University of Iowa Hospitals and Clinics

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 $643,641 $634,502 -1.42%
Supplemental Appropriations 0 0 0.00%
Interest 12,607,383 11,204,897 -11.12%
Reimbursed Indirect Costs 5,000,000 4,981,916 -0.36%
Sales and Services 1,702,854,464 1,813,977,450 6.53%
Other Income 1,609,959 1,137,033 -29.38%
Total Revenues $1,722,715,447 $1,831,935,798 6.34%
Expenditures - Salaries and Benefits
  FY 2020 Budget FY 2021 Budget % Change
Fac. & Inst. Off. Salaries $89,523,602 $89,016,100 -0.57%
Prof. & Scientific Salaries 665,531,710 656,102,492 -1.42%
General Services Salaries 199,076,735 202,490,413 1.71%
Hourly Wages 8,010,396 8,762,459 9.39%
Total Salaries and Benefits $962,142,443 $956,371,464 -0.60%
Other Expenditures
  FY 2020 Budget FY 2021 Budget % Change
Supplies and Services $706,416,655 $818,372,166 15.85%
Rentals 15,579,042 17,676,329 13.46%
Utilities 36,666,155 37,565,134 2.45%
Building Repairs 1,911,152 1,950,705 2.07%
Total Other Expenditures $760,573,004 $875,564,334 15.12%
Total Expenditures $1,722,715,447 $1,831,935,798 6.34%