University of Illinois System

University of Illinois System Budget

The University of Illinois Board of Trustees approved a $7.8 billion budget for fiscal year 2024 to fund operations and employee benefits for the system and its universities in Urbana-Champaign, Chicago and Springfield.

Budget Comprised by Four Types of Funds

Total FY24 Budget: $7,800 Million

General Operating

$2,700 M


$1,166.3 M


$2,622.5 M

Payments on Behalf

$1,316.2 M

Top Four Expenses by Category

Excluding Payments on Behalf

Compensation & Benefits

$3,236.0 M

Supplies, Services & Equipment

$2,299.7 M


$443.3 M

Utilities & Maintenance

$249.9 M

As part of the annual budget development processes the Budget Summary for Operations document is presented to the Board of Trustees for approval.  Read the current Budget Summary of Operations along with other key financial presentations.  

Learn more about the university budget in this great short video: