Budgets are on regents' Aug. 1 agenda

Meeting via telephone on Aug. 1, the state Board of Regents will approve university budgets for the fiscal year that began July 1. The meeting will originate from the board office in Urbandale, and audio of all public portions of the meeting will be livestreamed on the board's website. Start time is 10 a.m. The agenda is online.

According to board documents, Iowa State's proposed operating budget for FY20 is $742 million, up about $10.1 million from a year ago. The key pieces of that increase are about $5.1 million more in state support and $4.6 million in additional tuition revenue.

Combined with restricted budgets of $773.2 million, Iowa State's proposed overall FY20 budget is nearly $1.53 billion, an increase of about $24.8 million from a year ago.

Details about Iowa State's budget will be shared in an upcoming edition of Inside.

Other ISU business

Also on the consent agenda are ISU requests to:

  • Purchase an 18,200-square-foot warehouse on about four acres at 2105 East Lincoln Way, the proposed new location for ISU’s central receiving facility. It currently shares a building on Airport Road with the surplus unit. The proposed price is $1.45 million, covered with lease revenue funds.
  • Lease to the city of Ames, for $1 annually, 9.5 acres at the northwest corner of the Scholl Road/Ontario Road intersection so the city can develop it for the proposed Healthy Life Center. The land currently is used for agricultural research plots, but access with modern farm equipment is increasingly difficult as the residential neighborhood grows. This lease would be the university's contribution to the project.
  • Change the name of two master's programs, for consistency. The master of engineering and master of science programs in information assurance would become the master of engineering and master of science in cyber security. This reflects degree program names at other universities and aligns with the new bachelor's degree in cyber security.