Fund balance issue tops Regents agenda

In response to concerns raised by legislators and the general public, UW System Administration has overhauled its reporting system for Program Revenue Fund Balances, and prepared a report about the changes. “This report provides a clear and detailed picture of the fund balances at each campus,” said UW System President Ray Cross late last week. “It represents an unprecedented level of transparency for the UW System or for any state agency.” Based on definitions created by the Legislative Audit Bureau, UW System institutions have a total of $175 million in actual reserves (in Reserved and Undocumented funds). That amount is about 3% of the total $6 billion operating budget for all UW System institutions. The matter will be discussed at this week’s Board of Regents meeting in Stevens Point. Read a news release.

To follow the Regents live…

The Board of Regents’ October meeting will be webcast this week, hosted by UW-Stevens Point. Live video streaming is scheduled at these times:
• Thursday, Oct. 9, 1:15 – 4:30 p.m.
• Friday, Oct. 10, 9 a.m. to noon

A link to the webcast will be on the UW System homepage, Check back for a news summary of the meeting, posted later in the day after the meeting concludes. You can also receive occasional updates from the meeting on Twitter by following @uwsystem or using the hashtag #uwregents.

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