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General Fund Subsidy for the AD?

Discussion in 'Colorado Football Message Board' started by Denver_sc, Dec 6, 2013.

  1. Denver_sc

    Denver_sc Club Member Club Member

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    Does anyone know if there is any subsidy from the CU general fund for the AD in general or football in general?
     
  2. Shldr2Shldr

    Shldr2Shldr Club Member Club Member

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    As far as I know. No.

    Scholarships are all charged the out of state rate as well. CU doesn't help out much.
     
  3. Denver_sc

    Denver_sc Club Member Club Member

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    I only ask because I just saw some news from Portland State (which is a large, albeit mostly commuter school that competes in the Big Sky division with Northern Colorado) wherein the president was talking about the current budget shortfall. It says:

    "PSU can no longer afford to subsidize our football program from the university's annual general operating fund. The program will be required to become self-supporting, and Athletics is developing plans to do so starting next year. The program will continue to compete in the Big Sky Conference in NCAA Division I, and we look forward to Viking football next season at Jeld-Wen Field."

    Just interesting, is all.
     
  4. sliderNcider

    sliderNcider MacLovin Club Member

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    Yes I'm pretty sure we do. It should be in some USA today reports
     
  5. SD Buff

    SD Buff Club Member Club Member

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    This is the latest USA Today I have seen from 2006-2011. Couple questions on the number they publish. Is this the bridge loan for the PAC 12 move? Or is this the rumored horse trade for keeping Hawkins that extra year while Benson lobbied the legislature for those bills he got passed? IDK the answer. But the subsidy jumped big time from last we saw a number. Full USA Today LINK

    [​IMG]
     
  6. GoBuffs08

    GoBuffs08 Well-Known Member

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  7. BlackNGold

    BlackNGold Club Member Club Member

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    It depends what you mean by subsidy and General Fund. The CU Foundation has loaned the AD money at no interest to cover shortfalls. The Presidents office also gives a donation every year to the AD. I think this has been about $3 million per year since Hank Brown was Prez. The foundation also gave the AD $6 million to help cover the cost of moving from the Big 12 to the Pac 12.

    Nothing comes out of a "General Fund" if you mean the normal operating revenues other than Student Fees.
     
  8. GoBeers

    GoBeers Club Member Club Member

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    I think the timing is such that you're seeing a one time jump due to the conference change in 2011W. hat USA Today calls 2011 is actually the 2010-11 academic year and where the bulk of the revenue is from 2010 football season (CU is listed as still in B12). The new P12 TV contract money won't be seen on these reports until 2013, so USA Today data is basically 2 years behind.

    I'm not sure how the Hawkins buyout was budgeted. I thought typically they are not lump sum, but paid out over multiple years, so no single year would have a huge multimillion dollar hit.
     
    Last edited: Dec 6, 2013
  9. NW Buff

    NW Buff Club Member Club Member

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    For the purposes of the question, I think you have to count Student Fees as general.
     
  10. cubuffs85

    cubuffs85 Active Member

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