Restricted Funds

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.

Budget Comparison

Revenues
  FY 2018 Budget FY 2019 Budget % Change
State Appropriations      
  Other (Capital) 22,800,000 5,500,000 -75.88%
  Other (Innovation) 1,050,000 1,050,000 0.00%
  Other (Resource Ctrs.) 278,848 272,161 -2.4%
  Other (Ia Geological Survey) 0 695,000 100.00%
  Other (Tuition Replacement) 13,952,170 15,479,959 10.95%
Federal Support 242,765,000 227,616,000 -6.24%
Intra State Receipts 212,517,482 187,818,880 -11.62%
Interest 31,747,000 24,384,000 -23.19%
Bonds & Loans 127,500,000 144,300,000 13.18%
Tuition and Fees 67,899,000 73,740,000 8.60%
Reimbursed Indirect Costs 23,981,000 4,490,000 2.12%
Sales and Services 859,546,000 843,371,000 1.67%
Other Income 202,951,000 203,279,000 0.16%
Total Revenues 1,776,987,500 1,751,996,000 -1.41%
Expenditures - Salaries and Benefits
  FY 2018 Budget FY 2019 Budget % Change
Fac. & Inst. Off. Salaries 375,714,500 388,512,000 3.41%
Prof. & Scientific Salaries 296,959,000 318,988,000 7.42%
General Services Salaries 55,054,000 55,519,000 0.84%
Hourly Wages 31,827,000 32,186,000 1.13%
Total Salaries and Benefits 759,554,500 795,205,000 4.69%
Other Expenditures
  FY 2018 Budget FY 2019 Budget % Change
Supplies and Services 436,060,000 442,557,000 1.49%
Library Acquisition 82,000 176,000 114.63%
Rentals 11,830,000 9,911,000 -16.22%
Utilities 14,061,000 13,091,000 -6.90%
Building Repairs 10,784,000 10,839,000 0.51%
Equipment 65,282,000 58,447,000 -10.47%
Student Aid 71,990,000 74,767,000 3.86%
Debt Service 107,239,000 126,875,000 18.31%
Plant Capital 300,105,000 220,128,000 -26.65%
Total Other Expenditures 1,017,433,000 956,791,000 -5.96%
Total Expenditures 1,776,987,500 1,751,996,000 -1.41%