FY2015 News


FY15 budget approved

August 7, 2014

The total Iowa State budget for the fiscal year that began July 1 is a proposed $1.3 billion. This includes a $655 million operating budget and a $670 million restricted budget, which includes sponsored research, private gifts, endowment income, sales and services, and auxiliary units such as athletics, residence, printing, parking, bookstore, Reiman Gardens and the Memorial Union.


New dollars will support university priorities

July 10, 2014

Last month, President Steven Leath approved proposals from his three senior vice presidents on uses for $39.94 million in new revenue for the budget year that began July 1. Iowa State will continue its multi-year investment in the university's four broad priorities.


Tuition, state funds contribute to larger FY15 budget

May 29, 2014

Key uses of additional dollars include employee compensation, student financial aid and strategic university priorities.


Funding task force report is posted in advance of regents' June meeting

May 22, 2014

A task force report that recommends tying state funding for the public universities to resident enrollment and specific outcomes has been posted on the state Board of Regents website. Task force chairman David Miles will present the report and its six recommendations to the board at its June 4 meeting on the Iowa

State campus.


Parameters set for July salary increases

May 08, 2014

Faculty, professional and scientific staff, contract employees and post docs with satisfactory performance evaluations this year will receive a minimum salary increase of 1 percent on July 1. Salary increases above 5 percent will require a senior VP's approval.


Proposed model would send more state funds to Iowa State, UNI

May 08, 2014

A task force has wrapped up its work to develop a funding formula that connects state funds to regents' priorities. The group's recommendations go to the Board of Regents next month. 


Enrollment could be a driver in new funding formula

April 24, 2014

A task force studying performance measures that could tie state funding to the three regent universities in a new way put a big emphasis on enrollment. No final decisions have been made yet.


Leath: State funding should follow resident students

March 27, 2014

Iowa's public university presidents shared their preferences for performance-based funding March 13 with a regents-appointed task force studying different ways to allocate the state's higher education funding among the three schools. 


Leath makes appropriations request

February 20, 2014

"We try to be very good stewards of your money," President Steven Leath told members of the Legislature's Education Appropriations Subcommittee last Thursday. Iowa State's general appropriations request is a 4 percent increase.


Branstad budget includes operating increase, biosciences building

January 16, 2014

The state Board of Regents (PDF) and President Steven Leath on Tuesday expressed gratitude for Gov. Terry Branstad's FY15 budget recommendations, which include a 4 percent increase to the three public universities' operating budgets -- about $6.9 million for Iowa State -- and $2 million in planning funds for a biosciences facility at Iowa State.


Leath outlines FY15 budget planning priorities

October 10, 2013

Four broad priorities identified last fall will continue to drive budget plans, as will recommendations emerging from two ongoing study groups.

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Questions?

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