The 2026-27 Budget: University of California

Feb 26, 2026 - UC reserves also were impacted by the infusion of federal stimulus funding and one ‑time state funding provided in 2021 ‑22 and 2022 ‑23, with levels growing somewhat over those years. In 2023 ‑24 (the most recent year for which UC has reported data), UC reserves declined from 17  percent to 15  percent of annual core fund expenditures —equating to just under two months of reserves.
https://lao.ca.gov/Publications/Report/5143