Regents approve $4.11 billion budget

Systemwide total increases 4.4 percent over previous year

The CU Board of Regents on June 15 unanimously approved a budget of $4.11 billion for the 2017-18 fiscal year that begins July 1.

The total represents an increase of $173.5 million, or 4.4 percent, over the current budget year.

Revenue sources include tuition and fees, health services, government grants and contracts, auxiliary units and philanthropy. Direct funding from the state totals $211.3 million, or 5.1 percent of the total CU budget.

The budgets by campus and system administration are:

  • CU Boulder: $1.69 billion
  • UCCS: $251.5 million
  • CU Denver: $290.8 million
  • CU Anschutz Medical Campus: $1.87 billion
  • System administration: $157.4 million

The budget presentation by Todd Saliman, vice president and chief financial officer, lists more details.

As approved, the budget includes a 2.5 percent base-building salary increase for employees.

While the Legislature’s state budget for the coming fiscal year brought good news for CU, the current federal budget proposal raises concerns for the university. The board heard the latest on that from Tanya Kelly-Bowry, vice president for Government Relations.

She said that while proposed increases to the Department of Defense and Homeland Security would potentially benefit CU, which receives some funding in those areas, many other entities might see cuts: the National Institutes of Health, the National Science Foundation, the National Oceanic and Atmospheric Administration and the National Institute of Standards and Technology among them.

CU Anschutz Chancellor Don Elliman said the proposed NIH cuts would cost the campus an estimated $50 million, “but I think the impact would be worse than that."

Changes to the Affordable Care Act also could result in challenges next year for the state Legislature, Kelly-Bowry said, which eventually would have an impact on funding for CU and higher education.