FY24 Budget

Chancellor White submitted UAF's initial FY24 operating and capital budget requests to the UA System Office on August 10, 2022. The operating budget request is centered on UAF Strategic Goals, UA Goals and Measures, and incorporates guidance issued by the UA System. This budget submission marks the beginning of initial discussions among the universities and the UA System about FY24 budget strategy and priorities. In September, the Board of Regents will engage in further discussions about budget requests for submission to the state of Alaska.

UAF FY24 Operating Budget Request

FY24 budget guidance provided by the UA System Office asked for the universities to consider the following guidelines that will be used to develop the overall FY24 budget request:

  • Priority focus areas as provided in the goals and measures
    • Increase enrollment through retention in degree programs for Alaska’s workforce
    • Develop workforce and focused economic development initiatives
    • Promote Arctic policy, research, and leadership
    • Strengthen teacher education through the Alaska College of Education Consortium
    • Advance the Alaska Native Success Initiative
    • Build finance industry partnerships to expand business workforce
    • Increase fisheries and ocean sciences presence in Southeast Alaska
    • Revise business models for efficiency and modernization
  • Stability
    • Staff and faculty compensation necessary to attract and retain quality employees
    • Other fixed-cost funding
    • Bridge funding as enrollment rebounds
    • Key program investments for economic return
    • Expansion of WWAMI program
    • TVEP programs mature to UGF funding
    • Fund balance 4% (± 1%) of operating expense
  • Revenue
    • Earned revenue transition to greater revenue contributor
    • Partnership opportunities
    • Infrastructure package opportunities
    • Enrollment/Tuition (including dual enrollment)
    • State funding environment
  • Capital funding for deferred maintenance and renewal projects
    • Governor and Legislative Opportunities
    • Elections
    • Address rural campus bandwidth issues
    • Address IT/Broadband redundancies and resiliency
    • Timing issues with eligibility for Alaska Performance Scholarship (APS) and Alaska
    • Education Grant (AEG)
    • Consider advocating for student loan forgiveness
    • Consider advocating for K-12 (e.g. middle college legislation)
  • Key Communication Areas
    • Continue to rebuild public trust in the university
    • Affordability/Accessibility
    • Quality and Value of Higher Education
    • UA's contribution to the fueling of Alaska's Economy & in meeting state workforce needs
    • Impact of research in solving issues important to Alaska and the world