$1.6B in FY24 central Chancellorial resources is the portion of revenue directly available to the Chancellor and Executive Vice Chancellor & Provost (EVCP) to put towards campus commitments (e.g. faculty salaries)
| Allocation | Fund | Amount in $USD Millions |
|---|---|---|
| Campus Units | Medical Centers | $4,181 |
| Campus Units | Faculty Practice Group | $3,357 |
| Campus Units | Contracts & Grants | $1,462 |
| Campus Units | Other Core Funds | $534 |
| Campus Units | All other | $1,651 |
| Central Funds | State Appropriations | $641 |
| Central Funds | Net Tuition | $538 |
| Central Funds | Other | $400 |
Of the $5.2B that is allocated to the Campus (non-Health units), 70% is allocated directly to campus units, while 30% ($1.6B) goes to central resource budget
SOURCES of central resource budget include:
- State Appropriations
- Tuition (excludes OP mandated financial aid, PDST, SSDP)
- Chancellor portion of Indirect Cost Recovery (grants)
- Investment Income (STIP)
- Small amounts of gifts and other funds
USES of central resources:
- School instruction budgets
- Faculty salary increases
- Academic initiatives (TA salary increase funding, faculty recruitment and retention, additional student support)
- Other operating commitments
- Debt service