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 2021 Budget FY 2022 Budget % Change
State Appropriations $215,605,480 $215,605,480 0.00%
Interest 1,444,520 1,474,520 2.08%
Tuition and Fees 462,908,000 464,627,000 0.37%
Reimbursed Indirect Costs 47,877,000 56,140,000 17.26%
Other Income 25,000 25,000 0.00%
Total Revenues $727,860,000 $737,872,000 1.38%
Expenditures - Salaries and Benefits
  FY 2021 Budget FY 2022 Budget % Change
Fac. & Inst. Off. Salaries $267,115,000 $276,695,000 3.59%
Prof. & Scientific Salaries 161,201,000 167,387,000 3.84%
General Services Salaries 45,177,000 41,420,000 -8.32%
Hourly Wages 5,700,000 5,700,000 0.00%
Total Salaries and Benefits $479,193,000 $491,202,000 2.51%
Other Expenditures
  FY 2021 Budget FY 2022 Budget % Change
Supplies and Services $49,872,000 $48,778,000 -2.19%
Library Acquisition 18,188,000 18,334,000 0.80%
Rentals 5,969,000 5,946,000 -0.39%
Utilities 43,100,000 44,260,000 2.69%
Building Repairs 22,630,000 22,379,000 -1.11%
Auditor of State Reimbursement 765,000 765,000 0.00%
Equipment 3,369,000 3,309,000 -1.78%
Student Aid 104,774,000 102,899,000 -1.79%
Total Other Expenditures $248,667,000 $246,670,000 -0.80%
Total Expenditures $727,860,000 $737,872,000 1.38%