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STRENGTH… …In Financial Operations
The financial operations of Iowa’s Public Universities and Special Schools comprise a significant $4.1 billion enterprise. Of this amount, the general education component totals $1.16 billion.
Supporting our $4.1 billion enterprise are general operating revenues of $2.2 billion, which consist of state operating appropriations, tuition revenues, sales and services (primarily for UIHC), federal funds, interest income, and indirect cost reimbursements.
The remaining $1.9 billion is funded from restricted revenues specifically designated, or restricted, for a particular purpose or enterprise which cannot be used for any other purpose (i.e., operations). Restricted revenues consist of capital appropriations, tuition replacement appropriations, gifts, bond proceeds, sponsored funding from federal and private sources, residence systems, athletics, as well as other auxiliary or independent functions such as parking and utility systems.
Iowa’s Public Universities and Special Schools
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| FY 2010 Revenues and Expenditures |
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| Revenues |
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| Appropriations |
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| General Appropriations |
$567,442,850 |
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$567,442,850 |
| IowaCare Appropriations |
$59,168,518 |
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$59,168,518 |
| ARRA-State Stabilization |
$80,280,000 |
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$80,280,000 |
| Other Appropriations |
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$64,658,693 |
$64,658,693 |
| Tuition and Fees |
$604,732,008 |
$92,714,125 |
$697,446,133 |
| Sales and Services* |
$771,166,217 |
$408,142,912 |
$1,179,309,129 |
| Other Income |
$97,822,906 |
$1,349,010,301 |
$1,446,833,207 |
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| Total FY 2010 Revenues |
$2,180,612,499 |
$1,914,526,031 |
$4,095,138,530 |
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| Expenditures |
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| Salaries |
$1,482,192,172 |
$639,126,302 |
$2,121,318,474 |
| Professional/Scientific Supplies |
$347,957,470 |
$530,978,125 |
$878,935,595 |
| Library Acquisitions |
$25,661,535 |
$28,081 |
$25,689,616 |
| Rentals |
$13,833,437 |
$17,079,613 |
$30,913,050 |
| Utilities |
$87,648,870 |
$22,639,271 |
$110,288,141 |
| Building Repairs |
$35,457,373 |
$13,739,861 |
$49,197,234 |
| Auditor of State |
$1,306,200 |
$9,800 |
$1,316,000 |
| Equipment |
$21,202,630 |
$25,357,947 |
$46,560,577 |
| Aid to Individuals |
$133,618,753 |
$127,469,006 |
$261,087,759 |
| Debt Service |
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$102,810,729 |
$102,810,729 |
| Plant Capital |
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$303,695,737 |
$303,695,737 |
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| Total FY 2010 Expenditures |
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| *UIHC Sales and Service Revenues totaled $764 million |
$2,148,878,440 |
$1,782,934,472 |
$3,931,812,912 |
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Flying Hippo