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 2021 Budget FY 2022 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) 15,077,151 15,132,740 0.37%
Federal Support 248,648,000 335,421,000 34.90%
Intra State Receipts 44,325,552 86,876,143 96.00%
Interest 35,175,000 36,063,000 2.52%
Bonds & Loans 150,000,000 80,000,000 -46.67%
Tuition and Fees 70,502,000 70,769,000 0.38%
Reimbursed Indirect Costs 25,875,000 23,695,000 -8.43%
Sales and Services 902,357,000 877,783,000 -2.72%
Other Income 199,701,000 200,807,000 0.55%
Total Revenues 1,693,674,000 1,728,560,180 2.06%
Expenditures - Salaries and Benefits
  FY 2021 Budget FY 2022 Budget % Change
Fac. & Inst. Off. Salaries 410,696,000 409,270,000 -0.35%
Prof. & Scientific Salaries 342,190,000 363,552,000 6.24%
General Services Salaries 51,646,000 48,636,000 -5.83%
Hourly Wages 29,061,000 29,428,000 1.26%
Total Salaries and Benefits 833,593,000 850,886,000 2.07%
Other Expenditures
  FY 2021 Budget FY 2022 Budget % Change
Supplies and Services 467,968,000 441,707,000 -5.61%
Library Acquisition 107,000 139,000 29.91%
Rentals 10,182,000 10,323,000 1.38%
Utilities 12,996,000 12,443,000 -4.26%
Building Repairs 10,181,000 14,395,000 41.39%
Equipment 62,189,000 59,810,000 -3.83%
Student Aid 78,556,000 113,529,000 44.52%
Debt Service 96,902,000 94,358,180 -2.63%
Plant Capital 121,000,000 130,970,000 8.24%
Total Other Expenditures 860,081,000 877,674,180 2.05%
Total Expenditures 1,693,674,000 1,728,560,180 2.06%