UW regents approve reserves report



We also have more stories about:
(click the phrases to see a list)

 


MADISON, Wisconsin — The University of Wisconsin System's regents have approved a new report detailing system campuses' reserves and balances.

The regents approved the report unanimously during a meeting Thursday at UW-Stevens Point. It goes next to the Legislature's finance and audit committees.

The report shows the system's four-year and two-year schools, UW-Extension and system administration finished the 2013-14 fiscal year with a total of $973.3 million left over.

About $798 million of that money was earmarked for a specific purpose. Another $110.8 million was placed in reserve accounts. No spending plan exists for the remaining $64 million. That money has been placed in escrow.

UW System President Ray Cross says he considers the $174 million in reserve and escrow to be the system's true reserves.

All content copyright ©2014 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528