mturn017
ODU Homer
Posts: 16,810
Joined: May 2012
Reputation: 1603
I Root For: Old Dominion
Location: Roanoke, VA
|
RE: Latest USA Today Football Program Budgets
(07-11-2017 02:33 PM)jmu97 Wrote: (07-11-2017 12:50 PM)mturn017 Wrote: You guys know there's a link in the OP with the answers to all the questions you're asking right? And if you want more detail the full audited financials for all of VAs athletic depts are available online.
Here's the latest but you can find past years
http://www.apa.virginia.gov/reports/OldD...AA2016.pdf
http://www.jmu.edu/financeoffice/fin-sta...aa2016.pdf
I hadn't noticed the sub links in the page from the OP, but that doesn't really answer anything other than the trend question I had. Looking at the more detailed reports helped my understanding some (namely that the rights number is misleading since the bottom has fallen out of the TV deal), but I still don't know if stadium money is in the contribution pile. Maybe that is explained somewhere in the document you posted, but I was hoping others that are more versed in state accounting could clue me in on how that works.
It shouldn't be typically. According to the NCAA Agreed Upon Procedures only contributions collected and used in the current year should be in annual revenues and there's an "Other Reporting Items" outside of expenses to list capital expenditures. These are fairly new standards so farther than a few years back some schools were listing capital campaign contributions and even contributions that were pledged but not collected.
Here's the NCAA agreed upon procedures. Scroll down to Appendixes A-C to see what should be included on each line item of the financial report.
https://www.ncaa.org/sites/default/files...170515.pdf
(This post was last modified: 07-11-2017 06:11 PM by mturn017.)
|
|
07-11-2017 06:05 PM |
|