'Behind the Blue': Eric Monday Discusses UK’s 2022-23 Budget
LEXINGTON, Ky. (June 13, 2022) — Eric N. Monday is University of Kentucky’s executive vice president for finance and administration. One of his responsibilities in that role is to oversee the development and implementation of the university’s annual budget.
In a few days, the UK Board of Trustees will consider a $5.6 billion budget for 2022-2023. It is the largest budget in the history of the university — fueled by continued growth in the university’s health care enterprise and research missions, as well as what is expected to be the largest first-year class ever at UK.
On this episode of "Behind the Blue," Monday explains how the budget is shaped, some of the areas of emphasis for the budget and how it is helping move the institution’s mission forward — to advance Kentucky.
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As the state’s flagship, land-grant institution, the University of Kentucky exists to advance the Commonwealth. We do that by preparing the next generation of leaders — placing students at the heart of everything we do — and transforming the lives of Kentuckians through education, research and creative work, service and health care. We pride ourselves on being a catalyst for breakthroughs and a force for healing, a place where ingenuity unfolds. It's all made possible by our people — visionaries, disruptors and pioneers — who make up 200 academic programs, a $476.5 million research and development enterprise and a world-class medical center, all on one campus.
In 2022, UK was ranked by Forbes as one of the “Best Employers for New Grads” and named a “Diversity Champion” by INSIGHT into Diversity, a testament to our commitment to advance Kentucky and create a community of belonging for everyone. While our mission looks different in many ways than it did in 1865, the vision of service to our Commonwealth and the world remains the same. We are the University for Kentucky.