Home > Finance > U of L Foundation approves its first line-item budget
By Kyeland Jackson —
The University of Louisville Foundation approved its first line-item budget Tuesday, a common financial practice unseen in former president James Ramsey’s tenure.
The line-item budget, a move towards transparency, details what assets and liabilities influence ULF’s spending. Foundation Chair Diane Medley said ULF’s history of not using line-item budgets was “incredibly unusual.”
“I think the way the foundation’s been run in the past, though, it was a lack of accountability – it was a lack of planning.