Inside Archives
|
June 10, 2005
Salaries, benefits take largest portion of new dollars
by Anne Krapfl
New and reallocated funds in Iowa State's FY06 operating budget will
total just over $27 million. The Board of Regents, State of Iowa, is
expected to
approve regent university budgets for the year that begins July 1 when it
meets Monday and Tuesday in Council Bluffs.
Salary and benefit increases are the single largest piece -- $12.2
million -- of the additional money. The faculty salaries portion of that is
$6.5 million, the P&S portion is $3.2 million, and the merit staff
portion is $2.5 million. (See related
story on salary policy.)
The second largest initiative to receive funding is building
renovation and operation. Of $3.5 million designated, $2.5 million
is a one-time state appropriation that must be used for major building
repair, according to the legislation.
These two big-dollar items are among 14 initiatives university leaders
identified for funding next year. The 14 address top priorities in
Iowa State's 2005-10 strategic plan and the Regent Partnership Plan
for Transformation and Excellence. Those priorities, which guided the budget
process, are:
- Achieve competitive salaries for faculty and staff
- Increase student success and enhance the quality of undergraduate
educational programs
- Increase the excellence of graduate, professional and research programs
that are, or can can, among the very best
- Strengthen Iowa through technology transfer, economic development and
enhanced Extension and outreach programs
- Increase administrative efficiency and improve administrative systems,
information infrastructure and facilities needed to support the above
priorities
FY06 new and reallocated dollars
Where it came from |
New revenues |
$17,939,458 |
State appropriation $9,687,693* |
|
Tuition $7,649,175 |
|
Other income** $602,590 |
|
Reallocations |
$9,153,451 |
Total |
$27,092,909 |
* $6.07 million increase to the
university's base budget; $3.62 million in one-time funds **Indirect
cost recovery, interest income, misc. fees | |
How it will be spent (14 initiatives):
|
Achieve competitive salaries for faculty and staff |
Competitive salaries and benefits |
$12,209,920 |
Increase student success and enhance the quality of undergraduate educational programs
|
Undergraduate student financial aid |
$713,501 |
New faculty positions in support of undergraduate education |
$1,057,333 |
Adviser positions, programming to enhance undergraduate student success |
$624,254 |
Increase the excellence of those graduate, professional, and research programs that are or can be among the very best
|
Financial aid/ scholarships to recruit the best graduate and professional students |
$995,183 |
Funding to enrich veterinary medicine program |
$1,462,090 |
Strengthen ISU's premier programs*
| $1,547,881 |
Strengthen research in high-impact interdisciplinary areas** |
$2,219,639 |
Strengthen Iowa through technology transfer, economic development, and enhanced Extension and outreach programs
|
Research staff, equipment, operating funds to improve Iowa air and water quality |
$258,090 |
Partnership in Prevention Science Institute (to support Iowa youth) |
$185,255 |
Economic development initiatives to benefit the state | $182,000 |
Increase administrative efficiency and improve systems, information infrastructure, and facilities needed to support the above initiatives
|
Information technology support and infrastructure |
$1,358,743 |
Renovate, maintain academic facilities |
$3,540,807 |
New positions to increase administrative efficiency |
$738,213 |
Total |
$27,092,909 |
*New funds to these areas:
statistics, physics, psychology, bioengineering, educational
research and statistics, and human development and family studies
**New funds to these areas: human computer interaction,
nanotechnology, combinatorial discovery, biological sciences, Engineering
for Extreme Environments, integrated animal genomics, corn and soybean
research | |
|
Regents to OK budgets
The Board of Regents, State of Iowa, is expected to approve university budgets for next fiscal year when it meets Monday and Tuesday in Council Bluffs.
|