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 2018 Budget FY 2019 Budget % Change
State Appropriations $659,456 $659,456 -2.40%
Supplemental Appropriations 0 0 0.00%
Interest 5,282,337 10,377,839 96.46%
Reimbursed Indirect Costs 5,729,314 6,300,948 9.98%
Sales and Services 1,448,538,952 1,580,192,509 9.09%
Other Income 1,464,748 1,725,703 17.82%
Total Revenues $1,461,674,807 $1,599,240,640 9.41%
Expenditures - Salaries and Benefits
  FY 2018 Budget FY 2019 Budget % Change
Fac. & Inst. Off. Salaries $88,540,992 $87,750,922 -0,89%
Prof. & Scientific Salaries 591,050,109 620,713,331 5,02%
General Services Salaries 206,241,962 195,505,252 -5,21%
Hourly Wages 10,161,508 8,199,542 -19,31%
Total Salaries and Benefits $895,994,571 $912,169,047 1.81%
Other Expenditures
  FY 2018 Budget FY 2019 Budget % Change
Supplies and Services $514,961,923 $634,250,726 23.16%
Rentals 13,840,904 15,095,883 9.07%
Utilities 35,081,925 35,436,515 1.01%
Building Repairs 1,795,484 2,288,469 27.46%
Total Other Expenditures $565,680,236 $687,071,593 21.46%
Total Expenditures $1,461,674,807 $1,599,240,640 9.41%