Link: http://www.benzinga.com/pressreleas...-athletic-associations-rev-bonds-at-a-outlook
GTAA consistently generates GAAP-basis operating deficits. However, operating performance improved slightly in fiscal 2015 due partly to the ramp-up in conference revenue, which offset continued cost pressures from higher debt service and student services. GTAA's operating results, while negative, tend to fluctuate due to changes in teams' home schedules and activities in a given year.
Deficit-generating operations are partially supported by distributions made by the foundation from GTAA's endowments. Expense pressures may continue, as recent NCAA legislation expanding schools' flexibility to offer support to student-athletes will likely raise costs related to scholarships and services. GTAA is implementing cost containment measures that, coupled with continued growth in conference revenue, are expected to maintain operating deficits at a manageable level.
GTAA consistently generates GAAP-basis operating deficits. However, operating performance improved slightly in fiscal 2015 due partly to the ramp-up in conference revenue, which offset continued cost pressures from higher debt service and student services. GTAA's operating results, while negative, tend to fluctuate due to changes in teams' home schedules and activities in a given year.
Deficit-generating operations are partially supported by distributions made by the foundation from GTAA's endowments. Expense pressures may continue, as recent NCAA legislation expanding schools' flexibility to offer support to student-athletes will likely raise costs related to scholarships and services. GTAA is implementing cost containment measures that, coupled with continued growth in conference revenue, are expected to maintain operating deficits at a manageable level.
