Where’s the Money?

Did you know that over the life of the current UPI contract, NEIU has put 60 million dollars into unrestricted reserves?
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Unrestricted Assets for Fiscal Year Ending in June
2009 $5,954,798.00
2010 $21,465,191.00
2011 $41,616,489.00
2012 $44,957,742.00
2013 $65,861,358.00

(Figures from the University’s audit reports.)

Why are we being told this university is in a financial crisis requiring cuts to instruction?