http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060627006105&newsLang=en

The article cites a lot of reasons for FAU being in its best financial shape ever. Some risks are also mentioned. It also predicts 30000 students by 2009.

This article pretty much the same except this is for a bond issue for dorms. We had heard about this a while back that the university was going to issue bonds for more dorms.

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060627006108&newsLang=en

Great post!

That was an ongoing battle on a few other boards. Trying to explain the fact that a lot of schools operate this way regarding the dollars within the athletic departments and how they show the figures. Some actually lose money.

The "Notwithstanding" paragraph (near the end) really sums it up!


BTW..I am nowhere near any type of math or financial whiz.

ONe thing I didn't notice until I read it again. Towards the end it states that

FAU plans to launch a capital campaign in the near term to help support scholarships and student financial aid.

This might be the $500mil goal that has been talked about for a while. I guess now that they have the personel in place again, they're going to get busy with that..

Here's the "light" version of the report:

http://southflorida.bizjournals.com/southflorida/stories/2006/06/26/daily26.html

$500 million would be an unprecedented capital campaign for a University our age and size. While UF can undertake a $1 billion capital campaign, they have 150 years of alumni to draw on. It would be an exceptional accomplishment.

It's exciting to see the new dorms get underway. Does anyone know how many students are expected to live on campus once all the planned dorms are built?