The 2008 Executive Budget Document
Virginia Military Institute
Mission Statement
The Virginia Military Institute produces educated, honorable men and women, prepared for the varied work of civil life, imbued with love of learning, confident in the functions and attitudes of leadership, possessing a high sense of public service, advocates of the American Democracy and free enterprise system, and ready as citizen-soldiers to defend their country in a time of national peril. To accomplish this result, the Virginia Military Institute shall provide to qualified young men and women undergraduate education of highest quality -- embracing engineering, science, and the arts -- conducted in, and facilitated by, the unique VMI system of military discipline.
Operating Budget History
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2005 Appropriation | $ 13,349,834 | $ 33,233,391 | 451.43 |
| 2006 Appropriation | $ 13,715,396 | $ 34,069,999 | 453.02 |
| 2007 Appropriation | $ 15,357,097 | $ 36,855,892 | 461.02 |
| 2008 Appropriation | $ 16,505,706 | $ 37,100,147 | 463.77 |
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2009 Base Budget | $ 16,505,706 | $ 37,100,147 | 463.77 |
| 2009 Addenda | $ (1,703,216) | $ 6,850,220 | 0.00 |
| 2009 Total | $ 14,802,490 | $ 43,950,367 | 463.77 |
| 2010 Base Budget | $ 16,505,706 | $ 37,100,147 | 463.77 |
| 2010 Addenda | $ (1,703,216) | $ 6,850,220 | 0.00 |
| 2010 Total | $ 14,802,490 | $ 43,950,367 | 463.77 |
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, $508,003 (GF) and $1.0 million (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, $79,219 (GF).
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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, $23,406 (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, $131,281 (GF).
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Increase auxiliary nongeneral fund appropriationIncreases the nongeneral fund appropriation in the university's auxiliary enterprise program to operate and maintain previously authorized facilities. For each year, $3.9 million (NGF).
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Increase unique military activities nongeneral fund appropriationIncreases funding for unique military activities to reflect costs associated with increased uniform costs. For each year, $937,000 (NGF).
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Increase student financial assistance appropriationIncreases nongeneral fund appropriation for need- based-financial aid for in state undergraduate students to approximate the total awards planned for cadet financial assistance during the 2008-2010 biennium For each year, $350,000 (NGF).
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Annualize partially funded operation and maintenance funding for new facilitiesAdjusts agency appropriation to annualize operation and maintenance funding for the ROTC and Sciences Building. For each year, $15,396 (GF) and $25,770 (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 decrease of $981,362 (GF) and an increase of $421,309 (NGF).
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Transfer Unique Military Activity fundsTransfer funds from Virginia Military Institute in support of the Unique Military Program at Virginia Tech. This is an administrative transfer to accurately distribute funds to the responsible agency. For each year, a reduction of $1.6 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, $4,994 (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, $85,671 (GF) and $143,395 (NGF).
Capital Totals for the Biennium
| General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
|---|---|---|
| $ 0 | $ 0 | $ 6,019,000 |
Recommended Capital Budget Addenda
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Renovate Mallory HallProvides additional funding for the cost of equipment and furnishings associated with the renovation of Mallory Hall, which houses the physics, astronomy and mathematics programs. The project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $760,000 (NGF).
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Renovate Kilborne HallProvides additional funding for the cost of equipment and furnishings associated with the renovation of Kilborne Hall. The project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $485,000 (NGF).
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Construct South Hill ParkingProvides funding to construct the South Hill parking lot. The project will be funded from the issuance of 9(d) revenue bonds. For the biennium, $2.8 million (NGF).
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Construct Lackey ParkingProvides funding to construct the Lackey parking lot. The project will be funded from the issuance of 9(d) revenue bonds. For the biennium, $2.0 million (NGF).