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Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
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mturn017 Online
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Post: #31
RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
Here are the NCAA Agreed Upon Procedures that Universities are supposed to be following. The Revenue and Expense categories are listed and explained in Appendix A&B. USA Today groups several categories together to get to the categories listed on the spreadsheet.


http://www.ncaa.org/sites/default/files/...170515.pdf
07-07-2017 08:33 AM
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Post: #32
RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
(07-06-2017 10:27 PM)panama Wrote:  
(07-06-2017 10:23 PM)arkstfan Wrote:  
(07-06-2017 10:09 PM)Fighting Muskie Wrote:  I'm a little shocked to see Arkansas St on here. Are they doing some fancy accounting down there or something? It's odd that C-USA would pass up on a program with such a good financial footing then again all of their expansion moves have been about chasing markets.

No fancy accounting. Some big one-time gifts to fund a new press box with suites, club seating and loge boxes.

For example the bank that had our naming rights deal was bought out. The new owner helped fund the renovation by paying the present value of the entire deal in a lump sum. The owner of the bank that bought the bank out, donated $5 million personally toward the renovation.

That plus other giving and first year payments on premium seating (7 year commitments) and new record season ticket sales boosted revenue nearly $15 million while school subsidy dropped by $1 million so budget goes up $14 million for the year.
Umm...two paragraphs equals fancy. But kudos for getting r done

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Well I could have stopped at "Some big one-time gifts to fund a new press box with suites, club seating and loge boxes." So nothing fancy about reporting a $5 million check.
07-07-2017 09:16 AM
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panama Offline
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Post: #33
RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
(07-07-2017 09:16 AM)arkstfan Wrote:  
(07-06-2017 10:27 PM)panama Wrote:  
(07-06-2017 10:23 PM)arkstfan Wrote:  
(07-06-2017 10:09 PM)Fighting Muskie Wrote:  I'm a little shocked to see Arkansas St on here. Are they doing some fancy accounting down there or something? It's odd that C-USA would pass up on a program with such a good financial footing then again all of their expansion moves have been about chasing markets.

No fancy accounting. Some big one-time gifts to fund a new press box with suites, club seating and loge boxes.

For example the bank that had our naming rights deal was bought out. The new owner helped fund the renovation by paying the present value of the entire deal in a lump sum. The owner of the bank that bought the bank out, donated $5 million personally toward the renovation.

That plus other giving and first year payments on premium seating (7 year commitments) and new record season ticket sales boosted revenue nearly $15 million while school subsidy dropped by $1 million so budget goes up $14 million for the year.
Umm...two paragraphs equals fancy. But kudos for getting r done

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Well I could have stopped at "Some big one-time gifts to fund a new press box with suites, club seating and loge boxes." So nothing fancy about reporting a $5 million check.
Joking

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07-07-2017 09:16 AM
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Post: #34
RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
(07-07-2017 07:45 AM)MinerInWisconsin Wrote:  
(07-06-2017 10:23 PM)arkstfan Wrote:  
(07-06-2017 10:09 PM)Fighting Muskie Wrote:  I'm a little shocked to see Arkansas St on here. Are they doing some fancy accounting down there or something? It's odd that C-USA would pass up on a program with such a good financial footing then again all of their expansion moves have been about chasing markets.

No fancy accounting. Some big one-time gifts to fund a new press box with suites, club seating and loge boxes.

For example the bank that had our naming rights deal was bought out. The new owner helped fund the renovation by paying the present value of the entire deal in a lump sum. The owner of the bank that bought the bank out, donated $5 million personally toward the renovation.

That plus other giving and first year payments on premium seating (7 year commitments) and new record season ticket sales boosted revenue nearly $15 million while school subsidy dropped by $1 million so budget goes up $14 million for the year.

It is curious, for all schools, what goes into the USAToday column titled "Other". That is the only column that went way up for ASU and it went up by about 15.7 million dollars. Don't know if there is a standardized reporting method for all schools but the "other" column for ASU is explained well by you.

That's just it, there is no standardized accounting.
I've gone round and round before over how AState has reported donations to USA Today. We don't report donations to our booster club unless the money passes through the athletic department. So if a coach receives a supplement, if it is paid directly to the coach from the booster club, not reported. Paid to the school and the school adds it to what comes from the line item state budget, it is reported. Video boards don't go on the athletic department books as inventory until the booster club paid for it. As a former booster club board of directors member I stayed puckered about getting that thing paid off and off our books because it wasn't covered by the university blanket insurance policy until we handed it over.
07-07-2017 09:22 AM
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Post: #35
RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
(07-07-2017 08:00 AM)CougarRed Wrote:  
(07-06-2017 07:45 PM)arkstfan Wrote:  Exactly. If you are spending $10 million in the year to build something because you have an extra $10 million from whatever source it goes on the books as $10 million more in expense and $10 million more in revenue.

The point is some schools report combined operational expenses/revenues with capital project expenses/revenues.

And some do not.

Which leads to faulty comparisons.

Based on my observation, I am pretty certain that schools are fairly uniform in adding capital expenditures with the payment mechanism being the determinant in whether it shows up in a single year or over 10 years.

AState reported the press box construction in a single year because the money all arrived up front. The indoor practice facility was built with bond debt so expense and revenue to pay are laid out over 10 years.
07-07-2017 09:25 AM
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mturn017 Online
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Post: #36
RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
(07-07-2017 09:22 AM)arkstfan Wrote:  
(07-07-2017 07:45 AM)MinerInWisconsin Wrote:  
(07-06-2017 10:23 PM)arkstfan Wrote:  
(07-06-2017 10:09 PM)Fighting Muskie Wrote:  I'm a little shocked to see Arkansas St on here. Are they doing some fancy accounting down there or something? It's odd that C-USA would pass up on a program with such a good financial footing then again all of their expansion moves have been about chasing markets.

No fancy accounting. Some big one-time gifts to fund a new press box with suites, club seating and loge boxes.

For example the bank that had our naming rights deal was bought out. The new owner helped fund the renovation by paying the present value of the entire deal in a lump sum. The owner of the bank that bought the bank out, donated $5 million personally toward the renovation.

That plus other giving and first year payments on premium seating (7 year commitments) and new record season ticket sales boosted revenue nearly $15 million while school subsidy dropped by $1 million so budget goes up $14 million for the year.

It is curious, for all schools, what goes into the USAToday column titled "Other". That is the only column that went way up for ASU and it went up by about 15.7 million dollars. Don't know if there is a standardized reporting method for all schools but the "other" column for ASU is explained well by you.

That's just it, there is no standardized accounting.
I've gone round and round before over how AState has reported donations to USA Today. We don't report donations to our booster club unless the money passes through the athletic department. So if a coach receives a supplement, if it is paid directly to the coach from the booster club, not reported. Paid to the school and the school adds it to what comes from the line item state budget, it is reported. Video boards don't go on the athletic department books as inventory until the booster club paid for it. As a former booster club board of directors member I stayed puckered about getting that thing paid off and off our books because it wasn't covered by the university blanket insurance policy until we handed it over.

They've changed a lot of the standards so there is less ambiguity. There are still some differences in interpretations as far as what's University versus Athletics expense and how much general overhead should be applied to athletics, etc. But if your booster club is paying part of your coaches salary it absolutely should be reported. They've made that clear in the last couple of years. Look at the agreed upon procedures link I provided a couple posts ago.
07-07-2017 10:09 AM
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Post: #37
RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
(07-07-2017 10:09 AM)mturn017 Wrote:  
(07-07-2017 09:22 AM)arkstfan Wrote:  
(07-07-2017 07:45 AM)MinerInWisconsin Wrote:  
(07-06-2017 10:23 PM)arkstfan Wrote:  
(07-06-2017 10:09 PM)Fighting Muskie Wrote:  I'm a little shocked to see Arkansas St on here. Are they doing some fancy accounting down there or something? It's odd that C-USA would pass up on a program with such a good financial footing then again all of their expansion moves have been about chasing markets.

No fancy accounting. Some big one-time gifts to fund a new press box with suites, club seating and loge boxes.

For example the bank that had our naming rights deal was bought out. The new owner helped fund the renovation by paying the present value of the entire deal in a lump sum. The owner of the bank that bought the bank out, donated $5 million personally toward the renovation.

That plus other giving and first year payments on premium seating (7 year commitments) and new record season ticket sales boosted revenue nearly $15 million while school subsidy dropped by $1 million so budget goes up $14 million for the year.

It is curious, for all schools, what goes into the USAToday column titled "Other". That is the only column that went way up for ASU and it went up by about 15.7 million dollars. Don't know if there is a standardized reporting method for all schools but the "other" column for ASU is explained well by you.

That's just it, there is no standardized accounting.
I've gone round and round before over how AState has reported donations to USA Today. We don't report donations to our booster club unless the money passes through the athletic department. So if a coach receives a supplement, if it is paid directly to the coach from the booster club, not reported. Paid to the school and the school adds it to what comes from the line item state budget, it is reported. Video boards don't go on the athletic department books as inventory until the booster club paid for it. As a former booster club board of directors member I stayed puckered about getting that thing paid off and off our books because it wasn't covered by the university blanket insurance policy until we handed it over.

They've changed a lot of the standards so there is less ambiguity. There are still some differences in interpretations as far as what's University versus Athletics expense and how much general overhead should be applied to athletics, etc. But if your booster club is paying part of your coaches salary it absolutely should be reported. They've made that clear in the last couple of years. Look at the agreed upon procedures link I provided a couple posts ago.
What is reported to the NCAA and USA Today hasn't historically been consistent. I would hope USA Today has caught on and just FOI's the report because then you get better consistency.

That's what the Kansas City Star did years ago with Kansas football. Finally sent an FOI for the I-A certification report due in February each year. What Kansas was reporting in football box scores was much higher than what they certified to the NCAA. If you look at the NCAA attendance report, that is box score numbers and not used to determine if a school is in compliance with FBS rules.
07-07-2017 11:40 AM
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Eldonabe Offline
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Post: #38
RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
(07-07-2017 10:09 AM)mturn017 Wrote:  
(07-07-2017 09:22 AM)arkstfan Wrote:  
(07-07-2017 07:45 AM)MinerInWisconsin Wrote:  
(07-06-2017 10:23 PM)arkstfan Wrote:  
(07-06-2017 10:09 PM)Fighting Muskie Wrote:  I'm a little shocked to see Arkansas St on here. Are they doing some fancy accounting down there or something? It's odd that C-USA would pass up on a program with such a good financial footing then again all of their expansion moves have been about chasing markets.

No fancy accounting. Some big one-time gifts to fund a new press box with suites, club seating and loge boxes.

For example the bank that had our naming rights deal was bought out. The new owner helped fund the renovation by paying the present value of the entire deal in a lump sum. The owner of the bank that bought the bank out, donated $5 million personally toward the renovation.

That plus other giving and first year payments on premium seating (7 year commitments) and new record season ticket sales boosted revenue nearly $15 million while school subsidy dropped by $1 million so budget goes up $14 million for the year.

It is curious, for all schools, what goes into the USAToday column titled "Other". That is the only column that went way up for ASU and it went up by about 15.7 million dollars. Don't know if there is a standardized reporting method for all schools but the "other" column for ASU is explained well by you.

That's just it, there is no standardized accounting.
I've gone round and round before over how AState has reported donations to USA Today. We don't report donations to our booster club unless the money passes through the athletic department. So if a coach receives a supplement, if it is paid directly to the coach from the booster club, not reported. Paid to the school and the school adds it to what comes from the line item state budget, it is reported. Video boards don't go on the athletic department books as inventory until the booster club paid for it. As a former booster club board of directors member I stayed puckered about getting that thing paid off and off our books because it wasn't covered by the university blanket insurance policy until we handed it over.

They've changed a lot of the standards so there is less ambiguity. There are still some differences in interpretations as far as what's University versus Athletics expense and how much general overhead should be applied to athletics, etc. But if your booster club is paying part of your coaches salary it absolutely should be reported. They've made that clear in the last couple of years. Look at the agreed upon procedures link I provided a couple posts ago.


C'mon Maaaaaan.... Less ambiguity?

I am an accountant by trade and I can tell you that I will make 1 + 1 equal whatever number you want me to make it equal..... These numbers are bull schidt.
07-07-2017 11:52 AM
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MplsBison Offline
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Post: #39
RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
Never ceases to amaze me how people want to pretend that college athletic departments should be treated like for-profit businesses, simply because it isn't a part of the core education mission.

Neither are the IT operations, which cost major universities tens of millions per year, perhaps if not more than that.
07-07-2017 12:02 PM
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panama Offline
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RE: Top G5 Athletic Revenue Schools (Minus Academic side transfers) ...
(07-07-2017 12:02 PM)MplsBison Wrote:  Never ceases to amaze me how people want to pretend that college athletic departments should be treated like for-profit businesses, simply because it isn't a part of the core education mission.

Neither are the IT operations, which cost major universities tens of millions per year, perhaps if not more than that.
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07-07-2017 12:07 PM
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