Restricted Funds Budget Narrative

The FY 2022 Restricted Fund budget is based upon revenue and expenditure projections for each of the funds.  The Restricted Fund includes the Organized Activities Fund, the Auxiliary Enterprise Fund, the Current Restricted Fund and the Plant Fund and involves virtually every department on campus in revenue and expenditure planning.  Revenues are derived from federal and non-federal support for sponsored programs, sales and services, reimbursed indirect costs, tuition and fees, bond proceeds, transfers from current unrestricted funds, and appropriations.  The expenditure plan provides for salary adjustments, meets certain non-discretionary cost increases, reflects the University’s best efforts at planning to meet its most critical needs, and provides essential services within the limits of available resources.

The Organized Activities Fund includes Medicine and Dentistry Practice Plan funds, sports camp activities, Conferences and Institute and mandatory fees (partial).  It also includes various tuition and program specific fees, publications, and workshops related to academic departments. 

The Auxiliary Enterprise Fund includes Intercollegiate Athletics, University Residence System, Iowa Memorial Union operations, Student Health, Recreational Services, Hancher Auditorium, Parking and Transportation, Cambus, and various smaller enterprises serving faculty, staff, students and the public.

The Current Restricted Fund includes sponsored activities, predominately research and student financial aid funded from federal and non-federal sources. 


There are no new capital appropriations for the University of Iowa for the budget year FY2022.

Tuition Replacement

The budget contains $15.1 million for Tuition Replacement which has been appropriated to address the FY 2022 debt service on Academic Building Revenue Bond issues.

Innovation Fund

The University of Iowa received a recurring allocation of $1.05 million from the Skilled Worker and Job Creation Fund for the development of technology commercialization, marketing and business development efforts in areas related to technology commercialization, entrepreneurship, and business growth. 

The University will leverage these funds from the Innovation Fund with matching funds dollar for dollar to:

  1. To support the development of innovations with commercial potential, with the result that more University of Iowa technology reaches the marketplace.
  2. Build effective partnerships for economic development between the private sector and the University of Iowa.
  3. To provide dry-lab and wet-lab space for researchers, and biomedical and electronics prototyping facilities for medical device and startup development.
  4. To increase the effectiveness of University of Iowa resources in aiding existing state and regional economic development initiatives..
  5. To facilitate the economic development of two specific clusters identified by TEConomy on behalf of the state: Ed tech and Med device.

Iowa Regents Resource Centers

The FY 2022 budget includes approximately $0.3 million for the Iowa Regents Resource Centers.  These Centers serve the educational needs of students in western Iowa and the Quad-Cities.  The Centers are part of the Regent Enterprise and include the University of Iowa, Iowa State University, and the University of Northern Iowa.

Iowa Geological Survey

A recurring allocation for the Iowa Geological Survey of $695,000.  Funding from the Environment First Fund will be used for operations and water resource management and will help provide Iowans with the knowledge to manage effectively natural resources for long-term sustainability and economic development.  The appropriation, along with additional grant funding from other sponsors, will provide support for staff, researchers, and students who dedicate their time to the mission and work of the Iowa Geological Survey. 

HEERF Stimulus Funding

In FY2022, the University is expecting to receive $42.4 million of HEERF III ARP funds.  $20 million is for institutional support and $22.4 million is for student financial aid.  The institutional support portion will be used to offset lost revenues and other costs incurred by the institution, not previously funded by FEMA or other federal stimulus funds, while remaining in compliance with Department of Education regulations.

Strategic Initiatives Fund

The University has received approval from the Board of Regents, State of Iowa, to enter into a 50-year partnership for management and operations of its utility system with ENGIE North America and Meridiam. The UI is one of the first universities in the country to engage in a utility public-private partnership (P3).  This partnership will allow the university to invest up to $15 million per fiscal year via grants dedicated to supporting the UI’s strategic plan and core missions of teaching, research, and scholarship. The UISIF Board approved funding of $12.13 million in strategic initiatives that will be incurred over the next three years.  Each approved project will be expended over a two or three-year time-period.  The FY 2022 budget projects $4.56 million of the authorized $12.13 million will be expended on the following initiatives:

Examining and Tailoring Academic Policies to Enhance Undergraduate Student Success and Equity

This project examines the impact of academic probation and course placement at the University of Iowa, with the ultimate goal of tailoring academic policies and practices to promote overall student success and to foster equity in student outcomes.  $57,468

Equity in Health Science and Practice

This project is a collaborative, cross-campus, and community-engaged program initiated within the University of Iowa Carver College of Medicine and College of Public Health that will engage faculty, staff, students, and community partners in the conduct of rigorous health equity research and the translation of research findings into community-based interventions.  $166,029

Extending Iowa’s Success in Space-Based Research Across Campus

This project will create an interdisciplinary research enterprise that will enable departments across the University to successfully compete for NASA funding for space missions and instruments in a broad range of fields.  $1,105,446

Seeding Excellence: Strengthening the University as a Destination for Research and Scholarship

This project will provide competitive pilot funding in a number of different areas that will strategically advance the University’s priorities to seed research and discovery excellence that contributes to the University being a destination University which recruits and retains the world’s best faculty and students.  $2,000,000

The Iowa Health Data Resource:  Building the Future of Health Informatics at the University of Iowa

This project aims to improve how the UI research community accesses and utilizes our health science data that include electronic health records (EHRs), payer claims, clinical trials, genomic analyses, and environmental sources.  $728,053

Closing the Gap:  Experiential Education for All Undergraduates at Iowa

This project assesses curricular gaps, participation, and barriers to Experiential Education. This baseline

assessment will strategically direct course development, communications, and funding so all students receive preparation to explore careers and participate in Experiential Education.  $200,000

A Campus-wide Learning@Iowa Framework to Increase Students’ Academic Success

This project will develop and implement the Learning@Iowa framework to transform the culture of learning at the University of Iowa by helping students learn how to learn. Learning@Iowa will weave throughout campus empirically proven learning methods from cognitive science.  $300,000

Bond Sales/Master Lease/Debt Service

The Bonds and Loans line includes the following potential bond sales for FY 2022 subject to the refinement of schedules and final approval by the Board:

Bond Financings:
  • UI Hospitals and Clinics           $ 80 million

FY 2022 projected debt service on existing issues is $91.9 million for bonds, $ .5 million for existing notes payable, and $ 1.9 million for existing capital lease payable.

Breakdown of Other Income

Other income includes non-federal gifts, grants and contracts of $170.5 million, commissions and royalties of $5.6 million, parking and other fines of $1.1 million, and Other Miscellaneous Revenue of $23.9 million.