How is the Regent enterprise funded?
The Regent enterprise is Iowa’s most powerful and comprehensive resource for educational opportunities and economic growth. The five Regent institutions annually enroll almost 70,000 students on their campuses; employ more than 43,000 people, including full-time and part-time employees and students; engage in extensive research and technology transfer projects; provide Iowans with diverse cultural, recreational, athletic, and entertainment activities; and operate a nationally renowned teaching hospital. This extensive enterprise has a total fiscal year 2007 budget of $3.4 billion. Of that amount, $1.9 billion is in general operating funds, which include $619 million in direct state funding, with the balance in federal funds, interest income, tuition and fee revenues, reimbursed indirect costs associated with grant-funded research, and sales and services. The other $1.5 billion is in restricted funds, which are specifically designated for particular purposes. These funds include $46.2.m
The Regent enterprise is Iowa’s most powerful and comprehensive resource for educational opportunities and economic growth. The five Regent institutions annually enroll more than 70,000 students on their campuses; employ more than 45,000 people, including full-time and part-time employees and students; engage in extensive research and technology transfer projects; provide Iowans with diverse cultural, recreational, athletic, and entertainment activities; and operate a nationally renowned teaching hospital. The current FY 2010 Regent enterprise budget, as approved by the Board in August 2009, slightly exceed $4 billion. Of that amount, $2.3 billion is in general operating funds and $1.8 billion in restricted funds. The $2.3 billion in operating revenue includes $671.6 million in direct state appropriations and $80.3 million in one-time federal stimulus funds. The operating budgets do not yet reflect the 10% across-the-board cut in state funding implemented by the Governor in October 200
