UNT AD Budget Surplus

Harry · February 7, 2020

greenjoe · February 7, 2020

I read this in this morning's DR-C. Much of the reason given is that we have finally paid off contracts bought out by the Athletic Dept (Rick V and Coach MAC).

The article said the Athletic Department was in the black with a bit over $850,000. in surplus. Doesn't money left over after expenses mean we made a profit in 2019 ?

Wag Tag · February 7, 2020

Awesome! Congrats to all including all AD supporters!

El Paso Eagle · February 7, 2020

6 minutes ago, greenjoe said:

I read this in this morning's DR-C. Much of the reason given is that we have finally paid off contracts bought out by the Athletic Dept (Rick V and Coach MAC).

The article said the Athletic Department was in the black with a bit over $850,000. in surplus. Doesn't money left over after expenses mean we made a profit in 2019 ?

One would think. But like all things associated with Government/Education I am sure they will come up with a way to "officially" have no profit.

drex · February 7, 2020

Never announce a surplus in your budget if you don't want that much cut from the next budget...anyway, that is the way it works with most government entities.

Harry · February 7, 2020

6 minutes ago, drex said:

Never announce a surplus in your budget if you don't want that much cut from the next budget...anyway, that is the way it works with most government entities.

Very valid point -- but it also helps when you are looking for expansion projects to be able to show you are in the black and not running a deficit. I recall a lot of the opponents of Apogee were making a stink about the AD losing money.

DentonLurker · February 7, 2020

I would get claiming a surplus if you were completely self-funded, but with student fees and university support it seems like a bit of fuzzy math.

97and03 · February 7, 2020

Step 1: Fire everyone

Step 2: Wait?

Step 3: Profit!

paid make it rain GIF

Edited February 7, 2020 by 97and03

GrandGreen · February 7, 2020

There are no profits and/or losses for non-profits, only surpluses or deficits.

Deficits must be reimbursed and surpluses invested in the school.

There are all kinds of allocations and transfers between segments of NT. Number is basically meaningless and only represents a timing difference in the recording of theoritical transfers.

TheColonyEagle · February 7, 2020

1 hour ago, drex said:

Never announce a surplus in your budget if you don't want that much cut from the next budget...anyway, that is the way it works with most government entities.

true truth GIF

greenjoe · February 7, 2020

Thanks for the distinction Grand Green. When I read the article, I found it odd that the surplus was called, just that--a surplus. I don't know one thing about a non-profit. This makes sense and clears up to question I had.

Salsa_Verde · February 8, 2020

I wonder how NT Daily will spin this 😂

NorthTexasSportsNetwork · February 8, 2020

meangreenJW · February 8, 2020

12 hours ago, Harry said:

Very valid point -- but it also helps when you are looking for expansion projects to be able to show you are in the black and not running a deficit. I recall a lot of the opponents of Apogee were making a stink about the AD losing money.

Uh...doesn't seem this was announced. Vito said he obtained a report required for the NCAA (the annual NCAA financial report) to write the story. So Vito announced it, not UNT.

SilverEagle · February 8, 2020

21 hours ago, drex said:

Never announce a surplus in your budget if you don't want that much cut from the next budget...anyway, that is the way it works with most government entities.

Historically that is how it worked at North Texas.....especially regarding the athletic department.

meaniegreenie · February 9, 2020

Damn sure better not be a ticket price increase this year.

Moobs · February 9, 2020

9 hours ago, meaniegreenie said:

Damn sure better not be a ticket price increase this year.

Renewal notices are already out. I can’t remember what I paid last year, so I’m not sure if there was an increase or not. If there was an increase, I think it was pretty small.

MrStrange18 · February 10, 2020

On 2/9/2020 at 6:46 AM, Moobs said:

Renewal notices are already out. I can’t remember what I paid last year, so I’m not sure if there was an increase or not. If there was an increase, I think it was pretty small.

I believe it specifically said in the email that there was no price increase this year

MCMLXXX · February 10, 2020

I don't think the Athletic Department will or should promote this surplus claim. Compare 2015 to 2018 (the latest year I was able to find data):

2015

Ticket Sales Contributions Licensing Student Fees School Funds Other

$1,593,007 $2,484,532 $6,209,156 $10,724,272 $9,354,805 $946,526

2018

$1,379,978 $2,278,815 $5,603,596 $10,555,896 $15,192,262 $2,991,829

I selected 2015 because it was RV's last year. Institutional support has increased by over $5.7 million. When I locate the 2019 numbers I will post them but I doubt that Institutional funds have decreased. Institutional funds were $0 as recently as 2006 and $24,581 as recently as 2012. We have posters who go on the CUSA board and crow about a surplus and it is no wonder that they are mocked by others when the source of funding is disclosed.

https://sports.usatoday.com/ncaa/finances/

GrandGreen · February 11, 2020

On 2/10/2020 at 9:29 AM, MCMLXXX said:

I don't think the Athletic Department will or should promote this surplus claim. Compare 2015 to 2018 (the latest year I was able to find data):

2015

Ticket Sales    Contributions    Licensing    Student Fees School Funds    Other

$1,593,007    $2,484,532    $6,209,156 $10,724,272    $9,354,805 $946,526

2018

$1,379,978 $2,278,815    $5,603,596 $10,555,896    $15,192,262 $2,991,829

I selected 2015 because it was RV's last year. Institutional support has increased by over $5.7 million. When I locate the 2019 numbers I will post them but I doubt that Institutional funds have decreased. Institutional funds were $0 as recently as 2006 and $24,581 as recently as 2012. We have posters who go on the CUSA board and crow about a surplus and it is no wonder that they are mocked by others when the source of funding is disclosed.

https://sports.usatoday.com/ncaa/finances

You know institutional support going up is not a good thing. .That is the shortfall of revenues to cover expenses that must be made up by transferring funds from other parts of university.

Matt from A700 · February 11, 2020

$850,000 sounds like more than enough to field a D-I men's lacrosse team!

meangreenJW · February 11, 2020

37 minutes ago, GrandGreen said:

You know institutional support going up is not a good thing. .That is the shortfall of revenues to cover expenses that must be made up by transferring funds from other parts of university.

Last year the athletic department started putting all of these online as part of the transparency part of the strategic plan. RV's last budget would have been FY 16. He was here through almost all of 15/16 school year. Would definitely have been his budget. That report can be found at https://s3.amazonaws.com/meangreensports.com/documents/2019/10/17/2016_NCAA_Report.pdf

The FY 19 report is up too. It can be found at https://s3.amazonaws.com/meangreensports.com/documents/2019/10/17/2016_NCAA_Report.pdf

I took a snapshot below.

Of note, pretty much everything category is up with the exception of conference revenues 😞. Contributions are down from FY 16 but up the past two years. However, Vito has mentioned several times contributions count as a revenue only when they also count as na expense. So if someone gives you money and you don't spend it, then it doesn't count. I'd expect to see the contributions number climb in a hurry when the IPF debt service payments kick in.

Overall, I think the trendline is positive. Revenues are growing across the board. Looks like University took up the slack of the lower conference revenues and lower body bag game revenues plus a little. Student fee is helping.

Ticket sales:

FY 16 $985,735

FY 19 $1,761,878

Student Fees

FY 16 $10,713,469

FY 19 $12,613,611

Direct Institutional Support

FY 16 $9,509,556

FY 19 $15,489,411

Guarantees Revenue

FY 16 $1,983,325

FY 17 $1,136,570

Media Rights

FY 16 $0

FY 19 $439,667

NCAA Distribution

FY 16 $1,040,503

FY 19 $1,342,891

Conference distribution

FY 16 $2,255,251

FY 19 $957,903

Royalties, Licensing, advertising and sponsorships

FY 16 $2,008,208

FY 19 $2,042,939

Contributions

FY 16 $3,438,225

FY 19 $2,682,814

(FY 17 - $1,020,052; FY 18 - $2,278,816)

meangreenJW · February 11, 2020

1 hour ago, GrandGreen said:

You know institutional support going up is not a good thing. .That is the shortfall of revenues to cover expenses that must be made up by transferring funds from other parts of university.

I don't think that's true because the last two year there were deficits. I think the University decides up front how much they are willing to allocate. Depending on your POV, that number growing could be good or bad. If you think athletics is a good investment for UNT, then it's a good thing especially when guarantee (body bag) revenue and conference distribution combined to decreased by over $2 million. As a sports fan, I'm pleased.A non-sports fan probably wouldn't see it the same. But I think everyone knew the University had put more into athletics the past few years. The University contribution was $15,192,262 in FY 2018 so it only grew by $300k from last year.