TechPhi97
Ramblin' Wreck
- Messages
- 570
- Location
- Davidson, NC
Those are interesting numbers. Where are you finding those numbers for GT and other schools?
College Athletics Database
knightnewhousedata.org
That is for the base debt and debt service numbers, and then I did some fancy math in Excel to look at the ratios. I used the Athletic Association's financial report from GT to fill in the blanks in my head. I think the way we've been financing these things it that we've got a commitment for a particular $$ amount (probably as a % of cost) before we start the projects, but those commitments typically show up as balance sheet entries as money is actually donated. I think we have floated bonds for the entire amount (or a majority) and then we use those committed donations / endowments to pay that down. If you look at our debt service vs. outstanding debt, we've got a pretty great rate on borrowings, and I imagine the endowments that grow through the Foundation are growing at a better annual rate than our debt interest.
I'm just reading the tea leaves, but it feels like we're in a solid position.