On Jun 13, 2013, at 8:46 AM, Shane Ford wrote: > > The UAA also is paying $4 million to UF — a drop of $1.7 million from this > year. Since 1990, the UAA has paid $73.9 million to UF. It helped UF during > the past few budget cycles when the state’s economy was in a downturn. The > contribution was reduced for 2013-14 because the Legislature restored > university funding levels and gave UF an additional $15 million to hire > faculty and $43 million for capital improvements and maintenance repairs
Seth & Amy: Really? I call B.S. In 2010, UF's expenses were $4.587 billion. That is with a "B." In 2010, UF lost $263 million dollars. How did the UAA's extra 1.7 million mean more than a drop in the bucket to a 4.6 billion balance sheet bleeding red ink to the tune of $263 million (down from a loss of $294 million the year before). UF rates to be in the black this year, thanks almost entirely to trimming its expenses by over $600 million from 2010. It's general revenue is down by 37 million, and its money from the state lottery is down by 11 million, so I don't buy the claim that the UAA reduced its contribution due to an influx of state funds to UF. I would wager that the 4 million the UAA gives to UF is about even with tuition/room/board for scholarship athletes. It seems like a symbiotic relationship. UAA gets to use UF's name recognition and alumni base to run a profitable 100 million dollar company. UF gains the recognition of a first class athletic department to enhance school pride and attract talented students. But, realistically, the UAA's contributions to a 4+ billion dollar budget don't amount to a hill of beans one way or the other. BTW, UF is expected to have a 322 million surplus this year. Take away the UAA's contribution, and the surplus is 318 million. I doubt it would be noticed. -Zeb http://cfo.ufl.edu/wp-content/uploads/2012/12/FY2013-Budget-Book.pdf -- -- GATORS: ONE VOICE ON SATURDAY - NO VOICE ON SUNDAY! 1996 National Football Champions | 2006 National Basketball Champions 2006 National Football Champions | 2007 National Basketball Champions 2008 National Football Champions | Three Heisman Trophy winners: Steve Spurrier (1966), Danny Wuerffel (1996), Tim Tebow (2007) - Visit our website at www.gatornet.us --- You received this message because you are subscribed to the Google Groups "GatorTalk" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
