Inside Iowa State

July 2, 2004

Returned state money will be used for building repairs

Anne Krapfl

Iowa State will receive a total of $582,041 as a result of Gov. Tom Vilsack's decision June 25 to return some of the state money cut from the university's budget last fall. Iowa State lost $5.8 million as part of an across-the-board state funding reversion in October 2003.

The governor announced last week that, due to higher-than-projected state revenues, he would restore some of the funding to state units.

The allocation is one-time money. It must be spent or encumbered as part of the FY04 budget year, which ended June 30. The state's allocation to Iowa State for FY05 will not include this amount.

The Iowa State allocation looks like this:
General University Experiment Station Cooperative Extension IPRT Small Bus. Dev. Center Leopold Center Livestock Research ISU Research Park	$444,076 $79,537 $50,611 $4,302 $1,375 $1,191 $566 $383

All of the general university allocation will be used to address critical building repair projects, leaking roofs in particular, according to Mark Chidister, assistant to the president for budget planning and analysis. A preliminary plan this spring to add dollars to the university's building repair fund in the FY05 budget had to be abandoned when student enrollment projections for fall were reduced.

The other units, which receive direct appropriations from the state, currently are completing plans for using this one-time money.

Iowa State will receive a total of $582,041 in one-time state funds to close out FY04. The general university allocation, $444,076, will be used to address critical building repair projects, leaking roofs in particular.