Wednesday, June 25, 2008

Financial contrast between Florida and UH

From Ferd's article in the Honolulu Advertiser:

HA Note: "The athletic department budget UF has announced for the upcoming fiscal year is a record $84 million, according to an executive summary. Or, about three times what UH is expected to operate on. It is a sign of UH's current financial plight that, currently occupied by the furious bailing of red ink, the Warriors have yet to release a forecast for the fiscal year that starts Tuesday. But estimates are that the Warriors will come in at about $28 million to $29 million, a record by UH standards.

Clearly, the North American continent isn't the only thing that separates them. Football is credited with producing $54.6 million in revenue for the Gators, or nearly 65 percent of the total budget. At UH, football might do $11.5 million all things considered, or about 41 percent.

Florida projects a $1.39 million surplus. UH, at last report, was staring at a $1.1 million deficit for the upcoming fiscal year. Even after the $600,000 guarantee, from which they might hope to bank half.

UF reports an athletic endowment of $39.3 million; UH is at $4 million."

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