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 2019 Budget FY 2020 Budget % Change
State Appropriations      
  Other (Capital) 5,500,000 0 -100.00%
  Other (Innovation) 1,050,000 1,050,000 0.00%
  Other (Resource Ctrs.) 272,161 272,161 0.00%
  Other (Ia Geological Survey) 695,000 695,000 0.00%
  Other (Tuition Replacement) 15,479,9590 15,069,567 -2.65%
Federal Support 227,616,000 238,750,000 4.89%
Intra State Receipts 187,818,880 206,600,272 10.00%
Interest 24,384,000 33,866,000 38.89%
Bonds & Loans 144,300,000 28,400,000 -80.32%
Tuition and Fees 73,740,000 73,388,000 -0.48%
Reimbursed Indirect Costs 24,490,000 25,362,000 3.56%
Sales and Services 843,371,000 912,311,000 8.17%
Other Income 203,279,000 205,990,000 1.33%
Total Revenues 1,751,996,000 1,741,754,000 -0.58%
Expenditures - Salaries and Benefits
  FY 2019 Budget FY 2020 Budget % Change
Fac. & Inst. Off. Salaries 388,512,000 407,515,000 4.89%
Prof. & Scientific Salaries 318,988,000 326,437,000 2.34%
General Services Salaries 55,519,000 54,515,000 -1.81%
Hourly Wages 32,186,000 31,231,000 -2.97%
Total Salaries and Benefits 795,205,000 819,698,000 3.08%
Other Expenditures
  FY 2019 Budget FY 2020 Budget % Change
Supplies and Services 442,557,000 450,584,000 1.81%
Library Acquisition 176,000 110,000 -37.50%
Rentals 9,911,000 9,844,000 -0.68%
Utilities 13,091,000 13,774,000 5.22%
Building Repairs 10,839,000 10,806,000 -0.30%
Equipment 58,447,000 56,594,000 -3.17%
Student Aid 74,767,000 77,003,000 2.99%
Debt Service 126,875,000 124,341,000 -2.00%
Plant Capital 220,128,000 179,000,000 -18.68%
Total Other Expenditures 956,791,000 922,056,000 -3.63%
Total Expenditures 1,751,996,000 1,741,754,000 -0.58%