The university’s vice president for finance and administration and chief financial officer, Ashok K. Roy, presented the 2014 financial report to the regents.
He said fiscal 2014 was a good year of financial stability, research strength and academic progress for the UA system.
He reported a small increase in operating costs from fiscal 2013, which he characterized as a significant accomplishment for the university given rising fixed costs and an
ambitious agenda.
The university’s college savings program is now valued at $6.5 billion.
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