Ask the Administration Leadership Team
The pandemic has had a profound impact on our personal lives and professional activities. As public health orders continue to restrict on-campus activities and require remote working, teaching, and learning, UCLA faces both decreased revenues and increased expenses, which raises the question:
"How significantly have reduced campus operations impacted UCLA Administration's budget and how will those lost revenues be mitigated?"
UCLA Administration is not immune to the severe operational disruption and financial damage resulting from the essential and immediate response to COVID-19. For the fiscal year 2019-20, Administration’s operating revenues were $762 million compared to an $846 million budget, an $84 million loss. The most severely impacted area was Housing & Hospitality with budgeted 2019-20 revenues of $380 million and only $287 million in realized revenue, a $93 million loss. Looking ahead, Housing & Hospitality is anticipating revenues to come up short by as much as $262 million as a result of minimal on-campus housing allowed and the continuation of a stalled conference industry. Housing revenue losses will be partially mitigated with the infusion of a $125 million loan and an $18 million CARES Act grant. While housing is experiencing the most substantial revenue impact within Administration, all departments are experiencing financial challenges at this time.
To this end, UCLA Administration will overcome this challenge and make the organization stronger, more resilient, and better positioned to realize our vision to be the leader among higher education organizations by delivering innovative, high-value programs and services.
Executive Director, Finance and Organizational Services