University of Illinois System

FY22 Planning

Scenario Planning For FY 21 Budget

  • Fall contingency planning efforts are ongoing
  • Multiple scenarios developed for certain revenue and cost elements
  • Enrollment numbers uncertain until August
  • New cost elements must be projected
  • Refining projections as new information becomes available
  • Timeline for final budget development being adjusted accordingly

Revenue and Expense Projections Still Evolving

Revenue

  • Enrollment & Tuition
  • Room and Board
  • Clinical Revenue
  • Athletics
  • Self Supporting Programs

Expenses

  • Reconfiguring Residence Halls
  • Reconfiguring Classrooms
  • Hybrid Class Delivery
  • Cost of Testing
  • PPE
  • New Cleaning Protocols

Budget Development Timeline

July

  • Provisional budgets developed by each university with estimated revenue  and additional costs

August/September

  • Refine estimates based on enrollment and cost projections
  • Finalize university level budgets

October/November

  • Finalize college level budgets; seek BOT approval of final FY21 budget at November meeting

Expense Control Measured Introduced

  • Reduce travel related expenses
  • Reduce expenses for supplies and purchased services
  • Curtail non-faculty hiring; only fill critical positions
  • Slow down or postpone capital projects
  • Selected salary reductions

Additional COVID-19 Resources

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