TOGC
Resident genius
Posts: 24,967
Joined: Oct 2006
I Root For: Memphis
Location: constantly changing
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RE: Indoor Practice Facility
(04-22-2017 09:03 PM)Penny Lane Wrote: (04-22-2017 06:49 PM)FlyingTiger2016 Wrote: (04-21-2017 10:05 PM)Penny Lane Wrote: With the huge loss in BB revenue, they really had to shuffle funds around to get this financed.
That's not how this stuff works. You've been told numerous times.
That's exactly how it works. The only people who have told me otherwise are posters on this message board. Anyway, it's done now so I'm dropping this issue. Just watch the personal attacks.
No, it's not. Funds are allocated for specific purposes. You cannot move money intended for one project to another. The money is in separate buckets.
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04-25-2017 01:58 AM |
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FlyingTiger2016
1st String
Posts: 1,428
Joined: Aug 2016
Reputation: 60
I Root For: Memphis/GaTech
Location:
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RE: Indoor Practice Facility
(04-25-2017 01:58 AM)TOGC Wrote: (04-22-2017 09:03 PM)Penny Lane Wrote: (04-22-2017 06:49 PM)FlyingTiger2016 Wrote: (04-21-2017 10:05 PM)Penny Lane Wrote: With the huge loss in BB revenue, they really had to shuffle funds around to get this financed.
That's not how this stuff works. You've been told numerous times.
That's exactly how it works. The only people who have told me otherwise are posters on this message board. Anyway, it's done now so I'm dropping this issue. Just watch the personal attacks.
No, it's not. Funds are allocated for specific purposes. You cannot move money intended for one project to another. The money is in separate buckets.
Yep. There's a word for the scenario when you raise funds for a specific purpose, and then decided you want to spend it someplace else....
It's called Fraud.
Time to shine was a capital campaign to build facilities. The donors gave money expecting a IPF. If they spent that money on anything else, they would have issues to put it lightly.
I don't think a reasonable person has any trouble understanding this. In fact, It's pretty basic... In addition, the university was rather transparent on the issues with the delay, specifically the issues with the cash flow of the donations and why they needed financing.
Stop spreading FUD.
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04-25-2017 12:36 PM |
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BandwagonJumper
First name Greatest, Last name Ever
Posts: 14,976
Joined: Mar 2010
Reputation: 1710
I Root For: winners
Location:
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RE: Indoor Practice Facility
FUD?
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04-25-2017 01:23 PM |
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snowtiger
Hall of Flamers
Posts: 33,317
Joined: Mar 2011
Reputation: 3704
I Root For: W's!!!
Location: Cascade Volcanic Arc
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RE: Indoor Practice Facility
TBOR was the enemy.
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04-25-2017 01:23 PM |
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Penny Lane
Banned
Posts: 3,702
Joined: Nov 2015
I Root For: Tigers &Tigers
Location: Next 40 Out
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RE: Indoor Practice Facility
(04-25-2017 12:36 PM)FlyingTiger2016 Wrote: (04-25-2017 01:58 AM)TOGC Wrote: (04-22-2017 09:03 PM)Penny Lane Wrote: (04-22-2017 06:49 PM)FlyingTiger2016 Wrote: (04-21-2017 10:05 PM)Penny Lane Wrote: With the huge loss in BB revenue, they really had to shuffle funds around to get this financed.
That's not how this stuff works. You've been told numerous times.
That's exactly how it works. The only people who have told me otherwise are posters on this message board. Anyway, it's done now so I'm dropping this issue. Just watch the personal attacks.
No, it's not. Funds are allocated for specific purposes. You cannot move money intended for one project to another. The money is in separate buckets.
Yep. There's a word for the scenario when you raise funds for a specific purpose, and then decided you want to spend it someplace else....
It's called Fraud.
Time to shine was a capital campaign to build facilities. The donors gave money expecting a IPF. If they spent that money on anything else, they would have issues to put it lightly.
I don't think a reasonable person has any trouble understanding this. In fact, It's pretty basic... In addition, the university was rather transparent on the issues with the delay, specifically the issues with the cash flow of the donations and why they needed financing.
Stop spreading FUD.
Lol. general Funds, contingent pledges, general pledges, etc
"issues with the cash flow of the donations and why they needed financing." What coukd have caused those issues?
(This post was last modified: 04-25-2017 11:47 PM by Penny Lane.)
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04-25-2017 02:57 PM |
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