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 2018 Budget FY 2019 Budget % Change
State Appropriations $216,759,067 $214,710,793 -0.94%
Interest 1,100,000 1,100,000 -0.00%
Tuition and Fees 477,361,000 482,838,675 1.15%
Reimbursed Indirect Costs 44,467,000 46,333,136 4.20%
Other Income 24,933 24,933 -0.00%
Total Revenues $739,712,000 $745,007,537 0.72%
Expenditures - Salaries and Benefits
  FY 2018 Budget FY 2019 Budget % Change
Fac. & Inst. Off. Salaries $275,562,000 $273,641,000 -0.70%
Prof. & Scientific Salaries 149,778,000 155,068,000 3.53%
General Services Salaries 61,792,000 58,540,000 -5.26%
Hourly Wages 5,700,000 5,700,000 0.00%
Total Salaries and Benefits $492,832,000 $492,949,000 0.02%
Other Expenditures
  FY 2018 Budget FY 2019 Budget % Change
Supplies and Services $56,901,675 $59,849,508 5.18%
Library Acquisition 19,287,325 19,205,984 -0.42%
Rentals 5,900,000 6,900,000 16.95%
Utilities 37,088,000 36,964,426 -0.33%
Building Repairs 13,232,000 15,126,230 14.32%
Auditor of State Reimbursement 765,000 765,000 0.00%
Equipment 2,267,000 2,344,500 3.42%
Student Aid 111,439,000 110,902,889 -0.48%
Total Other Expenditures $246,880,000 $252,058,537 2.10%
Total Expenditures $739,712,000 $745,007,537 0.72%