FY2014 News


Regents approve final budget, transparency recommendations

August 15, 2013

The state Board of Regents approved the FY14 university budget, endorsed recommendations of a transparency task force and heard a report on ISU's strategic plan during its Aug. 8 meeting in the Memorial Union.


New revenue in FY14 budget will target priority items

June 27, 2013

Approximately $11.5 million will be directed to initiatives that address broad university priorities shared last fall by President Leath.


State appropriations will help expand research park

June 27, 2013

A bill passed by the Legislature and signed by Gov. Terry Branstad provides $12 million to finance construction of a new building and site to house several services and agencies in the Iowa State University Research Park.


FY14 salary parameters set

June 06, 2013

Faculty and P&S staff with performance evaluations will see a salary increase on July 1 of at least 1 percent (1.5 percent for those with salaries of $60,000 or less). Those with exemplary evaluations also may receive merit-based increases. Merit employees not at the maximum salary in their pay grades will receive a 4.5 percent increase on their university anniversary date.


Special allocation intended to boost humanities salaries

June 06, 2013

President Steven Leath, provost Jonathan Wickert and LAS dean Beate Schmittmann have allocated $450,000 toward humanities salaries and benefits. The funds are intended to bring the average salaries of tenured and tenure-track ISU humanities faculty closer to salaries of their peers at other institutions.


Review of budget model wraps up

April 11, 2013

After a nearly two-year review process, more than two dozen recommendations will be implemented to either the university's budget model or budget development process. Another 20 recommendations have been either referred to the provost's office or held for another look.


A local look at the federal sequester

March 14, 2013

Armed with few solid details about cuts in their federal funding, campus leaders weigh their options for reducing their own budgets yet this year.


Funding source for salary increases not certain

January 24, 2013

The governor's proposed FY14 budget includes additional operating funds for Iowa State. However, zero to modest tuition rate hikes and the slim possibility of inclusion in a salary bill creates uncertainty about salary increases next year.


Four priorities guide planning for FY14 and beyond

November 8, 2012

Using the strategic plan as a starting point, president Steven Leath identified four priorities that will guide both effort and budget planning over the next several years. Senior vice presidents will use the four to set priorities and develop budgets within their own units.


Changes to budget model won't affect FY14 budgets

October 25, 2012

The process of implementing changes to the university budget model is under way, but no changes will be made this year that affect budgets for the fiscal year that begins next July.


Some changes are coming to ISU budget model

August 16, 2012

After reviewing a task force report on the effectiveness of Iowa State's now 5-year-old budget model, president Steven Leath has decided Iowa State will continue to use the model. He will, however, implement changes aimed at making the model work more effectively and efficiently for this university.


FY13 budget priorities: Student experience, research, salaries

August 9, 2012

Iowa State will invest additional dollars this year to bolster the educational experience for students, its research enterprise, and compensation for faculty and staff. These were tapped as priorities since early in the budget planning process and are part of Iowa State's FY13 budget approved Aug. 3 by the state Board of Regents.

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Share ideas or suggestions by emailing the Institutional Budget Management team, budget@iastate.edu.