Discussion in 'Colorado Football Message Board' started by Del, Aug 24, 2010.
There wasn't a list in this article either, this is all they had to say:
Here is a link to the report showing CU made money:
Revenue of $49.85 million
Expences of $48.2 million
NI of $1.65 million
I am not sure if any of teh NI was ear marketed to pay back the $8 million they borrowed back in 2004/2005, or what the net balance on that loan is.
The loan should be part of expenses, right? ALlbuff accountants?
From a corporate accounting perspective only interest on loans would be included in expenses. Principal payments would not (see balance sheet).
However, I have no clue what the accounting looks like at a public institution.
Are we sure that was 2009 data? It looks like it was sent/posted in October of 2009. That makes me think it was the 2009 reporting of 2008 data.
I'm starting to think that maybe the original article was incomplete because the details on 2009 profitability are simply not available yet.
Whatever, go Bohn. He has done a bang up job at 99% of what hes supposed to do. Now if only the effing coaches would start winning :lol:
I agree. I don't really care about profit, etc. Just win baby!
We made a $1.65? Hey, we can go to 7-11 and buy a Big Gulp!!
In 2009 there is a $21 million expense for ‘expenses not allocated by sport or gender’. I have no idea if this includes principal repayments. Since the terms of the loan arrangement were never made public the loan could require annual principal, or payment at maturity. As for priors years, here is how the AD had done:
Revenue: $42.3 million
Expense: $39.7 million
NI: $2.6 million
Other expenses total of $16.7 million
Revenue: $52.6 million
Expense: $48.4 million
NI: $4.2 million – separately they list facilities improvements for some of this money (the track & field upgrade and locker rooms for football and basketball)
Other expenses total of $21.2 million
There isn't much information out on this. From what I can tell reports are submitted in September and published in October. I was unable to find anything indicating whether they are reporting prior academic year actuals, or current year budget.
Thanks for the info 76! - and I agree with SnowBuff that Bohn has been doing a great job on all fronts minus FB HC but I don't blame him for the hire because Hawk looked like a great get in 05 - even SI wrote an article about how everybody wins with Dan Hawkins.
I think when we look at the big picture you have to be pretty proud of the department being able to scratch out a profit with all of the things that have gone on the past few years with the "scandal" losing record, ****ty economy and trying to compete in a pro sports town. I would hate to be a program like ATM who has lost 16million or CAL that has been pumping money into the athletic dept from the general fund. -- Go Buffs!
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