cuts by implementing a hiring freeze, ending some faculty perks, such as free seminars, cutting executive pay, and wise management of funds. To help counter the budget decreases, the university received $18 million in funds from the American Recovery and Reinvestment Act. UCF's operating budget for the 2014–15 fiscal year is $1.5 billion, a 13.9% increase from the previous year. UCF's financial endowment, administered by the University of Central Florida Foundation, Inc., was valued at $162 million in 2020.
== Academics ==
=== Admissions ===
UCF's admission rate for first-time-in-college freshmen has declined from 61% of prospective students admitted in the fall of 2005, to 42% for fall 2020.
34% of accepted applicants were in the top ten percent of their graduating class, while 72% of accepted applicants were in the top quarter of their high school class rankings. Freshmen enrolled in fall 2020 posted average SAT scores of 1320, ACT scores of 28.7 and average high school weighted GPAs of 4.18. UCF is in …
