Howard Ikeda
Howard Ikeda
cash pays surplus
It's inconsistent that UH pays rent. We've always had a cash surplus every year.
adding balance million surplus
Operationally, every year, we've accumulated some surplus. I think the surplus balance should be about $4 million this year. Projecting forward, I think we'll be adding to that.
based future percent yes
Based on our projections, yes we can. We still have the back door. We can still go in with the $10,000 or 7 1/2 percent (in future years), only if we have to.
building either lose repair stadium
We either repair it or lose it. And we have to do something now. But building a new stadium is out of the question.
cover disaster expenses operating revenue total
We can cover our operating expenses without the revenue from UH and we have a cushion. Notwithstanding a total disaster, these projections should hold.