Interim Chancellor David Ward issued the following statement on Monday, May 6, 2013.
I have appreciated the discussion I have heard on campus regarding the fund balances carried by University of Wisconsin System schools. As I wrote in the April 25 email on this subject, the funds in these accounts are used to help UW–Madison succeed in its academic and research missions.
I am following up to give you more specifics about the funds, and to clarify some points about them.
The fund balances are reported publicly each year in the state’s Comprehensive Annual Financial Report and the UW System’s Annual Financial Report. These reports present a snapshot of the balances at a specific time.