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 2020 Budget FY 2021 Budget % Change
State Appropriations      
  Other (Innovation) 1,050,000 1,050,000 0.00%
  Other (Resource Ctrs.) 272,161 268,297 -1.42%
  Other (Ia Geological Survey) 695,000 695,000 0.00%
  Other (Tuition Replacement) 15,069,567 15,077,151 0.05%
Federal Support 238,750,000 248,648,000 4.15%
Intra State Receipts 206,600,272 44,325,552 -78.55%
Interest 33,866,000 35,175,000 3.87%
Bonds & Loans 28,400,000 150,000,000 428.17%
Tuition and Fees 73,388,000 70,502,000 -3.93%
Reimbursed Indirect Costs 25,362,000 25,875,000 2.02%
Sales and Services 912,311,000 902,357,000 -1.09%
Other Income 205,990,000 199,701,000 -3.05%
Total Revenues 1,741,754,000 1,693,674,000 -2.76%
Expenditures - Salaries and Benefits
  FY 2020 Budget FY 2021 Budget % Change
Fac. & Inst. Off. Salaries 407,515,000 410,696,000 0.78%
Prof. & Scientific Salaries 326,437,000 342,190,000 4.83%
General Services Salaries 54,515,000 51,646,000 -5.26%
Hourly Wages 31,231,000 29,061,000 -6.95%
Total Salaries and Benefits 819,698,000 833,593,000 1.70%
Other Expenditures
  FY 2020 Budget FY 2021 Budget % Change
Supplies and Services 450,584,000 467,968,000 3.86%
Library Acquisition 110,000 107,000 -2.73%
Rentals 9,844,000 10,182,000 3.43%
Utilities 13,774,000 12,996,000 -5.65%
Building Repairs 10,806,000 10,181,000 -5.78%
Equipment 56,594,000 62,189,000 9.89%
Student Aid 77,003,000 78,556,000 2.02%
Debt Service 124,341,000 96,902,000 -22.07%
Plant Capital 179,000,000 121,000,000 -32.40%
Total Other Expenditures 922,056,000 860,081,000 -6.72%
Total Expenditures 1,741,754,000 1,693,674,000 -2.76%