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UW reserves stood at $1.7 billion

 UW reserves stood at $1.7 billion
Posted Thursday, April 10th 2014 @ 3pm  by Associated Press


MADISON, Wis. (AP) _ New figures from the University of Wisconsin System show the system's reserves stood at $1.7 billion at the end of March.




The system released data Thursday that shows campuses had a combined $1.61 billion in uncommitted reserves. About $121 million was committed.




The figures also project the system will have $1.1 billion in uncommitted reserves and $205 million in committed reserves on June 30, the end of the state's fiscal year.




System officials have taken intense criticism over the last year for building massive reserves while raising tuition year after year.




The state budget Gov. Scott Walker signed in June requires the Board of Regents to craft a policy on how much cash campuses can keep on hand. The regents' finance committee was expected to vote on the policy Thursday.



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