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The Water Cooler
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OU is a BILLION dollars in debt!
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<blockquote data-quote="Uncle TK" data-source="post: 3126848" data-attributes="member: 31781"><p>Dennis you are correct, schools systems use fund accounting and then only show the general or operating fund to the public not the consolidation of all the funds.</p><p>From Post #40 They have over $1.6 Billion in their endowment and a publicly advertised $941 million in annual revenue from state appropriations, tuition, grants, contracts etc...</p><p></p><p>Big donors have never given a dime to the General Fund their money is given to special funds. that you never see the balances of these funds.</p></blockquote><p></p>
[QUOTE="Uncle TK, post: 3126848, member: 31781"] Dennis you are correct, schools systems use fund accounting and then only show the general or operating fund to the public not the consolidation of all the funds. From Post #40 They have over $1.6 Billion in their endowment and a publicly advertised $941 million in annual revenue from state appropriations, tuition, grants, contracts etc... Big donors have never given a dime to the General Fund their money is given to special funds. that you never see the balances of these funds. [/QUOTE]
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OU is a BILLION dollars in debt!
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