How the university got a projected $29.7 million deficit for fiscal year 2023 down to zero in just seven months does involve some budget cuts to trim expenses. But more than anything it reflects a fundamental change in the way the university is presenting its budget forecasts. The biggest change is in how the forecasts treat use of money the university has saved in its reserves. Think of reserves as a savings account, said Kayla Righter, the university’s associate director for budget planning and analysis.
