Steven Leath

Dean Borg/IPR

The Iowa Board of Regents has authorized an extensive audit of  the use of ISU-owned aircraft.  The board opened its meeting in Cedar Falls today by receiving a preliminary audit report of the three state universities’ travel policies. 

Iowa State University President Steven Leath is receiving a five-percent pay increase, boosting his annual salary to $525, 000.

At its meeting in Ames, the State Board of Regents also extended Leath’s Iowa State appointment to 2020. 

During that five-years, Leath also will receive an extra $125,000 in deferred compensation,.

The Regents also approved boosting University of Northern Iowa President William Ruud’s pay by two-and-one-half-percent. He’ll now be paid $348,000 annually, with an extra $75,000  in deferred compensation through 2017.