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re: SEC university debt.
Posted on 8/15/16 at 12:15 pm to RocketBallz
Posted on 8/15/16 at 12:15 pm to RocketBallz
I always assume that "debt" as listed by a public institution is simply accounting manipulation and justification for raising tuitions.
2
Posted on 8/15/16 at 12:52 pm to East Coast Band
quote:
I always assume that "debt" as listed by a public institution is simply accounting manipulation and justification for raising tuitions.
bonds and such are treated as debt
Posted on 8/15/16 at 1:26 pm to East Coast Band
quote:
I always assume that "debt" as listed by a public institution is simply accounting manipulation and justification for raising tuitions.
You assume incorrectly.
For the record, Alabama's total current and non-current liabilities are $1.98 billion. Auburn's are $1.65 billion.
Both increased substantially last year to recognize about $500 million each in RSA pension liabilities after implementing GASB 68.
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