University of Illinois System Budget

>> FY21 Budget Planning

The University of Illinois Board of Trustees approved a $6.97 billion budget for fiscal 2020 to fund operations and employee benefits for the system and its universities in Urbana-Champaign, Chicago and Springfield. The fiscal year 2020 budget represents a $141 million or 2.1 percent increase over fiscal year 2019. Without payments on behalf, the operating budget totals $5.25 billion. 

  • Compensation & Benefits, 53%
  • Supplies & Services, 34%
  • Student Aid, 8%
  • Depreciation, 5%

Within the office of the CFO, the OBFS Budget Offices coordinate the annual budget development processes that result in the preparation of the University of Illinois System Budget Summary for Operations document presented to the Board of Trustees for approval.

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