University of Nebraska Expands Its Assets

By: Associated Press
By: Associated Press

The University of Nebraska increased its assets this year through a combination of investments, insurance and cost-savings measures, according to a new state report.

A state auditor's report shows that the university's unrestricted net assets grew by 10 percent this year, to $902 million.

The report says the university's partnership with the Nebraska Medical Center generated $7 million for the university this year. The university's insurance balances for property, general liability and group health insurance also grew by $17 million.

The university's cash reserves increased by $5 million, due largely to cost-saving measures. The report shows that compensation and benefits for employees increased by 2 percent, while expenses for supplies, materials and utilities decreased.

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