Background

The Florida Legislature cut funding to all state universities this year and apportioned those cuts according to the amount that each university has in its reserves. Both the Legislature and the Board of Governors (BOG) have made it clear that universities are expected to spend from their “unrestricted net assets,” the university’s reserves, to cover this temporary budget shortfall.
http://www.flbog.org/pressroom/news.php?id=447

Recent audits show that as of June 30, 2011, UF had at least $110 million in unrestricted net assets—enough to cover the shortfall several times over.
http://www.myflorida.com/audgen/pages/pdf_files/2012-147.pdf  (see charts on pages 21, 25)

UF’s priorities are in doubt:  Other state universities are following the legislative directive to spend down their reserves. UF’s administration, however, has opted to dismantle successful departments (such as CISE), lay off valuable staff members (as in the plan for CLAS), abrogate their commitments to funded graduate students, bypass shared governance, undercut tenure and academic freedom, damage UF’s reputation, and undermine the University’s academic mission.(See also ideology and politics ).

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