You owe it to yourself to read this. Explanation of football "costs" is spot on. Some of our esteemed faculty should have this as required reading...things are not always as they seem.
+1.
Within the last year I did a water rate study on a city to determine the "true" cost of making water as a consultant. When all the numbers were exposed, and expenses were normalized, "interfund" transfers camoflagued the actual cost to make water. Despite what might have been their finance department's best intentions to navigate bureaucracy and balance a budget, the reality was water didn't cost as much as was being reported.
Some of the inconsistencies in the mentioned "interfund" transfers included the city charging the city's water utility* more for city services and personnel than the city literally paid at the end of the day. The excess was used in turn to subsidize other operations. *(for clarification the city's water utility was the city, not a third party)
I have no doubt that this type of creative accountanting takes place wherever bureaucracy is present, including Ohio University. I would imagine the "true" cost to play football at OHIO is also less than is being reported for similar reasons.
Last Edited: 12/9/2014 8:27:19 AM by The Situation