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Mission Statement Operating Budget History

	General Fund	Nongeneral Fund	Positions
2005 Appropriation	$ 62,668,555	$ 205,916,425	2,413.14
2006 Appropriation	$ 69,118,510	$ 227,283,033	2,499.14
2007 Appropriation	$ 77,799,862	$ 263,599,897	2,600.14
2008 Appropriation	$ 82,591,570	$ 283,427,240	2,663.64

New Operating Budget Summary

	General Fund	Nongeneral Fund	Positions
2009 Base Budget	$ 82,591,570	$ 283,427,240	2,663.64
2009 Addenda	$ 2,182,628	$ 10,649,785	127.30
2009 Total	$ 84,774,198	$ 294,077,025	2,790.94
2010 Base Budget	$ 82,591,570	$ 283,427,240	2,663.64
2010 Addenda	$ 2,182,628	$ 23,142,417	154.80
2010 Total	$ 84,774,198	$ 306,569,657	2,818.44

• Distribute central appropriations amounts to agency budgets
  Adjusts 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, $3.5 million (GF).

• Continue funding for the FY 2008 faculty salary increase
  Continues 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, $755,781 (GF).

• Continue funding for the FY 2008 nursing faculty salary increase
  Continues funding for the nursing salary increase effective November 25, 2007. For each year, $79,028 (GF).

• Adjust nongeneral fund appropriation to reflect additional revenue for the eminent scholars program
  Adjust appropriation for James Madison University's share of Eminent Scholars Program For each year, $26,924 (NGF).

• Transfer funds from Central Appropriations for faculty salaries
  Transfers funds from Central Appropriations for the one percent faculty salary increase provided in Chapter 847. For each year, $223,299 (GF).

• Transfer Higher Education Tuition Incentive Funds
  Transfers funds from Central Appropriations to the agency budget for having met the requirements of the FY 2008 Tuition Incentive Fund. For each year, $784,186 (GF).

• Transfer funding between debt service fund detail codes
  Transfers appropriation authority between funds to properly account for debt service on Harrisonburg High School facility and property.

• Annualize partially funded operation and maintenance funding for new facilities
  Adjusts agency appropriation to annualize operations and maintenance funding for the Center for Information Sciences and Technology Library. For each year, $271,152 (GF) and $310,719 (NGF).

• Continue 2008 budget reductions
  Continues the budget reductions included in the Governor's 2008 reduction plan into the 2008-10 biennium. For each year, a reduction of $4.8 million (GF).

• Increase auxiliary enterprise appropriation
  Provide additional nongeneral fund appropriation associated with auxiliary enterprise operations. These revenues will support continued operations for dormitories, dining services, athletics, parking, and nongeneral fund capital projects. For 2009, $9.2 million (NGF) and 11 positions. For 2010, $21.7 million (NGF) and 27.5 additional positions.

• Increase undergraduate student financial assistance
  Increase funding for need-based financial aid for in-state undergraduate students. For each year, $376,269 (GF).

• Provide funding to support core instructional requirements
  Provides additional state funding to support the institution’s core operating requirements needed to deliver quality instructional and student service activities. For each year, $978,562 (GF) and $1.1 million (NGF).

• Increase positions to match operating funding
  Increases the position level of James Madison University to properly account for additional funding provided for enrollment growth. For 2009, 116.3 positions.

General Fund 2008-10 Biennium	Nongeneral Fund 2008-10 Biennium	Debt 2008-10 Biennium
$ 0	$ 2,000,000	$ 67,276,000

• Construct Center for the Arts
  Provides additional funding for the cost of equipment and furnishings associated with the opening of the Center for the Arts. This project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $676,000 (NGF).

• Renovate and expand athletics and recreation
  Provides funding for the renovation and expansion of athletic and recreation facilities. The project will be funded from the issuance of 9(d) revenue bonds. For the biennium, $50.0 million (NGF).

• Acquire Rockingham Memorial Hall
  Provides funding for the final phase of the purchase of Rockingham Memorial Hospital. This project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $18.6 million (NGF).