The 2008 Executive Budget Document
University of Mary Washington
Mission Statement
The University of Mary Washington is committed to being a premier public institution of higher education, cultivating an environment of academic excellence, fostering lifelong learning, pursuing knowledge, and providing service to its constituent communities.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 16,550,742 | $ 47,260,783 | 633.16 |
2006 Appropriation | $ 17,707,904 | $ 53,798,944 | 646.66 |
2007 Appropriation | $ 23,439,032 | $ 60,324,561 | 677.66 |
2008 Appropriation | $ 25,051,293 | $ 62,647,354 | 682.66 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 25,051,293 | $ 62,647,354 | 682.66 |
2009 Addenda | $ 239,115 | $ 5,610,584 | 0.00 |
2009 Total | $ 25,290,408 | $ 68,257,938 | 682.66 |
2010 Base Budget | $ 25,051,293 | $ 62,647,354 | 682.66 |
2010 Addenda | $ 239,115 | $ 9,910,584 | 0.00 |
2010 Total | $ 25,290,408 | $ 72,557,938 | 682.66 |
Recommended Operating Budget Addenda
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Distribute central appropriations amounts to agency budgetsAdjusts the agency budget to reflect amounts moved from Central Appropriations to cover the cost of items such as the continuation of 2007 and 2008 salary and health insurance premium increases, as well as changes in retirement and disability contribution rates and other centrally funded items. For each year, $881,615 (GF) and $998,779 (NGF).
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Continue funding for the FY 2008 faculty salary increaseContinues funding for the faculty salary increase effective November 25, 2007. This includes support for the three percent increase provided by the Governor and the additional one percent increase approved by the 2006 General Assembly. For each year, $237,780 (GF).
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Additional appropriation for surplus propertyIncrease appropriation to properly account for the sale of surplus property. For each year, $6,000 (NGF).
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Transfer funds from Central Appropriations for faculty salariesTransfers funds from Central Appropriations for the one percent faculty salary increase provided in Chapter 847. For each year, $70,253 (GF).
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Transfer Higher Education Tuition Incentive FundsTransfers funds from Central Appropriations to the agency budget for having met the requirements of the FY 2008 Tuition Incentive Fund. For each year, $120,363 (GF).
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Increase nongeneral fund appropriation to reflect additional tuition and fee revenueAdjusts nongeneral fund appropriation to accommodate incremental revenue from tuition and mandated fees associated with projected enrollment growth and rate increases. For 2009, $500,000 (NGF). For 2010, $3.0 million (NGF).
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Correct general fund appropriation for the Melchers Belmont EstateTransfers funding for operation of the Belmont Estate to the Museum and Cultural Services program.
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Adjust auxiliary revenues for debt service for new student housingAdjusts the university’s nongeneral fund appropriation in auxiliary programs to reflect the debt service requirement for VCBA financing for new residence halls. For each year, $303,350 (NGF).
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Adjust auxiliary revenues for debt service for Goolrick field improvementsIncreases the University’s nongeneral fund appropriation in auxiliary programs to reflect the debt service requirement for VCBA financing for improvements to Goolrick Field. For each year, $120,200 (NGF).
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Adjust nongeneral fund appropriation for auxiliary programsAdjusts the university’s nongeneral fund appropriation for food services, bookstores, and residential services based on current and projected revenue and program expenditure estimates. For 2009, $3.4 million (NGF). For 2010, $5.2 million (NGF).
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Continue 2008 budget reductionsContinues the budget reductions included in the Governor's 2008 reduction plan into the 2008-10 biennium. For each year, a reduction of $1.5 million (GF).
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Increase undergraduate student financial assistanceIncrease funding for need-based financial aid for in-state undergraduate students. For each year, $92,624 (GF).
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Provide funding to support core instructional requirementsProvides additional state funding to support the institution’s core operating requirements needed to deliver quality instructional and student service activities. For each year, $299,714 (GF) and $282,255 (NGF).
Capital Totals for the Biennium
General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
---|---|---|
$ 0 | $ 0 | $ 5,250,000 |
Recommended Capital Budget Addenda
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Renovate four academic buildingsProvides additional funding for the cost of equipment and furnishings associated with the renovation of four academic buildings. The project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $1.0 million (NGF).
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Renovate Lee HallProvides additional funding for the cost of equipment and furnishings associated with the renovation of Lee Hall. The project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $750,000 (NGF).
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Renovate Monroe HallProvides additional funding for the cost of equipment and furnishings associated with the renovation of Monroe Hall. The project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $1.5 million (NGF).
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Construct convocation centerProvides funding for equipment associated with the Convocation Center. This project will be funded from the issuance of 9(d) revenue bonds. For the biennium, $2.0 million (NGF).