VPFA Jamie Moffitt has noted that UO’s operating reserves are about $60M, for a general fund budget of about $650M. After it’s gone, it’s not clear how UO will meet payroll.
Meanwhile the Ducks are sitting on $63M in their “Legacy Fund”, for an annual budget of about $125M. This was set up at the insistence of the Legislature to ensure that they had enough money to pay off the $230M in Arena bonds. (The academic budget pays about $450K a year to help them out). Phil Knight has donated about $145M to this so far, and the Ducks have used it as a slush fund, raiding it whenever they want more money to pay themselves higher salaries or bigger bonuses.
The most recent report is here, and the gist is below: