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.

• Primary Care Initiative [1]
• State of Iowa Cancer Registry [2]
• Iowa Consortium for Substance Abuse Research and Evaluation [3]
• Center for Biocatalysis and Bioprocessing [4]
• Iowa Registry for Congenital and Inherited Disorders [5]
• Center for Advanced Drug Development [6]
• University of Iowa Research Park and Bioventures Center [7]
• Biosciences Innovation [8]
• Iowa Flood Center [9]
• Larned A. Waterman Iowa Nonprofit Resource Center [10]
• Iowa Online Advanced Placement Academy [11]
• Entrepreneurship and Economic Growth Initiative [12]
• Iowa's Center for Agricultural Safety and Health [13]
• John Pappajohn Entrepreneurial Center [14]
• College of Nursing [15]

Budget Comparison (total Special Purpose)

Revenues

	FY 2024 Budget	FY 2025 Budget	% Change
State Appropriations	$9,508,090	$9,559,090	0.54%
Total Revenues	$9,508,090	$9,559,090	0.54%

Expenditures - Salaries and Benefits

	FY 2024 Budget	FY 2025 Budget	% Change
Fac. & Inst. Off. Salaries	$3,779,281	$3,416,124	-9.61%
Prof. & Scientific Salaries	2,993,315	3,457,934	15.52%
Hourly Wages	52,224	155,693	198.13%
Total Salaries and Benefits	$6,824,820	$7,029,751	3.00%

Other Expenditures

	FY 2024 Budget	FY 2025 Budget	% Change
Supplies and Services	$2,230,318	$1,902,273	-14.71%
Rentals	202,000	46,454	-77.00%
Equipment	60,000	0	-100.00%
Student Aid	190,952	580,612	204.06%
Total Other Expenditures	$2,683,270	$2,529,339	-5.74%

Total Expenditures

$9,508,090

$9,559,090

0.54%