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TITLETOWN - A Decade Long Celebration Of The Greatest Achievement In College Athletics History => Kansas State Football => Topic started by: CyberToothCat on August 05, 2013, 07:00:58 PM
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I'm sorry if this was discussed on here somewhere else. If so, feel free to shoot me and bury me out back. (Also, delete thread.)
Here is the link to the 2013-14 K-State Athletics budget. I have a few questions that you may help with.
http://grfx.cstv.com/photos/schools/ksu/genrel/auto_pdf/2013-14/misc_non_event/1.pdf?hq_e=el&hq_m=505063&hq_l=5&hq_v=a379cb7e0c (http://grfx.cstv.com/photos/schools/ksu/genrel/auto_pdf/2013-14/misc_non_event/1.pdf?hq_e=el&hq_m=505063&hq_l=5&hq_v=a379cb7e0c)
On the expenses side, I see that debt service is projected to be $5.48 million. How much debt do we actually have on our books to make our annual payments be this high? It has to be near $80 million, doesn't it? Why do we have so much? I thought we've been raising record amounts of cash donations to help pay for some or all of the BTF and WSC? If so, why have we issued so much debt?
Last year's budget card projected revenue of $3.85 million from K-State Sports Properties (our Tier 3 contract). This year's budget card projects the exact same amount. There was a bit of a hubbub last year when it looked like many of our basketball games wouldn't be televised due to negotiating issues between Currie and Learfield/FSN. That dispute was eventually settled... did we not get a raise out of that at all?
The Direct State/University funding line is $0. Does that mean that starting this year, KSA will receive zero dollars from the state or the university? Meaning, the Ath Dept is 100% self-sufficient and receives zero public funds (public meaning tax dollars). Are there 'indirect' funds coming in from the University or the State? What are they and how are they used?
Last year's budget card projected $12.7 million donations. This year, it projects $16 million. THat's a pretty big jump. Is there any concern that our donors are starting to get tapped out, after giving so many millions for the BTF and WSC in the last couple of years?
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Natural gas fracking is building our facilities.
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for the sake of our future generations, i really hope you're wrong
but. maybe you're kidding? it's hard to tell. i just hope we're not building a castle of dreams on the cancerous backs of generations to come.
honestly- it hardly seems right. even if we do win a ton of games. then again, maybe nbaf could solve those issues. i guess things come full circle sometimes.
naturual gas fracking yesterday, WSC today, cancer tomorrow, nbaf next week, no cancer in two weeks. will we still win football games or will bsfs blow up from a methane explosion. can our athletes even drink the water at the complex?
#shale
#virus
#methane
#goksu
#cats
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think they financed a good chunk of wsc because its making money. good debt so to speak.
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we've made our bed and now we have to lie in it.
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On the expenses side, I see that debt service is projected to be $5.48 million. How much debt do we actually have on our books to make our annual payments be this high? It has to be near $80 million, doesn't it?
We have 81.3M in long term debt, 53.6M of which was issued in 2012 for the WSC and BB training facility. We received record amounts of contributions but it still wasn't even close to the full cost of the new facilities. They weren't given all up front either.
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On the expenses side, I see that debt service is projected to be $5.48 million. How much debt do we actually have on our books to make our annual payments be this high? It has to be near $80 million, doesn't it?
We have 81.3M in long term debt, 53.6M of which was issued in 2012 for the WSC and BB training facility. We received record amounts of contributions but it still wasn't even close to the full cost of the new facilities. They weren't given all up front either.
you seem 2 kno wtf you're talking about here so i'm gonna lay it on the line w/ you. do you think $81.3m is a lot of long term debt? seems pretty pud. my move would be to borrow more, while the borrowing is cheap. a lot more, not just a little. fort knox type crap, and i kno you kno wtf i'm talking about. can i get some input from you on my data?
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On the expenses side, I see that debt service is projected to be $5.48 million. How much debt do we actually have on our books to make our annual payments be this high? It has to be near $80 million, doesn't it?
We have 81.3M in long term debt, 53.6M of which was issued in 2012 for the WSC and BB training facility. We received record amounts of contributions but it still wasn't even close to the full cost of the new facilities. They weren't given all up front either.
you seem 2 kno wtf you're talking about here so i'm gonna lay it on the line w/ you. do you think $81.3m is a lot of long term debt? seems pretty pud. my move would be to borrow more, while the borrowing is cheap. a lot more, not just a little. fort knox type crap, and i kno you kno wtf i'm talking about. can i get some input from you on my data?
We probably could have issued more since we are currently sitting on a giant pile of cash (49M :kstategrad:, up 19M from last year), but I can see why they didn't since interest rates are rising again. We are already going to be paying around 3M in interest next year and 48.8M over the life of the bonds we issued.