1.4 University and System Offices Deficit Reporting

Policy Statement

Units should monitor and evaluate the financial health of their unit to ensure that University of Illinois System financial resources are managed properly.

Reason for the Policy

The Vice President, Chief Financial Officer & Comptroller provides fiscal oversight through review of deficit remedial business plans.

Applicability of the Policy

Each university and the System Offices of the University of Illinois System.

Procedure

University budget offices and/or the Comptroller may periodically request units to prepare deficit remedial business plans.

Additional Resources

UIC Deficit Reduction Guidelines

System Offices Business Plan to Eliminate Deficit

Last Updated: May 30, 2023 | Approved: Vice President, Chief Financial Officer and Comptroller | Effective: July 2021