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.
Budget Comparison
| FY 2022 Budget | FY 2023 Budget | % Change | |
|---|---|---|---|
| State Appropriations | $215,605,480 | $218,045,224 | 1.13% |
| Interest | 1,474,520 | 1,484,000 | 0.64% |
| Tuition and Fees | 464,627,000 | 484,762,077 | 4.33% |
| Reimbursed Indirect Costs | 56,140,000 | 64,633,932 | 15.13% |
| Other Income | 25,000 | 6,000 | -76.00% |
| Total Revenues | $737,872,000 | $768,931,233 | 4.21% |
| FY 2022 Budget | FY 2023 Budget | % Change | |
|---|---|---|---|
| Fac. & Inst. Off. Salaries | $267,695,000 | $288,793,123 | 4.37% |
| Prof. & Scientific Salaries | 167,387,000 | 171,415,109 | 2.41% |
| General Services Salaries | 41,420,000 | 39,413,316 | -4.84% |
| Hourly Wages | 5,700,000 | 5,700,000 | 0.00% |
| Total Salaries and Benefits | $491,202,000 | $505,321,548 | 2.87% |
| FY 2022 Budget | FY 2023 Budget | % Change | |
|---|---|---|---|
| Supplies and Services | $48,778,000 | $52,966,251 | 8.59% |
| Library Acquisition | 18,334,000 | 18,333,747 | 0.00% |
| Rentals | 5,946,000 | 6,283,298 | 5.67% |
| Utilities | 44,260,000 | 46,040,398 | 4.02% |
| Building Repairs | 22,379,000 | 25,378,733 | 13.40% |
| Auditor of State Reimbursement | 765,000 | 765,000 | 0.00% |
| Equipment | 3,309,000 | 4,672,836 | 41.22% |
| Student Aid | 102,899,000 | 109,169,422 | 6.09% |
| Total Other Expenditures | $246,670,000 | $263,609,685 | 6.87% |
| Total Expenditures | $737,872,000 | $768,931,233 | 4.21% |