NU finances looking better than last year - kotanow.com- Scottsbluff Area News, Sports, and Weather

NU finances looking better than last year

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The University of Nebraska saw some money come their way this year.

The university increased its assets through a combo of investments, insurance and cost savings measures.

A State Auditor's report shows the university's unrestricted net assets grew by 10% this year.

The university's partnership with the Nebraska Medical Center generated $7 million for the university this year alone.

The University of Nebraska's insurance balances grew by $17 million, and cash reserves increased by $5 million.

The report shows compensation and benefits for employees went up, while expenses for supplies, materials and utilities went down.

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