Investor Relations Dashboard

AFS
$1,030m

The Auxiliary Facilities System (AFS) includes Housing, Parking, Recreation, Athletic and Student Services Facilities.

COPS
$50.4m

Certificates of Participation (COPS) include Utility Infrastructure, Information Technology and Academic Facilities projects.

ESCO
$21m

Energy Service Contracts (ESCO) includes the UIUC Veterinary Medicine Facility and the UIC Science and Engineering Building.

HSFS
$93.4m

The Health Services Facilities System (HSFS) includes the University of Illinois Hospital and associated clinical facilities.

UICSC
$0.8m

The UIC South Campus Development (UISCS) is the land acquisition and infrastructure for the South Campus in Chicago.

P3
$266m

 Public-Private Partnerships (P3) allow for capital project delivery with external development partners.

Note: This section displays a visual of interactive data. Select the download data link for the campus report card that follows which enables users to download a file for an alternative textual representation of the visual data.

Debt Information

Click each debt silo below to explore more about outstanding balances, data detail, ratings and pledge of repayment across each of our debt Silos.

Auxiliary Facilities System (AFS)

  • $1.030 billion outstanding 6/30/2022, $90.8m estimated FY23 debt service
  • Credit Ratings (Moody's/S&P): Aa3 / A+
  • Auxiliary Facility System Revenue Bonds have a payment pledge on the following revenue streams: the net revenues of the Auxiliary Facilities System, student tuition and fees, and the Bond and Interest Sinking Fund.
  • For Fiscal Year 2021, the Auxiliary Facilities System had total operating revenues of $252 million, and the University of Illinois System had over $1.23 billion in student tuition and fee revenue

Certificates of Participation (COPS)

  • $50.36 million outstanding at 6/30/2022, $12m estimated FY23 debt service
  • Credit Ratings (Moody's/S&P): Aa3 / A+
  • Certificates of Participation are payable from state appropriations and legally available University funds (primarily tuition and fees, not to exceed debt service and subject to a prior pledge). The security for each issue of COPs is the underlying physical project.
  • The University of Illinois System had $1.23 billion in student tuition and fee revenue for Fiscal Year 2021

Energy Service Contract (ESCO)

  • $20.86 million outstanding at 6/30/2022, $4.215 m estimated FY23 debt service
  • ESCO's are contracts which finance energy conservation measures to existing University Facilities.

Health Services Facilities System (HSFS)

  • $93.44 million outstanding at 6/30/2022, $9m estimated FY23 debt service
  • Credit Ratings (Moody's/S&P): A3 / A-
  • The bonds are payable from and secured by a pledge of and lien on monies in the Bond and Interest Sinking Fund Account. The Bonds and Additional Parity Debt (as hereinafter defined) issued under the Bond Resolution are payable from and secured by a pledge of and lien on monies, as the following sources: (i) the net revenues of the System, (ii) Medical Service Plan (MSP) revenues in an amount not to exceed in any fiscal year the amount of scheduled debt service payments on the bonds and any mandatory transfers as described in the bond resolution for such fiscal year, and (iii) College of Medicine tuition in an amount not to exceed in any Fiscal Year the amount of scheduled debt service payments on the bonds and any mandatory transfers as described in the bond resolution for such fiscal year, subject to the prior pledge in favor of the Prior Pledge Bonds.

UIC South Campus (UICSC)

  • $0.7 million outstanding at 6/30/2022, $0.8m estimated FY23 debt service
  • Credit Ratings (Moody's/S&P): A1 / A+
  • The South Campus development bonds were issued to fund land acquisition and development of the newly formed Roosevelt/Union TIF district. The project, which began in 1999 under agreements between the University of Illinois Chicago and City of Chicago, purchased and developed land directly to the south east of the Chicago campus. At the time of issuance, the 58 acre area was characterized by numerous dilapidated, deteriorated and obsolete buildings and vacant lots. The development projected funded by these bonds has seen tremendous success and benefits many residents and students with vibrant businesses and residences.
  • The South Campus Bonds are payable from and secured by a pledge of and lien on: (i) revenues of the Project derived from incremental taxes paid to the Board pursuant to the TIF ordinance applicable to the area, the Redevelopment Agreement and the City Note; and (ii) student tuition and fees, subject to a prior pledge of student tuition and fees to certain outstanding indebtedness of the Board. The sources of funds described in (i) and (ii) are referred to as “pledged revenues.” No liens upon any physical properties of the Board are granted by the bond resolution.
  • Additional information regarding the Roosevelt/Union TIF may be found on the district's website maintained by the Planning and Development Department of the City of Chicago. City of Chicago Roosevelt/Union TIF.

Public-Private Partnerships (P3)

Public Private Partnerships are a financing mechanism which afford the University the opportunity of leveraging the expertise of external developers and financing teams to deliver capital projects. As of date, the University has entered into three separate P3s to deliver the projects listed below and financed with bonds issued by the the Illinois Finance Authority (IFA).

  • IFA CHF-Chicago Series 2017AB - $94.86 million debt issuance on 12/19/2017 to finance the construction of the Academic and Residential Commons (ARC) facility at UIC. The ARC hosts 54,000 square feet of innovative instructional and learning space leased by the University while also providing a 548 bed residence hall marketed to UIC students managed by American Campus Communities. The housing bonds are secured by room and board revenue of the facility and respective debt service and principal of the housing bonds are omitted from tables presented above. At 6/30/2022, $29.22 million in principal was outstanding for the academic wing and $63.115 million in principal was outstanding for the housing wing of the facility.
  • IFA Provident UIUC 2019 - $71.525 million of IFA bonds issued on 5/30/2019 to finance the construction of the Campus Instructional Facility and Feed Technology Center at UIUC. The Campus Instructional Facility provides an over 122,000 square feet of innovative and collaborative learning space, including a large 500 seat lecture hall. The Feed Technology Center replaces prior facilities used for research and supplies for the University’s college of ACES which were almost a century old, and provides cutting edge technology and equipment. At 6/30/2022, $71.525 million of principal was outstanding on the projects.
  • IFA Provident Surgery 20202 - $149.845 million of IFA bonds issued on 8/26/2020 to finance the construction of an outpatient surgery center for the University of Illinois Hospital in Chicago. This new surgical center, totaling 200,000 square feet, is constructed and connected to the University of Illinois Hospital and provides state of the art facilities to support the hospitals operations and care delivery. At 6/30/2022, $149.845 million of principal was outstanding on the project.

Last reviewed: October 5, 2022