The 2008 Executive Budget Document
University Of Virginia
Mission Statement
The University of Virginia enriches the mind by stimulating and sustaining a spirit of free inquiry directed to understanding the nature of the universe and the role of mankind in it. Activities designed to quicken, discipline, and enlarge the intellectual and creative capacities, as well as the aesthetic and ethical awareness, of the members of the University and to record, preserve, and disseminate the results of intellectual discovery and creative endeavor serve this purpose. In ful-filling it, the University places the highest priority on achieving eminence as a center of higher learning.
Operating Budget History
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2005 Appropriation | $ 125,951,014 | $ 698,858,339 | 7,051.79 |
| 2006 Appropriation | $ 137,195,132 | $ 774,629,241 | 7,308.79 |
| 2007 Appropriation | $ 156,137,827 | $ 827,326,241 | 7,538.96 |
| 2008 Appropriation | $ 161,920,742 | $ 865,886,647 | 7,625.96 |
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2009 Base Budget | $ 161,920,742 | $ 865,886,647 | 7,625.96 |
| 2009 Addenda | $ 3,385,596 | $ (61,926,542) | (21.00) |
| 2009 Total | $ 165,306,338 | $ 803,960,105 | 7,604.96 |
| 2010 Base Budget | $ 161,920,742 | $ 865,886,647 | 7,625.96 |
| 2010 Addenda | $ (3,339,404) | $ (39,626,542) | (10.00) |
| 2010 Total | $ 158,581,338 | $ 826,260,105 | 7,615.96 |
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, $6.5 million (GF) and $10.6 million (NGF).
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Eliminate general fund appropriation for bioengineering and regenerative medicine researchEliminates one-time funding included in Chapter 847 (2007) to build research capacity at selected institutions of higher education. For each year, a reduction of $5.7 million (GF).
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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, $1.4 million (GF).
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Continue funding for the FY 2008 nursing faculty salary increaseContinues funding for the nursing salary increase effective November 25, 2007. For each year, $216,288 (GF).
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Adjust nongeneral fund appropriation to reflect additional graduate student financial aid revenueAdjust nongeneral fund appropriation to support increased revenue for graduate financial aid. For each year, $952,097 (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, $401,777 (GF).
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Transfer funding for Fishery Resource Grant Program to the Virginia Institute of Marine ScienceTransfers funding for the Fishery Resource Grant Program from the University of Virginia (UVA) to the Virginia Institute of Marine Science (VIMS). The UVA program is no longer functional and the administrative functions have been assigned to VIMS. For each year, a reduction of $210,000 (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, $409,113 (GF).
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Eliminate excess nongeneral fund appropriationEliminate nongeneral fund (tuition and fee) appropriation to more accurately reflect the total amount of nongeneral fund resources collected to support the university's instructional program. For each year, a reduction of $7.0 million (NGF).
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Adjust appropriation to reflect revised nongeneral fund collectionsAdjusts the university's sum sufficient appropriation for sponsored and auxiliary enterprise programs. In addition, the university includes additional nongeneral fund revenue for financial aid to support the AccessUVA program which provides financial aid to low-income students. For 2009, a decrease of $73.4 million (NGF) and nine positions. For 2010, a decrease of $51.1 million (NGF) and 11 additional positions.
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Annualize partially funded operation and maintenance for facilitiesProvides funding to annualize the operating and maintenance funding provided in a previous year. For each year, $847,214 (GF) and $1.2 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 2009, a decrease of $9.2 million (GF), an increase of $2.8 million (NGF), and a reduction of 30 positions. For 2010, a decrease of $9.2 million (GF) and an increase of $2.8 million (NGF).
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Increase undergraduate student financial assistanceIncrease funding for need-based financial aid for in-state undergraduate students. For each year, $70,094 (GF).
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Invest in researchProvides funds to support leading research programs in Virginia's public institutions of higher education while encouraging the development of self-sustaining enterprises that will continue beyond the 2008-2010 biennium. For 2009, $6.7 million (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, $1.9 million (GF) and $3.0 million (NGF).
Capital Totals for the Biennium
| General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
|---|---|---|
| $ 0 | $ 5,861,000 | $ 13,665,000 |
Recommended Capital Budget Addenda
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Construct Medical Research Building (MR-6)Provides additional funds for the cost of equipment and furnishings for the construction of Medical Research Building (MR-6) scheduled to be completed in December 2008. The project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $765,000 (NGF).
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Expand Central Grounds ChillerProvides funding to install one 1,200-ton chiller in the Central Grounds Chiller Plant located in the basement of Bryan Hall. The new chiller is needed to provide cooling for new facilities such as the Rouss Hall Expansion and the South Lawn project and ensure that critical facilities such as the Student Health Center, Clark Hall, and Cobb Hall experience no adverse impact from the added capacity. This project will be funded from nongeneral fund revenues. For the biennium, $5.7 million (NGF).
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Construct information technology and communications data center buildingProvides funding to construct a 12,500 square foot facility, including a 5,500 square foot computer room space to deliver expansion capacity and provide a significant enhancement to disaster recovery and business continuity capabilities. The department of Information Technology and Communication (ITC) requires sufficient space, power, and cooling to house the servers and other equipment that it and many departments use to provide computing services to the university community. This project will be funded from a combination of nongeneral fund revenues and the issuance of 9(d) revenue bonds. For the biennium, $13.1 million (NGF).