“They don’t have the money..?
Lemme tell ya, they HAVE the g*d damned money.”
Yep, sure they do. Colleges are masters of hiding money and endowments and rotating money around.
Heck our local public school hid money so they could get a levy passed and when it did pass they mysteriously found the money. Couple of board members and school treasurer had to resign over that bruha.
Here's an example.
Every year just before new budget time, one of the State Universities here would deposit hugely into their postal nonprofit bulk mail account. Then they would show it as a "postage expense," on their balance sheet, rather then showing it on the asset side.
Since they were short of funds, they begged for an increase.
I saw that pattern every year for ten years.