Regents approve $30 million allocation of LLC fee income, boosting contingency and reserve funds

The University of California Board of Regents on a voice vote approved the allocation of $30 million in LLC fee income for the 2025 fiscal year, directing the funds into contingency reserves, campus and program accounts and a new reserve tied to a potential federal contract. Chair Hernandez called for the motion and the item, listed as Item N‑1 on the agenda, passed with recorded ayes from Regents Aguayano, Hernandez, Lee, Myers, Park, Riley, Robinson, Sirs and Wang.

The allocation splits the $30 million across 10 categories the presenter described as addressing nondiscretionary pay and oversight, contingency reserves, capital and program grants and a new federal reserve. The presentation said the allocation includes an increase in the LLC fee contingency target from $12 million to $15 million and a proposed $2.1 million post‑contract…