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University of Idaho says finances have stabilized but reserve metrics lag; Phoenix affiliation talks extended
Summary
University of Idaho President C. Scott Green told JFAC on Jan. 27 that the university’s finances have stabilized after a prior $26 million base reduction but that reserves remain affected by a legacy retiree medical accounting adjustment; he also said talks over a possible University of Phoenix affiliation have been extended to June 10.
BOISE, Idaho — University of Idaho President C. Scott Green told the Joint Finance‑Appropriations Committee on Jan. 27 that the university’s finances have materially improved following multiyear reductions, but that several reserve and reporting metrics remain below State Board benchmarks because of legacy obligations.
Key points: President Green and Legislative Services Office analyst Kevin Campbell said the University of Idaho has a base budget of about $196.3 million and an enrollment of 12,286 students. Green told the committee the university took a one‑time base reduction of about $26 million in FY2021 to align expenses with revenues and that the institution has since stabilized cash flow and operations.
Green described a legacy retiree medical obligation (OPEB) that required a prior accounting adjustment affecting unrestricted reserves. He told the committee the university’s total consolidated net position is positive…
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