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 2023 Budget	FY 2024 Budget	% Change
State Appropriations	$6,540,917	$9,508,090	45.36%
Total Revenues	$6,540,917	$9,508,090	45.36%

Expenditures - Salaries and Benefits

	FY 2023 Budget	FY 2024 Budget	% Change
Fac. & Inst. Off. Salaries	$1,315,948	$3,779,281	187.19%
Prof. & Scientific Salaries	2,457,212	2,993,315	21.82%
General Services Salaries	79,473	0	-100.00%
Hourly Wages	80,006	52,224	-34.72%
Total Salaries and Benefits	$3,932,639	$6,824,820	73.54%

Other Expenditures

	FY 2023 Budget	FY 2024 Budget	% Change
Supplies and Services	$2,212,711	$2,230,318	0.80%
Rentals	78,700	202,000	156.67%
Equipment	3,000	60,000	1900.00%
Student Aid	313,867	190,952	-39.16%
Total Other Expenditures	$2,608,278	$2,683,270	2.88%

Total Expenditures

$6,540,917

$9,508,090

45.36%