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2023-2024 Operating Budget

2023-2024 Annual Operating Budget Book
(Download Full Budget Book)

The FY 2023-24 Budget Book presented here provides a high-level view of operating revenues and expenses for the University and its major operating units and describes the process and priorities that have guided decision-making across campus during budget development.

Following a year of significant investments in top priorities, the primary focus for the FY 2023-24 budget was to maintain the University’s financial position and focus on carrying out currently funded initiatives. The FY 2023-24 budget process included a review of requests totaling $108.7 million in new funding, with allocations focused on four themes: Fiscal Responsibility, Enable Career Development, Discover, and Serve to Benefit Society. The end result was an all-funds budget that totals $4.2 billion for University initiatives and reflects the broad scope and impact of the University’s mission.

The FY 2023-24 Operating Budget was approved by the Board of Trustees on April 27, 2023, and was submitted to the Board of Governors for review on May 25, 2023.

This online version of the report contains a downloadable PDF of the full report. Areas of interest can also be directly accessed by using the links below.

Introductory Section

2023-2024 Budget Process and Conventions

University All-Funds Budget

Campus Unit Operating Budgets