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by Quanticles
3873 days ago
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I don't get the table of subsidies - according to Google, Eastern Michigan has a $10.73M annual budget, but the table says that they have a $120M subsidy. For comparison, the University of Michigan, Ann Arbor, has a budget of around $137.5M. The article is talking about annual student fees but the listed subsidy is apparently for a decade or more of time. |
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The report shows $8 million in Athletic Student Aid, $4.3 million in 'Coaching Salaries, Benefits, and Bonuses Paid by the University and Related Entities', etc., with a 'total expenses' as $30,081,523 . That's well over your description of a $10.73M annual budget; where did you get your number? Does it include all of the details that go into support sports?
As for subsidies, that same eastern-michigan-fy2014.pdf describes $17,136,12 for direct institutional support and $6,374,741 for indirect support, giving $23 million.
That's for one year. The Huffington piece computes 'Total subsidy income, 2010 - 2014: $120,777,522', which is 5 years. 5 * 23 = $115 million, which is close enough that I won't dig up the numbers across all of the reports.