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University of Arizona and the curious case of the missing quarter billion dollars


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Posted

okay then... someone is going to prison.  There's going to be a lot of fed money lost in that bundle.  The forensic audit should be very interesting.

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Posted
1 minute ago, gernblansten said:

"In my defense, I tens of thousands of exhibits to show just how distracting it is to work here, leading to simple accounting errors. Ex. 1 of 37,185.."

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U of A OnlyFans... deficit made up in record time

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Posted

I’m just traveling on the money, going where the waves are to finance my endless summer. The 50 year storm has hit Bell’s Beach, Australia and I will be there, man. 

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Posted
1 minute ago, Nicole44 said:

I’m just traveling on the money, going where the waves are to finance my endless summer. The 50 year storm has hit Bell’s Beach, Australia and I will be there, man. 

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So Lady Bird Lake has waves?  Who knew?

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Posted

From the Tucson paper article, one of the UA Physics professors just straight up suggested they sell the Athletics Department:

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I guess Tucson is pretty similar climate to Saudi Arabia if the Sovereign Wealth Fund wants to dip its toes into college athletics?

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Posted

I've come across a great opportunity, but I only have 90 days to secure funding.  Who wants partial ownership in a D1 athletics department?  For sexurity reasons, I can't disclose which one until after the purchase.

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Posted
4 minutes ago, JBJ said:

I've come across a great opportunity, but I only have 90 days to secure funding.  Who wants partial ownership in a D1 athletics department?  For sexurity reasons, I can't disclose which one until after the purchase.

Typo or nah?

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Posted
18 minutes ago, gernblansten said:

"In my defense, I tens of thousands of exhibits to show just how distracting it is to work here, leading to simple accounting errors. Ex. 1 of 37,185.."

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All the Big XII programs going forward...

Come To Butt Head Beavis And Butthead GIF - Come To Butt Head Beavis And  Butthead - Discover & Share GIFs

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Posted (edited)

The article isn't terribly clear, I guess by omission rather than commission...was this just at Athletics at UA, at UA campuswide, at Arizona Regents systemwide (they have just the one system with board and head for the 3 big campuses and then I think a med school and some CEU satellite deals).  Or was this all the way up to their state comptroller?  Or probably some combo of all of the above that we'll never know about because you know...small, efficient governance.  That's a pretty big fucking rounding error though even for a school of that size.  Even for UTIMCO, that'd be a massive red flag and UA system is what...maybe a tenth of that size/endownment/expenditure?  Then again, I was assured by one of the smartest Americans that there's 1.4bn people in North Korea, so what the fuck do we know.  I feel like everything these days is like Rizzo in Jerky Boys, "That's right...you do the estimating.  I do all that shit, ya know?!?"  

No CR, but I bet dollars to donuts I know who is involved in this.  And no, this time...it's not Frank Stallone.

Edited by YGIFS
Posted (edited)
22 minutes ago, MonkeyDoughnut said:

For context:

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Looks like she could prob still pitch in on that "UA Only Fans for Financial Solvency" fundraising effort...BizTucson may want to revoke that award tho

Edited by Evil Bill Obrien
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Posted
35 minutes ago, Nicole44 said:

The 50 year storm has hit Bell’s Beach, Australia and I will be there, man. 

Death on a stick out there mate.

All kidding aside, Rosie, he's like a machine. He's got this gift of blankness. Once you set him in motion, he will not stop. I use him to handle all of my significant accounting errors.

 

 

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Posted (edited)

They need to try and sell more advertising rights to their jerseys for football and basketball...  get Yormark to help.  😂

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Edited by LTtxfan
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Posted

I don't know if they work off a 365 day pro-forma, but if they do...156 days?  That's a nearly 20% miss.  That's a big fucking deal in the public sector.  Particularly when a public university's YoY model is pretty fucking stable outside of off-revenue capital projects like new arena, Taylor Swift as Provost hiring bonus, etc.---that kinda one-off shit.

Posted
1 minute ago, YGIFS said:

I don't know if they work off a 365 day pro-forma, but if they do...156 days?  That's a nearly 20% miss.  That's a big fucking deal in the public sector.  Particularly when a public university's YoY model is pretty fucking stable outside of off-revenue capital projects like new arena, Taylor Swift as Provost hiring bonus, etc.---that kinda one-off shit.

Yea I don’t get how you miss that badly. But the cause seems pretty clear, they have been giving any student with half a brain a free education. Sucks to suck. 
“If you look at the band from 3.75 GPA to 4.0, there are a lot of students here that pay nothing,” he said. “We lose money on every one.”

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Posted
1 hour ago, gernblansten said:

"In my defense, I tens of thousands of exhibits to show just how distracting it is to work here, leading to simple accounting errors. Ex. 1 of 37,185.."

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1, 1, 1

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Posted (edited)
1 hour ago, Earl Haffler said:

She's too hot to be smart.  But she does look like she has a little Oriental in her.

Maybe she  occidentally  messed up the maths.

Edited by YGIFS
Posted
4 hours ago, gernblansten said:

"In my defense, I tens of thousands of exhibits to show just how distracting it is to work here, leading to simple accounting errors. Ex. 1 of 37,185.."

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1, 2, 3? I guess? Hottest last place finisher ever.

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Posted

That really is a lovely.  You can tell left has the best ass.  middle is the more beautiful face and right has the best tits.  I don't know what you call the amalgam, but it'd be top notch to superlatively top notch.

Posted
 
How fired does the UA CFO have to be for messing up finances by a quarter billion?
 
Sounds like the perfect candidate to take the reigns of the Pentagon accounting office, or any government agency tbh.
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Posted
3 hours ago, Irieguy said:

Yea I don’t get how you miss that badly. But the cause seems pretty clear, they have been giving any student with half a brain a free education. Sucks to suck. 
“If you look at the band from 3.75 GPA to 4.0, there are a lot of students here that pay nothing,” he said. “We lose money on every one.”

Having done my graduate work at that University I can confirm both the ridiculously distracting level of talent on campus and also the staggering level of stupidity on that campus.

Students from Arizona are far outnumbered by rejects of the Cal and Texas programs. I couldn't tell you how many unreadable, incoherent essays I came across while grading for 3rd and 4th year classes. And these were students in communication science and linguistics courses.

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Posted
11 minutes ago, ousux said:
4 hours ago, Evil Bill Obrien said:
 
How fired does the UA CFO have to be for messing up finances by a quarter billion?
 

Sounds like the perfect candidate to take the reins of the Pentagon accounting office, or any government agency tbh.

No way.  Under qualified.

Posted
5 hours ago, Evil Bill Obrien said:

 

How fired does the UA CFO have to be for messing up finances by a quarter billion?

 

Nah he paid off a lot of people with that much cream. His job security will probably fall on some asshole who feels his 2 mm was not enough.

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