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
Payments on Behalf
$1,316.2 M
Top Four Expenses by Category
Excluding Payments on Behalf
Compensation & Benefits
$3,236.0 M
(49.0%)
Supplies, Services & Equipment
$2,299.7 M
(35.4%)
Scholarships
$443.3 M
(6.8%)
Utilities & Maintenance
$249.9 M
(3.9%)
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: