Communications
Dear Colleagues,
As part of my Listen. Learn. Lead. initiative, I am writing to announce plans for an independent, comprehensive review of the university's current budget model.
Why a review?
The budget model was implemented in 2009 and hasn’t been thoroughly reviewed since 2012. Conducting a review is good practice, and it will allow us to evaluate how well this model aligns with our land-grant mission, strategic plan, academic priorities, and long-term financial sustainability. This review is about positioning Iowa State University for a strong future and reflects consistent feedback I have heard during my listening tour.
Our goal
The goal of this review is to ensure we have a budgeting framework that supports growth, innovation, transparency, and the university’s ability to respond effectively to evolving needs and opportunities. A strong and adaptable financial framework is essential for efficient and effective deployment of our limited resources.
The process
To help us in this effort, an external consulting firm will be selected to evaluate the current budget model, review peer and best practices, and identify potential opportunities for improvement. Any recommendations developed through this process will be advisory in nature and reviewed by senior leaders before decisions are made. While this effort aligns with the Iowa Board of Regents Revenue Enhancement and Productivity Study (REAPS), this review is a distinct, Iowa State-focused initiative.
Senior vice presidents Jason Keith, Sean Reeder, and Toyia Younger will join me as executive sponsors of the review. I have also selected a steering committee representing campus constituencies to work with the consultant throughout the process.
Budget Model Review Steering Committee
Mike Francom, Academic Affairs Strategic Budget and Finance Advisor (Co-Chair)
Bonnie Whalen, Associate Vice President for Institutional Financial Strategy (Co-Chair)
Rachel Boenigk, Director of Administrative Services for Student Affairs
Kristen Constant, Vice President and Chief Information Officer
Kristi Darr, Vice President for University Human Resources
Peter Dorhout, Vice President for Research
Sam Easterling, Dean of Engineering (Dean representative)
Jason Henderson, Vice President for Extension and Outreach
Larissa Holtmyer Jones, ISU Foundation President and CEO
Michael Norton, General Counsel and Special Advisor on University Athletics
Michael Olsen, Faculty Senate President-Elect
Jennifer Schroeder, P&S Council President
David Spalding, Vice President for Economic Development and Industry Relations
Katharine Suski, Associate Vice President for Enrollment Management
What’s next?
Additional information, including opportunities for engagement in the process, will be shared following selection of the consulting firm and the formal launch of the review later this summer.
Thank you for your work to support our students and colleagues, and advance Iowa State’s land-grant mission.
Sincerely,
David Cook
President
This email was sent to all faculty and staff at Iowa State University
March 18, 2026
Dear Iowa State Community,
Following the recent severe winter weather, I want to take a moment to express my sincere appreciation.
While the university was partially closed and classes were not in session for spring break on Monday, many of our colleagues still reported to campus to ensure essential operations continued. I am especially grateful to the employees in police, public safety, security, the power plant, residence, food service, health care, animal care and those responsible for critical maintenance of our facilities, roads, sidewalks and more. I saw firsthand how their commitment during challenging conditions makes a real difference for our campus.
I also want to underscore the importance of putting safety first. I appreciate our supervisors for providing maximum flexibility for employees who could work remotely or take leave. Thank you for supporting your teams.
As I begin week three of my presidency, I am continually impressed by the dedication, professionalism and care shown by our Iowa State Community.
Please join me in thanking the employees who supported our essential campus operations during the blizzard conditions.
Sincerely,
David Cook
President
Dear Iowa State Community,
As I begin my tenure as the 17th president of Iowa State University, I am honored to serve my alma mater and to work alongside this incredible community of students, faculty, staff, alumni, donors and friends.
I invite you to watch this video message from my wife, Katie, and me as we share our excitement about coming home to Iowa State and beginning this next chapter together with you.
Sincerely,
David Cook
President