Methinks they can sustain a bit more “austerity.”
By Ola Lisowski
The University of Wisconsin System holds $1.33 billion in reserve balances, according to a new audit report. Of the fund, $866.6 million is made up of unrestricted balances, and $468 million is restricted balances.
The audit, released by the nonpartisan Legislative Audit Bureau on July 30, shows total program revenue balances have increased by 0.8 percent since the previous year, when the system held $1.32 billion total. While restricted balances increased from $417 million to $468 million this year, unrestricted balances fell from $906.9 million to $866.6 million.