BigJ . . .

[kstate16]

WHO FRACKING CARES

[catzacker]

so, like, the ku ad is basically a special purpose entity/vehicle of the university? 

[GoodForAnother]

so, like, the ku ad is basically a special purpose entity/vehicle of the university? 

I don't think that's legal 

[sonofdaxjones]

Actually it's The Intercollegiate Athletic Council of Kansas State University, Inc.

Big J is swinging, but he ain't connecting.

[sonofdaxjones]

Lets review.

ku's financials includes kumc, which the Regents treats as a completely separate funding body with a totally different budget and separate capital improvements budget. 

K-State's financials do not roll K-State athletic financials into it, nor does it appear it includes the K-State union (which has its own governance).

Nice try J.

Actually it's going real well Doc . . . but you're too much of a dumbass to figure that out.

KSU Athletics are a department of the University, they are in there they just don't get their own line item.  At ku the AD is its own company affiliated with the University.  This is clear if you read all the footnotes of the various documents.

Kansas University is considered as a system.  There are breakouts of the funds held by each later in the document if you wish to read further.

You were the one that claimed the kuAD was on the verge of bankruptcy and had way too much debt.  I think we have put that one to bed.

Talk about a massive embellishment.   I never once said ku athletics was on the verge of bankruptcy.


Oh, I understand that ku is considered a "system" but again, the Regents treat kuMC as a completely separate budget entity from everything else in the ku "system".   So take kuMC off the books and ku's finances look a lot different and probably much more in line with K-State.

[EliteHawk]

'Pad... at some point you've just got to accept that ku is a bigger school with more financial resources and more opportunity for growth.  That's not to say that K-State hasn't made up some serious ground in the last decade or so.... but to pretend like K-State is financially "better off" than ku is quite a stretch.

[sonofdaxjones]

I never said K-State was financially better off than ku . . . J always talks about how K-State athletics is just a bad year away from a complete financial meltdown and that isn't reality.

Plus the "more opportunities for growth" comment just your bias shining through.   K-State has huge opportunities for growth and in fact some at ku are so jealous about it they're going to legislature to whine and cry and make sure ku is allowed to particpate in things like the Olathe Bio Sciences campus K-State is building.

 

[sonofdaxjones]

J it's almost kind of sad the way you ran back to phognet declaring victory, only to see it come crumbling down around you as the numbers were picked apart.

Sad . ..

[GoodForAnother]

more opportunity for growth

LOL

[FHSU92]

GB you DO reply to everything he posts.

Count how many Dax threads in the last month that he's started and that I've responded to.

I'll be waiting.

On the edge of my seat.

why'd you go to kstate? o ya, cuz it's better.

I wish I woulda been smart like gbgb, but I was a dumba$$ and went to hazardous waste u.

[delusionliveshere]

Oh, the the KSU Foundation now has total assets approaching $500 million. 

Fantastic.  I would certainly hope that after completing a $500m campaign (in a world of $1B campaigns) kstate would have assets approaching $500m.   

[sonofdaxjones]

Oh, the the KSU Foundation now has total assets approaching $500 million. 

Fantastic.  I would certainly hope that after completing a $500m campaign (in a world of $1B campaigns) kstate would have assets approaching $500m.   

Ah, millions of that were transferred over to the university for capital projects, thus it wouldn't be an asset for the KSU Foundation.  Please try to keep up here.

If it's a world of "billion dollar" campaigns, than why didn't ku have a "billion dollar" campaign.   In addition, many of the schools running "billion dollar" campaigns didn't have 2 other large campaigns in the previous decade like K-State had.   You are out of your element on this.  Try again. 

[delusionliveshere]

Oh, the the KSU Foundation now has total assets approaching $500 million. 

Fantastic.  I would certainly hope that after completing a $500m campaign (in a world of $1B campaigns) kstate would have assets approaching $500m.   

Ah, millions of that were transferred over to the university for capital projects, thus it wouldn't be an asset for the KSU Foundation.  Please try to keep up here.

If it's a world of "billion dollar" campaigns, than why didn't ku have a "billion dollar" campaign.   In addition, many of the schools running "billion dollar" campaigns didn't have 2 other large campaigns in the previous decade like K-State had.   You are out of your element on this.  Try again. 

Actually, I'm very much in my element on this.  But, believe what you will.

As for ku's billion dollar campaign . . . stay tuned. 

[sonofdaxjones]

That's nice. 

I would think that somebody who claims to be "in their element" would understand that capital funds and other funds transferred to the University would not be considered assets . . . crazy concept I know.

You know, Duke just had an annual giving record of $385 million dollars last FY, and their "campaign" ended 5 years ago, so you don't have to have a "campaign" to raise a bunch of money.   But hey, that's "your element" and all, so you probably knew that.

[pissclams]

As for ku's billion dollar campaign . . . stay tuned. 

consider me tuned in!    

[delusionliveshere]

That's nice. 

I would think that somebody who claims to be "in their element" would understand that capital funds and other funds transferred to the University would not be considered assets . . . crazy concept I know.

You know, Duke just had an annual giving record of $385 million dollars last FY, and their "campaign" ended 5 years ago, so you don't have to have a "campaign" to raise a bunch of money.   But hey, that's "your element" and all, so you probably knew that.

You're right.  People do give money even when a campaign is not active.    However, didn't ksu just complete a 500m campaign, actually pulling in around 580m? 

[FHSU92]

I never said K-State was financially better off than ku . . . J always talks about how K-State athletics is just a bad year away from a complete financial meltdown and that isn't reality.

Plus the "more opportunities for growth" comment just your bias shining through.   K-State has huge opportunities for growth and in fact some at ku are so jealous about it they're going to legislature to whine and cry and make sure ku is allowed to particpate in things like the Olathe Bio Sciences campus K-State is building.

Aren't there at least 4 new buildings going up within the next 2 years?  I know of the Leadership building, center for child dev, the new foundation building, and the Human Ecology facility.  Not to mention the additions to Bram/BSFS and the new apts at Jardine.  The bioscience research center should be up and functional in a few years, too.

I'd say things are pretty sound, unless some of those funds are from a bankrupt booster.

[sonofdaxjones]

No, it was $529 million, but it wasn't publicly announced until the last 2 years . . . it is anticipated that annual giving will stay around the $80 to $100 million mark annually (UPJW says more towards $100M plus, but I think he's a little nutty).   Which is pretty good for a school like K-State.   Of course "changing lives" campaign came on the heels of a short $65 million dollar scholarship fund raising campaign . . . which wasn't that far removed from Essential Edge which netted $240 million. 

But that really wasn't my point, you don't have to have a "campaign" to raise a bunch of money, albeit that seems to be the "in" thing for schools to do.

[LimestoneOutcropping]

As for ku's billion dollar campaign . . . stay tuned. 

consider me tuned in!    

make that 2 of us.

 

[BigJ]

J it's almost kind of sad the way you ran back to phognet declaring victory, only to see it come crumbling down around you as the numbers were picked apart.

Sad . ..

Dax, the numbers for the parts of KSU that you claim are distinct are, I believe, on the right side of the KSU financial statement as component units.  If they were exluded it would be specifically noted on page 15.  As it is they are noted as being discretly prepared.

The KSU financial statement is essentially two.  I combined them when putting together my numbers.

As for ku including kuMC you can argue and debate that all you want.  It is a part of ku just like the vet school is a part of KSU and the Olathe Campus will be blended into those numbers as well.

[sonofdaxjones]

They sure were discreetly prepared, and something else we wouldn't see is the millions held on behalf of the Intercollegiate Athletic Council of Kansas State University Inc. by the K-State Foundation, and also any assets owned by Kansas State Sports Properties LLC. 

The fact that you continue to equate entities that the Regents would never allow to have any bearing whatsoever on the respective athletic departments is funny.

Plus you simply can't escape the reality that the Regents treat kuMC has a wholly separate funding agency from the rest of ku.   kuMC has it's own budget section on the Regents Financials and its own capital improvements section in the Regents Facilities budget . . . that is not the case with any other sub agency of ku.   Nearly everything that comes in the form of a "report" to the Regents, has a seperate report for kumc from the rest of ku.   

It's just like how ku has two separate research oversight units; one for Lawrence, one for kumc, but manages to combine the research dollars for both into one report in an effort to make ku's research funding look more impressive.

Sorry J . . . nice effort though.

[EliteHawk]

I never said K-State was financially better off than ku . . . J always talks about how K-State athletics is just a bad year away from a complete financial meltdown and that isn't reality.

Plus the "more opportunities for growth" comment just your bias shining through.   K-State has huge opportunities for growth and in fact some at ku are so jealous about it they're going to legislature to whine and cry and make sure ku is allowed to particpate in things like the Olathe Bio Sciences campus K-State is building.

Aren't there at least 4 new buildings going up within the next 2 years?  I know of the Leadership building, center for child dev, the new foundation building, and the Human Ecology facility.  Not to mention the additions to Bram/BSFS and the new apts at Jardine.  The bioscience research center should be up and functional in a few years, too.

I'd say things are pretty sound, unless some of those funds are from a bankrupt booster.

ku just finished a $57.2 million New Life Sciences Innovation Center on the campus of ku med center.  We've just added a brand new $31 million football complex adjacent to the football stadium.  Also just added the Sabitini Multicultural Center next to the student union.  They're building a multi-million dollar hotel where The Crossing and Yellosub used to be located.  West campus continues to expand.  They just added a multi-million dollar expansion to the ku rec center.  Also just completed a series of multi-million dollar scholarship halls.  The Jayhawk Towers are undergoing renovation and will be among the best athletic housing facilities in the country once they're finished.  ku is currently underway with construction for the new basketball facilities and renovations to Allen Fieldhouse (which K-State has yet to begin even though plans were in the works over 2 years ago). 

Plans are also being made to tear the track out of Memorial Stadium and add luxury suites to the east side along with other renovations.  An Olympic Sports Complex will be built where the old ku practice fields are located, just south of Allen Fieldhouse.  Seriously, K-State is just trying to keep up with big brother.  We're so far ahead of K-State financially as well as academically that it's all you can do just to keep yourself respectable.

[steve dave]

They should teach a class at the Life Science Center about how not to store the baking soda next to the vinegar.  I think with that much money spent they should be able to get that across, just imHo.

[EliteHawk]

They should teach a class at the Life Science Center about how not to store the baking soda next to the vinegar.  I think with that much money spent they should be able to get that across, just imHo.

While ku is doing ground-breaking cancer research, K-State's busy judging the soil contents in a cow pasture.


 

[Rick Daris]

I never said K-State was financially better off than ku . . . J always talks about how K-State athletics is just a bad year away from a complete financial meltdown and that isn't reality.

Plus the "more opportunities for growth" comment just your bias shining through.   K-State has huge opportunities for growth and in fact some at ku are so jealous about it they're going to legislature to whine and cry and make sure ku is allowed to particpate in things like the Olathe Bio Sciences campus K-State is building.

Aren't there at least 4 new buildings going up within the next 2 years?  I know of the Leadership building, center for child dev, the new foundation building, and the Human Ecology facility.  Not to mention the additions to Bram/BSFS and the new apts at Jardine.  The bioscience research center should be up and functional in a few years, too.

I'd say things are pretty sound, unless some of those funds are from a bankrupt booster.

ku just finished a $57.2 million New Life Sciences Innovation Center on the campus of ku med center.  We've just added a brand new $31 million football complex adjacent to the football stadium.  Also just added the Sabitini Multicultural Center next to the student union.  They're building a multi-million dollar hotel where The Crossing and Yellosub used to be located.  West campus continues to expand.  They just added a multi-million dollar expansion to the ku rec center.  The Jayhawk Towers are undergoing renovation and will be among the best athletic housing facilities in the country once they're finished.  ku is currently underway with construction for the new basketball facilities and renovations to Allen Fieldhouse (which K-State has yet to begin even though plans were in the works over 2 years ago). 

Plans are also being made to tear the track out of Memorial Stadium and add luxury suites to the east side along with other renovations.  An Olympic Sports Complex will be built where the old ku practice fields are located, just south of Allen Fieldhouse.  Seriously, K-State is just trying to keep up with big brother.  We're so far ahead of K-State financially as well as academically that it's all you can do just to keep yourself respectable.

1) Which student Union? The old crappy one that nobody goes to or the new crappy one that nobody goes to?

2) You do know who is building that hotel don't you?

[fatty fat fat]

While ku is doing ground-breaking cancer research

LOL. Cancer still kicking ass. Maybe you losers should quit.

[steve dave]

While ku is doing ground-breaking cancer research

LOL. Cancer still kicking ass. Maybe you losers should quit.

 

[sonofdaxjones]

They should teach a class at the Life Science Center about how not to store the baking soda next to the vinegar.  I think with that much money spent they should be able to get that across, just imHo.

While ku is doing ground-breaking cancer research, K-State's busy judging the soil contents in a cow pasture.


 

There's nothing "ground breaking" about ku's research.

Meanwhile K-State is doing ground breaking stem cell research . . . one of the benefits of having ready access to stem cells that emulate human stem cells but don't fall under the stem cell research ban.   Plus that "soil" is what keeps you and I alive . . . there isn't any use in having a cancer research center (oh K-State has a Cancer Research Center as well) if everybody has starved to death.

But hey, we are the ones with the inferiority complex while BMW is just providing some "perspective" day, after day; hour, after hour.   

[EliteHawk]

I never said K-State was financially better off than ku . . . J always talks about how K-State athletics is just a bad year away from a complete financial meltdown and that isn't reality.

Plus the "more opportunities for growth" comment just your bias shining through.   K-State has huge opportunities for growth and in fact some at ku are so jealous about it they're going to legislature to whine and cry and make sure ku is allowed to particpate in things like the Olathe Bio Sciences campus K-State is building.

Aren't there at least 4 new buildings going up within the next 2 years?  I know of the Leadership building, center for child dev, the new foundation building, and the Human Ecology facility.  Not to mention the additions to Bram/BSFS and the new apts at Jardine.  The bioscience research center should be up and functional in a few years, too.

I'd say things are pretty sound, unless some of those funds are from a bankrupt booster.

ku just finished a $57.2 million New Life Sciences Innovation Center on the campus of ku med center.  We've just added a brand new $31 million football complex adjacent to the football stadium.  Also just added the Sabitini Multicultural Center next to the student union.  They're building a multi-million dollar hotel where The Crossing and Yellosub used to be located.  West campus continues to expand.  They just added a multi-million dollar expansion to the ku rec center.  The Jayhawk Towers are undergoing renovation and will be among the best athletic housing facilities in the country once they're finished.  ku is currently underway with construction for the new basketball facilities and renovations to Allen Fieldhouse (which K-State has yet to begin even though plans were in the works over 2 years ago). 

Plans are also being made to tear the track out of Memorial Stadium and add luxury suites to the east side along with other renovations.  An Olympic Sports Complex will be built where the old ku practice fields are located, just south of Allen Fieldhouse.  Seriously, K-State is just trying to keep up with big brother.  We're so far ahead of K-State financially as well as academically that it's all you can do just to keep yourself respectable.

1) Which student Union? The old crappy one that nobody goes to or the new crappy one that nobody goes to?

2) You do know who is building that hotel don't you?

1.  This one, which puts K-State's union to shame:








2.  Yes.... some lawyer from Manhattan who knows a good investment when he sees it.

[sonofdaxjones]

Oh Bull . . . even after the ku union remodel its still a maze of crap.

Great move by the K-State booster to buy that slum next to the ku union and revitalize it.

But thanks for the "perspective" Captain Validation.