University Financial Updates
Page updated April 25, 2024
Ensuring Financial Health and Success
The University of Arizona is actively working to ensure strong financial health and the ongoing success of our teaching, research and outreach mission. This page contains the most up-to-date information about our progress, resources and more.
Financial Situation and Action Plan Overview
The University has an annual budget of approximately $2.7 billion. As a result of accelerated spending from FY 2022 to FY 2023, the University experienced a decline of $140 million in cash and investments, when comparing the University's cash position snapshot in June 2022 to its cash position snapshot in June 2023. On June 30, 2023, the University had $704.5 million in unrestricted cash and short-term investments, which translated to 110 Days Cash on Hand, 30 days short of the ABOR-required minimum. Days Cash on Hand is not a comprehensive measurement of the University's financial health. It is one key directional indicator of some systemic financial issues that need to be addressed and it is a factor in the University's credit rating.
The University's immediate financial task is to address and eliminate its structural deficit while ensuring the ongoing success of its teaching, research and outreach mission.
Our Progress
Updated May 2, 2024
Since the fall of 2023, the University created an action plan and has taken steps to eliminate our structural deficit and to ensure the University's long-term financial health. Each step we are taking is in support of our teaching, research and outreach mission. More information about our progress is outlines below.
Moving Forward
University leadership will continue to work with the Arizona Board of Regents and shared governance partners to inform solutions that will allow us to balance our budget by Jan. 1, 2026, while also minimizing the impact on our students, faculty and staff. We will share regular updates about the financial action plan and budget decisions impacting the campus community.
This process will be transparent, measurable and accountable.
We will take all actions necessary to ensure our University continues to provide an outstanding educational experience for our students, research that drives economies and improves lives, and outreach that benefits millions across the state of Arizona and far beyond.
Please continue to consult this website if you have questions or would like more information.
Resources
Action Plan Items
Resources related to the financial action plan items.
Budget & Planning
Resources related to budget and planning at the University of Arizona.
FY 2025 College Budgets - Preliminary
Arizona Board of Regents
Resources related to the governing body for Arizona's three state universities.
Previous Updates
Date | Sender/Information Source | Title or Subject |
---|---|---|
April 25, 2024 | John Arnold and Ronald Marx | Update on Fiscal Year 2025 College Budgets |
April 25, 2025 | Helena Rodrigues, John Arnold, Ronald Marx | Update on Recent Decisions Regarding Separation Processes |
April 18, 2024 | Robert C. Robbins, President | University of Arizona Budget Update for Fiscal Year 2025 | ABOR meeting recording |
April 4, 2024 | John Arnold and Ronald Marx | Update on the University’s Financial Action Plan Progress | ABOR committee meeting recording. |
March 28, 2024 | Ryan Goodell | College and Division Leaders to Submit Capital Projects Inventory for FY 2025-2027 |
March 15, 2024 | University of Arizona News | Regents Vote to Approve President Robbins' Request to Reduce Salary |