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 2020 Budget FY 2021 Budget % Change
State Appropriations $218,710,793 $215,605,480 -1.42%
Interest 1,445,000 1,444,520 -0.03%
Tuition and Fees 477,684,807 462,908,000 -3.09%
Reimbursed Indirect Costs 48,109,192 47,877,000 -0.48%
Other Income 25,208 25,000 -0.83%
Total Revenues $745,975,000 $727,860,000 -2.43%
Expenditures - Salaries and Benefits
  FY 2020 Budget FY 2021 Budget % Change
Fac. & Inst. Off. Salaries $276,781,191 $267,115,000 -3.49%
Prof. & Scientific Salaries 160,904,188 161,201,000 0.18%
General Services Salaries 55,127,656 45,177,000 -18.05%
Hourly Wages 5,700,000 5,700,000 0.00%
Total Salaries and Benefits $498,513,035 $479,193,000 -3.88%
Other Expenditures
  FY 2020 Budget FY 2021 Budget % Change
Supplies and Services $59,267,464 $49,872,000 -15.85%
Library Acquisition 19,231,258 18,188,000 -5.42%
Rentals 6,900,000 5,969,000 -13.49%
Utilities 38,266,426 43,100,000 12.63%
Building Repairs 15,539,337 22,630,000 45.63%
Auditor of State Reimbursement 765,000 765,000 0.00%
Equipment 2,699,500 3,369,000 24.78%
Student Aid 104,792,980 104,774,000 -0.02%
Total Other Expenditures $247,461,965 $248,667,000 0.49%
Total Expenditures $745,975,000 $727,860,000 -2.43%