T_Won1
All American
Posts: 4,987
Joined: Oct 2005
Reputation: 91
I Root For: Louisiana Tech
Location: Dallas, TX
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RE: Why does Louisiana Tech have a bigger budget than the Cajuns?
(06-05-2012 06:31 AM)CajunExpress Wrote: (06-05-2012 06:12 AM)T_Won1 Wrote: (06-04-2012 04:15 PM)eager eagle Wrote: (06-04-2012 10:57 AM)T_Won1 Wrote: (06-03-2012 08:15 PM)eager eagle Wrote: ----------------------------------------------------
I am back, been on a "working vacation" for a month with no time for trivial matters like message boards. However, its fun and I will initially start pitching in only with factual stuff, holding personal opinions until later.
The reason why La Tech has a bigger budget is because they transfer more from the university general fund to cover their expenses than does ULL. Last Louisiana Legislative Auditor report shows Tech came up short on last years budget (income vs expenses) by $9, 238,000 and transferred that amount from school funds (taxpayer dollars) in order to get a balance. ULL lacked only $5,827,000 in generating enough funds to cover their $13,556,000 budget and transferred that amount for a balance. Thus, Tech used $3,411,000 more in taxpayer funds, the difference in Lt and Ull budget was $3,590,000 so if ULL transferred as much to cover their shortage as LT then budgets would be basically the same.
Donations to ULL was $2,041,000 compared to Tech fan donations of $2,523,000, a difference of about a half mil.
Another thing: Why do you and Velton Knight believe this is how budgets are made? Do you think Tech just spends whatever amount they want to and then take whatever amount they need from the general fund? Or do you think they know how much they will be transferring from the general fund and budget around that amount? You and Velton keep calling this a loss, but that seems intellectually dishonest to me. General fund transfers are part of the budget. Right?
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I dont know why you keep mentioning a person named Velton Knight but if you want to know what he thinks then I suggest giving him a call. I talked to him one time, he was listed in the Baton Rouge directory.
So far as my opinion lets put it like this. Tech spent $17,135,283 on their athletic program for fiscal year ending 6-01-2011. The program generated through ticket sales, donations, guarantees, etc only $7,907,648 resulting on a LOSS on operations of $9,238,911. It makes no difference if they budgeted for the loss up front or was surprised by that amount when they closed the books-same thing-they lost over $9million bucks. ULL spent $13,946,204, generated only $7,308,123 for a LOSS on operations of $6,638,081. These losses, both LT and ULL, were covered by transferring money from the general fund (taxpayer dollars) except ULL used just $5,827,446 for that purpose thus carried a negative balance on their budget report.
The final year end results are what counts, not how calculations are made up front. Just because the state allows the money to be sucked from the general fund DOES NOT transpose it into legitimately generated revenue.
I see. So based on these numbers, USM lost about 7 Million in 2010 and had to borrow 6 Million from the students and 1 Million from the state to balance their budget?
http://blogs.clarionledger.com/um/2010/0...-and-usm/#
And really all Non-AQ schools lose about 20 Million a year, but then transfer money the students have to pay for athletics to cover the losses.
It matters not if it is from the school general fund, fees applied to students,or a combination of both, the cost of education is impacted by NCAA sports. With fees, which neither UL nor LTU currently have, the cost is direct.
But the students do get to vote for how much they want to pay to the athletic dept to cover the huge losses. I guess at some point Louisiana residents must have voted that they would rather fund athletic dept's than pass that obligation on to their children.
(This post was last modified: 06-05-2012 06:41 AM by T_Won1.)
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