FY2018 News

Most of midyear reversion to be absorbed centrally

April 19, 2018

About 75 percent -- nearly $4 million -- of Iowa State's fourth-quarter budget cut will be absorbed centrally through one-time savings, President Wendy Wintersteen told the state Board of Regents at its April 12 meeting in Council Bluffs. Key strategies include using one-time, nonrecurring funds; leaving vacant positions (primarily in the university services division) unfilled through June 30; and investing in fewer campus facilities needs as they arise.

Regents approve FY18 budget, three improvement projects

Aug. 3, 2017

Iowa State's general fund operating budget for the fiscal year that began July 1 includes net incremental revenue of $14.2 million. This includes $26 million in additional tuition and $1.5 million more in indirect cost recoveries on sponsored research, offset by $13.3 million less in state operating appropriations than a year ago. The loss in state support amounts to about a 5.5 percent reduction from a year ago.

ISU leaders await FY18 state funding decisions

April 6, 2017

In Gov. Terry Branstad's revised state budget recommendations for the fiscal year that begins on July 1, Iowa State would receive $4.5 million less in state support. This is in addition to the $8.9 million in mid-year cuts made to the general university appropriation this winter, which permanently lowered Iowa State's base education appropriation.

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