LEXINGTON, Ky. (June 22, 2021) — Members of the University of Kentucky Board of Trustees passed a $5.1 billion UK budget for 2021-2022 last week. The budget details how the university funds the salaries of some 20,000 employees, sets tuition for 30,000 students and describes the operations of a hospital system that now comprises roughly half of UK’s budget.
But at its core, according to UK’s Executive Vice President for Finance and Administration Eric Monday, a budget is about values and priorities. Monday believes a budget provides a roadmap to better understand what the institution really values.
In this episode of "Behind the Blue," Monday discusses those values and priorities in detail as he breaks down a record budget for the University of Kentucky.
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The University of Kentucky is increasingly the first choice for students, faculty and staff to pursue their passions and their professional goals. In the last two years, Forbes has named UK among the best employers for diversity, and INSIGHT into Diversity recognized us as a Diversity Champion four years running. UK is ranked among the top 30 campuses in the nation for LGBTQ* inclusion and safety. UK has been judged a “Great College to Work for" three years in a row, and UK is among only 22 universities in the country on Forbes' list of "America's Best Employers." We are ranked among the top 10 percent of public institutions for research expenditures — a tangible symbol of our breadth and depth as a university focused on discovery that changes lives and communities. And our patients know and appreciate the fact that UK HealthCare has been named the state’s top hospital for five straight years. Accolades and honors are great. But they are more important for what they represent: the idea that creating a community of belonging and commitment to excellence is how we honor our mission to be not simply the University of Kentucky, but the University for Kentucky.