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=a379cb7e0cOn 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?