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 2019 Budget FY 2020 Budget % Change
State Appropriations $214,710,793 $218,710,793 1.86%
Interest 1,100,000 1,445,000 31.36%
Tuition and Fees 482,838,675 477,684,807 -1.07%
Reimbursed Indirect Costs 46,333,136 48,109,192 3.83%
Other Income 24,933 25,208 1.10%
Total Revenues $745,007,537 $745,975,000 0.13%
Expenditures - Salaries and Benefits
  FY 2019 Budget FY 2020 Budget % Change
Fac. & Inst. Off. Salaries $273,641,000 $276,781,191 1.15%
Prof. & Scientific Salaries 155,068,000 160,904,188 3.76%
General Services Salaries 58,540,000 55,127,656 -5.83%
Hourly Wages 5,700,000 5,700,000 0.00%
Total Salaries and Benefits $492,949,000 $498,513,035 1.13%
Other Expenditures
  FY 2019 Budget FY 2020 Budget % Change
Supplies and Services $59,849,508 $59,267,464 -.97%
Library Acquisition 19,205,984 19,231,258 0.13%
Rentals 6,900,000 6,900,000 0.00%
Utilities 36,964,426 38,266,426 3.52%
Building Repairs 15,126,230 15,539,337 2.73%
Auditor of State Reimbursement 765,000 765,000 0.00%
Equipment 2,344,500 2,699,500 15.14%
Student Aid 110,902,889 104,792,980 -5.51%
Total Other Expenditures $252,058,537 $247,461,965 -1.82%
Total Expenditures $745,007,537 $745,975,000 0.13%