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 2019 Budget FY 2020 Budget % Change
State Appropriations $643,641 $643,641 -2.40%
Supplemental Appropriations 0 0 0.00%
Interest 10,377,839 12,607,383 21.48%
Reimbursed Indirect Costs 6,300,948 5,000,000 -20.65%
Sales and Services 1,580,192,509 1,702,854,464 7.76%
Other Income 1,725,703 1,609,959 -6.71%
Total Revenues $1,599,240,640 $1,722,715,447 7.72%
Expenditures - Salaries and Benefits
  FY 2019 Budget FY 2020 Budget % Change
Fac. & Inst. Off. Salaries $87,750,922 $89,523,602 2.02%
Prof. & Scientific Salaries 620,713,331 665,531,710 7.22%
General Services Salaries 195,505,252 199,076,735 1.83%
Hourly Wages 8,199,542 8,010,396 -2.31%
Total Salaries and Benefits $912,169,047 $962,142,443 5.48%
Other Expenditures
  FY 2019 Budget FY 2020 Budget % Change
Supplies and Services $634,250,726 $706,416,655 11.38%
Rentals 15,095,883 15,579,042 3.20%
Utilities 35,436,515 36,666,155 3.47%
Building Repairs 2,288,469 1,911,152 -16.49%
Total Other Expenditures $687,071,593 $760,573,004 10.7%
Total Expenditures $1,599,240,640 $1,722,715,447 7.72%