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 2021 Budget FY 2022 Budget % Change
State Appropriations $634,502 $634,502 0.00%
Supplemental Appropriations 0 0 0.00%
Interest 11,204,897 25,184,531 124.76%
Reimbursed Indirect Costs 4,981,916 4,994,628 0.26%
Sales and Services 1,813,977,450 1,931,339,801 6.47%
Other Income 1,137,033 1,096,704 -3.55%
Total Revenues $1,831,935,798 $1,963,250,166 7.17%
Expenditures - Salaries and Benefits
  FY 2021 Budget FY 2022 Budget % Change
Fac. & Inst. Off. Salaries $89,016,100 $92,983,251 4.46%
Prof. & Scientific Salaries 656,102,492 689,953,083 5.16%
General Services Salaries 202,490,413 206,041,142 1.75%
Hourly Wages 8,762,459 9,647,604 10.10%
Total Salaries and Benefits $956,371,464 $998,625,080 4.42%
Other Expenditures
  FY 2021 Budget FY 2022 Budget % Change
Supplies and Services $818,372,166 $901,044,919 10.10%
Rentals 17,676,329 18,443,083 4.34%
Utilities 37,565,134 37,941,425 1.00%
Building Repairs 1,950,705 7,195,659 268.87%
Total Other Expenditures $875,564,334 $964,625,086 10.17%
Total Expenditures $1,831,935,798 $1,963,250,166 7.17%