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 2017 Budget FY 2018 Budget % Change
State Appropriations $232,223,005 $216,759,067 -6.66%
Interest 1,267,995 1,100,000 -13.25%
Tuition and Fees 459,794,000 477,361,000 3.82%
Reimbursed Indirect Costs 42,648,000 44,467,000 4.27%
Other Income 125,000 24,933 -80.05%
Total Revenues $736,058,000 $739,712,000 0.50%
Expenditures - Salaries and Benefits
  FY 2017 Budget FY 2018 Budget % Change
Fac. & Inst. Off. Salaries $267,640,000 $275,562,000 2.96%
Prof. & Scientific Salaries 145,138,000 149,778,000 3.20%
General Services Salaries 62,086,000 61,792,000 -0.47%
Hourly Wages 5,700,000 5,700,000 0.00%
Total Salaries and Benefits $480,564,000 $492,832,000 2.55%
Other Expenditures
  FY 2017 Budget FY 2018 Budget % Change
Supplies and Services $60,875,375 $56,901,675 -6.53%
Library Acquisition 19,287,325 19,287,325 0.00%
Rentals 5,400,000 5,900,000 9.26%
Utilities 36,328,000 37,088,000 2.09%
Building Repairs 24,000,000 13,232,000 -44.87%
Auditor of State Reimbursement 735,000 765,000 4.08%
Equipment 2,267,000 2,267,000 0.00%
Student Aid 106,601,300 111,439,000 4.54%
Total Other Expenditures $255,494,000 $246,880,000 -3.37%
Total Expenditures $736,058,000 $739,712,000 0.50%