Fo, I love that statement by Pres K. Friendly, optimistic, and good humor.
FYI UNT contributes $8 million per year from institutional funds for operations (which is on top of student fees, gifts, athletic revenue, etc.) that is in the typical range for a have-not and about what we would need to do to play at the 1a level.
I'm going to question that number. We have a budget that is roughly $10 million with 14 sports. Arkansas State's budget is roughly $14 million for 16 sports.
Well, I didn't say a university could not get by with less, but unT puts in about $8 million from institutional funds. I didn't pull that number out of the air. The following is from a presentation their president made to their BOR at the September 17, 2013, regents meeting. This is 2014 Budgeted Revenue (or cash inflows) and is in millions. Their president actually asked for more than this, and didn't get it all. He is trying to get to the Conf USA average, from what I read. Don't ask me how "capital improvements" is a revenue generator, but some of the smaller categories can probably be understood, e.g., "Advancement" is gifts, "Facilities" could be rental income. The big numbers are what is most significant.
Student Athletic Fee $8.1
Capital Improvements $0.7
Marketing and Promotions $1.538
Student Service Fees $2.8
NCAA/Conference USA $1.750
Men's basketball $0.647
Woman's basketball $0.059
All other sports $0.072
Institutional Funding $8.321
If I input this correctly, it adds up to $28.5 million
So, even after the students pay significant athletic fees and student service fees directed to athletics, the university still has to come up with $8.3 million every year, and growing. (BTW, did anyone see the recent articles about people on the unT campus being up in arms about the $1.5 million cut back their library is facing?)