The University of Wisconsin System cash balances could increase by $150 million by the end of 2013, according to UW System administrators.
UW System spokesperson David Giroux said a “preliminary projection” suggests UW System reserves could reach $1.2 billion by June 30, 2013. The prediction follows a recent state audit which revealed the system held a $1 billion balance in June 2012.
However, Giroux emphasized the prediction was “a very, very preliminary high-level estimate” made by UW System Associate Vice President of Capital Planning and Budget David Miller in a meeting with state legislators earlier this week.
He added the system remains uncertain of how large the balance will be June 30, 2013.
“If we look at where they are today and we assume that everything from here to the end of June happens as it did a year ago then we may end up there,” Giroux said. “But a lot of things are, in fact, different.”
According to Giroux, a number of variables could change the year-end amount and offset the projected balance.
