General Education Fund

Budget Narrative

The Budget Narrative is a written summary of revenue sources and expenditures for the budget year by fund group. The report also includes rationale behind the assumptions made when formulating the budget line items.  The narrative is provided annually to the Board of Regents.

General Educational Fund Summaries

These reports convey additional information about the University of Iowa's General Education Fund, including a presentation of budgeted expenditures by NACUBO (National Association of College and University Business Officers) function and organizational unit.

Application of Revenue Changes and Reallocation by Strategic Initiative

This report presents information about General Fund strategic initiatives and how new incremental revenue and reallocations impacted these initiatives. This report is provided annually to the Board of Regents.

Budget Comparison

Revenues
  FY 2016 Budget FY 2017 Budget % Change
State Appropriations 230,923,005 232,223,005 0.56%
Interest 1,867,995 1,267,995 -32.12%
Tuition and Fees 432,583,000 459,794,000 6.29%
Reimbursed Indirect Costs 39,648,000 42,648,000 7.57%
Other Income 125,000 125,000 0.00%
Total Revenues 705,147,000 736,058,000 4.38%
Expenditures - Salaries and Benefits
  FY 2016 Budget FY 2017 Budget % Change
Fac. & Inst. Off. Salaries 266,400,000 266,700,000 0.35%
Prof. & Scientific Salaries 146,900,000 146,900,000 -1.20%
General Services Salaries 56,600,000 56,600,000 9.69%
Hourly Wages 5,300,000 5,300,000 7.55%
Total Salaries and Benefits 475,500,000 475,500,000 1.06%
Other Expenditures
  FY 2016 Budget FY 2017 Budget % Change
Supplies and Services 44,627,168 60,875,375 36.41%
Library Acquisition 19,336,920 19,287,325 -0.26%
Rentals 4,900,000 5,400,000 10.20%
Utilities 33,875,000 36,328,000 7.24%
Building Repairs 20,917,912 24,000,000 14.73%
Auditor of State Reimbursement 680,000 735,000 8.09%
Equipment 2,400,000 2,267,000 -5.54%
Student Aid 102,910,000 106,601,300 3.59%
Total Other Expenditures 229,647,000 255,494,000 11.26%
Total Expenditures 705,147,0000 736,058,000 4.38%