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.

 

Budget Comparison

 

Revenues
  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%
Expenditures - Salaries and Benefits
  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%
Other Expenditures
  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%