Chancellor Kevin Guskiewicz said that while the full severity is still unknown, financial challenges remain focused within three areas: a structural budget deficit, COVID-19 revenue losses and deferred maintenance. “First we have a structural budget issue, which is the gap between our recurring revenues and recurring or ongoing experiences,” interim Vice Chancellor for Finance and Operations Nate Knuffman said at November’s Faculty Council meeting. “This gap has evolved over the past several years at Carolina, and we estimate it totals approximately $100 million this fiscal year.” Additionally, the pandemic continues to affect UNC’s income-producing auxiliary units — housing; dining; transportation and parking; campus health; athletics; and the faculty practice at the school of medicine. Knuffman said these impacts could be as high as $200 million this fiscal year.
https://www.dailytarheel.com/article/2020/12/university-yir-budget
