without the use of student fees, or the full amount of the allowable general fund transfer.
This is the kind of delusion I was talking about.
RE: Louisiana Legislative Audit - GSU Eagles - 02-13-2015 06:56 AM
(02-13-2015 06:44 AM)BRtransplant Wrote:(02-12-2015 10:35 PM)geauxcajuns Wrote:$40 million annually within five years? Is it at that time that UL-L will move on to the Big 12?(02-12-2015 10:19 PM)bamaEagle Wrote:(02-12-2015 09:32 PM)Louisiana99 Wrote:(02-12-2015 09:31 PM)bamaEagle Wrote: Well since he has done such a terrible job ULL should just go ahead and fire him.
I wish we would
I guess I just don't understand. Just read this, http://www.ragincajuns.com/staff.aspx?staff=135 , and I really don't see what he has done that is so wrong.
He ran off Mike Lotief, Mark Hudspeth, sent a power point slide to CUSA, believed La Tech wasn't going anywhere, felt the handshake deal with WKU, UNT, MTSU, FAU & FIU were solid. He is an entitled prick who feels as though he is above the fans.
Make no mistake about our success, it is solely based off of the formation of the Ragin Cajun Athletic Foundation. Once the RCAF is its own 501c independent fundraising arm outside of the restrictions the university similar to The Tiger Athletic Foundation (which it was modeled after) we will approach $40 million annually within 5 years of its independence without the use of student fees, or the full amount of the allowable general fund transfer.
Apparently they will be firing the AD that doubled their budget in 4 years, has the football playing the best in its 100+ year history and a baseball team that reached #1 in the polls. This new AD will be expected to get to the $40 million level in a few years as Farmer failed miserably.
RE: Louisiana Legislative Audit - Bigtom12 - 02-13-2015 07:50 AM
(02-13-2015 06:56 AM)GSU Eagles Wrote:(02-13-2015 06:44 AM)BRtransplant Wrote:(02-12-2015 10:35 PM)geauxcajuns Wrote:$40 million annually within five years? Is it at that time that UL-L will move on to the Big 12? :lmfao: This is the kind of delusion I was talking about.(02-12-2015 10:19 PM)bamaEagle Wrote:(02-12-2015 09:32 PM)Louisiana99 Wrote: I wish we would
I guess I just don't understand. Just read this, http://www.ragincajuns.com/staff.aspx?staff=135 , and I really don't see what he has done that is so wrong.
He ran off Mike Lotief, Mark Hudspeth, sent a power point slide to CUSA, believed La Tech wasn't going anywhere, felt the handshake deal with WKU, UNT, MTSU, FAU & FIU were solid. He is an entitled prick who feels as though he is above the fans.
Make no mistake about our success, it is solely based off of the formation of the Ragin Cajun Athletic Foundation. Once the RCAF is its own 501c independent fundraising arm outside of the restrictions the university similar to The Tiger Athletic Foundation (which it was modeled after) we will approach $40 million annually within 5 years of its independence without the use of student fees, or the full amount of the allowable general fund transfer.
Apparently they will be firing the AD that doubled their budget in 4 years, has the football playing the best in its 100+ year history and a baseball team that reached #1 in the polls. This new AD will be expected to get to the $40 million level in a few years as Farmer failed miserably.
We have done all that in spite of our AD. There two instances that the President of the University had to get involved. First is the Lotief situation, Lotief is probably the best coach we have ever had in softball, and instead of giving a raise to the softball coach he refuses and then he give our basketball coach an extension and a raise. Micheal Lotief quits, President finds out and resolves the issue.
Second situation is Mark Hudsbeth, it is my understanding that Tulane offered him 6 year 1 million dollars a year contract, instead of matching the Tulane offer he was preparing to let Hudsbeth go, and search for another coach, and the President had to get involved to keep Hudsbeth.
For the past 7 years he keeps saying we are not ready to move up, well we have raised our Athletic budget, built a athletic performance center, expanded the stadium, and built an indoor facility, and all the fans keep hearing is that we are not ready to move up.
This is all hearsay though
In my defense I am not in a position to judge, I personally think he is ok, but I think those three situations that has a cause a bit of a tizzy between him and the fans
RE: Louisiana Legislative Audit - swampbear - 02-13-2015 07:53 AM
(02-12-2015 08:22 PM)SOT1977 Wrote: It also tells that Tech and ULM actually made money while ULL finished on the negative side of the ledger (the updated numbers for ULM will probably be on the plus side, too, but it'll be slim I'm sure).
BTW, why do the Cajun team buses....well, at least one...have Mississippi license plates? Is it leased?
Made money?????