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 2017 Budget FY 2018 Budget % Change
State Appropriations $659,456 $659,456 0.00%
Supplemental Appropriations 0 0 0.00%
Interest 5,703,627 5,282,337 -7.39%
Reimbursed Indirect Costs 4,465,788 5,729,314 28.29%
Sales and Services 1,367,307,049 1,448,538,952 5.94%
Other Income 2,332,251 1,464,748 -37.20%
Total Revenues $1,380,468,171 $1,461,674,807 5.88%
Expenditures - Salaries and Benefits
  FY 2017 Budget FY 2018 Budget % Change
Fac. & Inst. Off. Salaries $92,366,059 $88,540,992 -4.14%
Prof. & Scientific Salaries 570,345,104 591,050,109 3.63%
General Services Salaries 192,685,777 206,241,962 7.04%
Hourly Wages 8,743,187 10,161,508 16.22%
Total Salaries and Benefits $864,140,127 $895,994,571 3.69%
Other Expenditures
  FY 2017 Budget FY 2018 Budget % Change
Supplies and Services $471,836,371 $514,961,923 9.14%
Rentals 10,193,650 13,840,904 35.78%
Utilities 32,428,998 35,081,925 8.18%
Building Repairs 1,869,035 1,795,484 -3.94%
Total Other Expenditures $516,328,044 $565,680,236 9.56%
Total Expenditures $1,380,468,171 $1,461,674,807 5.88%