How is the Regent enterprise funded?

The Regent enterprise is Iowa's most powerful and comprehensive resource for educational opportunities and economic growth. The five Regent institutions annually enroll more than 81,000 students on their campuses; employ more than 48,000 people, including full-time and part-time employees and students; engage in extensive research and technology transfer projects; provide Iowans with diverse cultural, recreational, athletic, and entertainment activities; and operate a nationally renowned teaching hospital.

The current FY 2018 Regent enterprise budget, as approved by the Board in August 2017, slightly exceeds $5.8 billion. Of that amount, $3.1 billion is in general operating funds (includes UIHC) and $2.7 billion in restricted funds.

Of the $3.1 billion in operating revenue, 64.7% comes from tuition and fees and 30.7% comes from state appropriations. The balance of the operating revenues is comprised of federal funds, interest income, reimbursed indirect costs associated with grant-funded research, and sales and services.

The $2.7 billion in restricted funds are specifically designated or restricted for a particular purpose or enterprise and include capital and tuition replacement appropriations, gifts, sponsored funding from federal and private sources, athletics, as well as other auxiliary or independent functions such as residence, parking, and utility systems.

 

Institutional FY 2018 Budgets
(in thousands)
School Operating Budget Restricted Budget Total
University of Iowa $2,218,500* $1,777,000 $3,995,500
Iowa State University 723,000 783,100 1,506,100
University of Northern Iowa 186,300 168,800 355,100
Iowa School for the Deaf 11,100 1,500 12,600
Iowa Braille and Sight Saving School 8,400 800 9,200
Total $3,147,300 $2,731,200 $5,878,500

* Includes $1.42 million for University of Iowa Hospitals and Clinics, Psychiatric Hospital, Center for Disabilities and Development, and Specialized Child Health Services.

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