The CU Board of Regents on Friday unanimously approved a $3.04 billion budget for the University of Colorado for fiscal year 2013-14. The budget increased by $68.6 million, or 2.3 percent, from the 2012-13 revised budget.
Key revenue increases include:
Budget breakdown by campus/administration:
As university leadership looks ahead, Todd Saliman, vice president and chief financial officer, asked the board to consider whether it would prefer to budget year-to-year (as is done now), enact a multi-year plan or a hybrid of both.
When asked by Board of Regents Chair Michael Carrigan for their preference, campus chancellors said they favored a multi-year plan, as long as it allowed for flexibility.
The board will further consider its options as planning for FY 2014-15 begins in the fall.