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Message: [QUOTE="arbitragegls, post: 297395, member: 302"] [B]meeting noted no short fall for '11 and no short fall for next budgetary cycle. So much for dollars needed to cover losses[/B]--except the football team just isnt winning enough. Hey FSU, get with the program and win for the ACC!!! (more coming from ACC shortly as noted from my previous posts on NCstate source--maybe things are cooling down!) [B]10:08 a.m. — Spetman announces that FSU received more than it had expected from the ACC in conference distribution money. The Seminoles received $1.6 million more than the conference had originally told them. Were expecting about $14.1 million given in payouts on Dec. 1 (of last year) and June 1 (of this year). On June 1, the school received the additional money, totaling just short of $16 million for the year.[/B] [B]This means, that previously reported $500,000 budget shortfall the athletic department had from this past school year’s budget cycle, has now been cleared. FSU is in the black for that budget. Spetman said there also should not be a budget shortfall, as previously reported, for the next budgetary cycle. The athletics budget is in the black.[/B] [B]10:10 a.m. — Spetman asked about the reports about FSU’s supposed $2.4 million shortfall entering the 2012-13 budgetary cycle. He didn’t say the reports were false, just that they reported what was essentially incomplete information. Because the ACC was conservative on its payout, the athletics board hadn’t included the $1.6 million in its budget. So, a shortfall was reported based on the numbers that had been provided.[/B] [B]10:22 a.m. — The board learns that Seminole Boosters have received approximately $20 million in funds for the Indoor Football Practice Facility. That’s not to say, however, that all of those funds are in the coffers right now. Those funds are all timed to come in at different times, according to one trustee member. But, the pledges have been made. They could go into a special investment fund that would have to be paid off at a particular time. Essentially, it sounds like the IPF is on solid schedule footing, for now.[/B] [/QUOTE]

Verification: What is a Syracuse fan's favorite color?