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.
Budget Comparison
Revenues
| |
FY 2022 Budget |
FY 2023 Budget |
% Change |
|---|
| State Appropriations |
|
|
|
| Other (Innovation) |
1,050,000 |
1,050,000 |
0.00% |
| Other (Resource Ctrs.) |
268,297 |
268,297 |
0.00% |
| Other (Ia Geological Survey) |
695,000 |
695,000 |
0.00% |
| Other (Tuition Replacement) |
15,132,740 |
15,009,882 |
-0.81% |
| Federal Support |
335,421,000 |
309,567,615 |
-7.71% |
| Intra State Receipts |
86,876,143 |
181,449,781 |
108.86% |
| Interest |
36,063,000 |
37,791,433 |
4.79% |
| Bonds & Loans |
80,000,000 |
50,000,000 |
-37.50% |
| Tuition and Fees |
70,769,000 |
77,865,220 |
10.03% |
| Reimbursed Indirect Costs |
23,695,000 |
28,333,536 |
19.58% |
| Sales and Services |
877,783,000 |
1,035,748,994 |
18.00% |
| Other Income |
200,807,000 |
214,646,184 |
6.89% |
| Total Revenues |
1,728,560,180 |
1,952,425,942 |
12.95% |
Expenditures - Salaries and Benefits
| |
FY 2022 Budget |
FY 2023 Budget |
% Change |
|---|
| Fac. & Inst. Off. Salaries |
409,270,000 |
428,777,383 |
4.77% |
| Prof. & Scientific Salaries |
363,552,000 |
404,165,103 |
11.17% |
| General Services Salaries |
48,636,000 |
51,951,567 |
6.82% |
| Hourly Wages |
29,428,000 |
28,739,031 |
-2.34% |
| Total Salaries and Benefits |
850,886,000 |
913,633,084 |
7.37% |
Other Expenditures
| |
FY 2022 Budget |
FY 2023 Budget |
% Change |
|---|
| Supplies and Services |
441,707,000 |
600,551,020 |
35.96% |
| Library Acquisition |
139,000 |
118,000 |
-15.11% |
| Rentals |
10,323,000 |
7,582,384 |
-26.55% |
| Utilities |
12,443,000 |
13,173,953 |
5.87% |
| Building Repairs |
14,395,000 |
10,557,973 |
-26.66% |
| Equipment |
59,810,000 |
80,363,379 |
34.36% |
| Student Aid |
113,529,000 |
99,949,743 |
-11.96% |
| Debt Service |
94,358,180 |
102,888,316 |
9.04% |
| Plant Capital |
130,970,000 |
123,608,090 |
-5.62% |
| Total Other Expenditures |
877,674,180 |
1,038,792,858 |
18.36% |
| Total Expenditures |
1,728,560,180 |
1,952,425,942 |
12.95% |
