Texas spends the most... Big Surprise...

[4Q_iu]

Indiana State
Total Revenue: $11,726,781
Total Expenses: $11,552,350
Total Subsidy: $8,303,684
%% Subsidy: 70.8


Complete report: http://www.usatoday.com/sports/college/story/2012-05-15/texas-athletics-spending-revenue/54960210/1
and the 227 Public Schools, few/no Private schools data base

 

[garyd63]

Indiana State
Total Revenue: $11,726,781
Total Expenses: $11,552,350
Total Subsidy: $8,303,684
%% Subsidy: 70.8


Complete report: http://www.usatoday.com/sports/college/story/2012-05-15/texas-athletics-spending-revenue/54960210/1
and the 227 Public Schools, few/no Private schools data base

Thanks for posting this, 4Q_iu. That 70.8% bailout ("Subsidy") really jumps out of the pack, doesn't it?

 

[4Q_iu]

Thanks for posting this, 4Q_iu. That 70.8% bailout ("Subsidy") really jumps out of the pack, doesn't it?

Before casting stones; look at the other large public schools in Indiana...

Gloomington: $2,686,769.00 - subsidy; 3.80%
ISU-M: $14,862,115.00 - subsidy; 72.60%
W. Laffy: $ 0.00 - No subsidy; 0.00%
IPFW: $5,205,373.00 - subsidy; 77.0%
IUPUI: $5,747,639.00 - subsidy; 88.5%

Is our 'subsidy' a lot? Maybe, look at ISU-MUNCEE, it's nearly TWICE ours, and percentage wise, IPFW and IUPUI are several points ahead of us.

Looks like Purdue is the only state institution that has it's academics/athletics balance "in order."

 

[Sycamore Proud]

Glass said in today's Indy Star that the USA Today's numbers were wrong and IU made money. Does anyone know what a "booking allocation" is?

 

[4Q_iu]

Glass said in today's Indy Star that the USA Today's numbers were wrong and IU made money. Does anyone know what a "booking allocation" is?

Considering gloomington's athletic finances, is glass GOING to ADMIT they lose money?

'booking allocation' - likely a gloomington accounting trick...

using the report numbers; subtract the subsidy from the total revenue, and gloomington was $983,925.00 in the RED.

 

[Sycamore Proud]

Considering gloomington's athletic finances, is glass GOING to ADMIT they lose money?

'booking allocation' - likely a gloomington accounting trick...

using the report numbers; subtract the subsidy from the total revenue, and gloomington was $983,925.00 in the RED.

I'm sure it is. And so is the rest of the country.

 

[garyd63]

Indiana State
Total Revenue: $11,726,781
Total Expenses: $11,552,350
Total Subsidy: $8,303,684
%% Subsidy: 70.8


Complete report: http://www.usatoday.com/sports/college/story/2012-05-15/texas-athletics-spending-revenue/54960210/1
and the 227 Public Schools, few/no Private schools data base

___________

"There's nothing to stop Texas or other very successful financial enterprises with these gigantic television contracts from continuing to grow, grow, grow because their revenues match their expenditures," says former Arizona President Peter Likins, who several years ago headed a high-level NCAA panel that examined the cost of college athletics. "But the disconnect between what's happening in athletics and what's happening elsewhere in the same universities creates stress, and … the stresses will create a breakdown."

He's braced for governmental intervention. "Somebody's going to decide, either out of anger or just out of good government, that this is an unrelated business enterprise and has to be treated as such in terms of tax policies and that kind of thing," Likins predicts.

Likins is right, but . . . the athletics arms race continues. With only 22 of 227 schools making ends meet, what direction is left for the have nots to take? How high can student fees go? How long will it be before sleepy state legislators say, "Hey, wait a minute, this tax money we're pouring into our state supported schools isn't paying for one credit hour of education? And when or when will parents/students/guidance counsellors see the light that a college education is about a college education, not scoreboards, bowl bids or Big Dunce invititations?