The 2008 Executive Budget Document
Virginia Commonwealth University
Mission Statement
Virginia Commonwealth University is a public, urban, research university, supported by Virginia to serve the people of the state and the nation. The university provides a fertile and stimulating environment for learning, teaching, research, creative expression, and public service.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 159,346,110 | $ 456,545,528 | 4,917.34 |
2006 Appropriation | $ 174,924,047 | $ 514,349,906 | 4,997.34 |
2007 Appropriation | $ 203,654,925 | $ 576,449,507 | 5,079.34 |
2008 Appropriation | $ 214,709,314 | $ 614,720,895 | 5,152.34 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 214,709,314 | $ 614,720,895 | 5,152.34 |
2009 Addenda | $ 10,845,657 | $ 45,122,577 | 29.75 |
2009 Total | $ 225,554,971 | $ 659,843,472 | 5,182.09 |
2010 Base Budget | $ 214,709,314 | $ 614,720,895 | 5,152.34 |
2010 Addenda | $ 6,795,657 | $ 51,674,536 | 29.75 |
2010 Total | $ 221,504,971 | $ 666,395,431 | 5,182.09 |
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, $9.2 million (GF) and $6.6 million (NGF).
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Eliminate general fund appropriation for biomedical engineering 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 $3.1 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, $1.7 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, $108,144 (GF).
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Adjust nongeneral fund appropriation to reflect additional tuition and sales and service revenueAdjusts the tuition revenue for the Qatar Campus ($7.5 million) and provides additional revenue through various sales and services for other VCU entrepreneurial activities ($3.5 million). For each year, $11.0 million (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, $500,860 (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, $1.0 million (GF).
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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, $460,628 (GF) and $421,110 (NGF).
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Increase nongeneral fund appropriation to reflect additional tuition and fee revenueProvides additional appropriation authority to reflect additional tuition revenue for the biennium. For 2009, $11.5 million (NGF) and 81 positions. For 2010, $11.5 million (NGF).
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Increase nongeneral fund appropriation to reflect additional auxiliary enterprise revenueProvides additional nongeneral fund appropriation to reflect additional auxiliary enterprise revenues. The additional funding will be used to fund compensation, debt service and capital costs for new facilities, operations and maintenance costs for new facilities, operating needs for new and expanding programs, and repair and reserve funds. For 2009, $11.3 million (NGF). For 2010, $17.8 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 $9.7 million (GF) and 51.25 positions. For 2010, a decrease of $9.7 million (GF).
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Provide funding to expand autism servicesProvides additional funding to cover increased assessment and early intervention clinics, provide a new clinic in Fredericksburg, add staff for the Bedford/Roanoke site, and open two satellite offices in Fredericksburg and Northern Virginia. For 2010, $150,000 (GF).
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Provide funding to establish a satellite dental clinic in Southwest VirginiaProvide start-up funds to establish a satellite dental clinic in Southwest Virginia (Wise) to serve underserved citizens in the area. The clinic will accommodate five dental students, two dental hygiene students, ad two full-time faculty members in a 6,000 square foot facility near the Wise Airport. For 2009, $100,000 (GF).
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Increase undergraduate student financial assistanceIncrease funding for need-based financial aid for in-state undergraduate students. For each year, $1.5 million (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, $4.1 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, $4.8 million (GF) and $4.4 million (NGF).
Capital Totals for the Biennium
General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
---|---|---|
$ 0 | $ 19,394,000 | $ 52,599,000 |
Recommended Capital Budget Addenda
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Construct Medical Sciences Building, Phase IIProvides additional funds for the cost of equipment and furnishings for the construction of the Medical Sciences Building scheduled to be completed in January 2009. The project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $3.7 million (NGF).
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Construct Monroe Park Campus Addition art gallery, phase IProvides funding to construct the first phase of a two-phase project which will provide 20,000 square feet of gallery, support and office space in a 3-story structure. The new facility is designed to overcome deficiencies in the current gallery space in the Anderson Gallery. The project will be funded from private funds. For the biennium, $19.4 million (NGF).
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Construct executive conference center, Monroe Park Campus AdditionProvides funding to construct a 60,000 square foot executive conference center to be used for conferences, seminars, executive sessions, special events, celebrations and other non-credit activities benefiting the University and the Richmond community. The project will be funded from the issuance of 9(d) revenue bonds. For the biennium, $34.0 million (NGF).
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Construct Belvidere and Grace Street parking deck, phase IProvides funding for Phase I of a two-phase major new construction to eventually provide 500 parking spaces and approximately 25,000 square feet of VCU administrative and retail space at the eastern gateway to Monroe Park Campus. The administrative space will be scaled as a buffer between Belvidere Street and the four-story deck. The project will be funded from the issuance of 9(d) revenue bonds. For the biennium, $14.9 million (NGF).