Budget

UC statement on Gov. Newsom’s 2022-23 budget proposal

University of California President Michael V. Drake, M.D., today (Jan. 10) issued the following statement on Governor Gavin Newsom’s proposed 2022-23 budget:

The University of California is grateful to Gov. Newsom for his continued leadership and steadfast support of the University. The priorities he outlined today reflect our shared commitment to expanding the positive impact the University has on the lives of all Californians.

UC Regents approve Tuition Stability Plan to increase predictability, financial aid and academic resources; tuition for current undergraduates to remain flat

The University of California Board of Regents approved today (July 22) the Tuition Stability Plan to increase predictability for students and families, better support students with the greatest financial need and provide critical resources for UC campuses.

The Plan will begin fall 2022 and will not impact current UC undergraduates or incoming 2021-2022 undergraduates.

Reminder: Q3 S&U Variance Reporting due 5/4/21

Q3 Sources & Uses Variance Reporting is due in AggieBudget on May 4, 2021.

If you have questions about the process, please see the User Guide, AggieBudget S&U Review and Comment Workflow, available in the Help Documents when you log into AggieBudget. Start your login from a supported browser, Explorer or Edge, since the workflow needs to be completed in the Windows (desktop) client; those are the default browsers for access.

Important System Dates

February 17, 2021 - Forecast plan files closed for edits at 6 pm
February 18, 2021 - System down time for rollover to next budget cycle 
February 19, 2021 - Plan File Manager (PFM) opens for changes (through March 5), users will be notified via email
Week of March 8, 2021 - Budget plan files open for edits, users will be notified via email
June 30, 2021 - Budget plan files close for edit at close of business

Federal, State Funding Ease Campus Strain

A version of this article originally appears in Dateline on Jan. 12, 2021 

Budget reduction options under discussion since last month are off the table, Chancellor Gary S. May and Provost and Executive Vice Chancellor Mary S. Croughan said Monday (Jan. 11), attributing the decision in part to new federal stimulus money and the proposed state budget. 

Provost Croughan introduces mitigation strategies to address financial impacts of COVID-19

Economic impacts from the COVID-19 pandemic have so far added up to a $210 million hit to the UC Davis budget—with the potential for losses to grow. Campus budget leaders have announced strategies to address and mitigate these financial challenges, with principles that require shared sacrifice, but emphasize protecting employees from indefinite layoffs and continuing to support student academic success.