The 2009 Executive Budget Document
University of VirginiaMission 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||$ 161,025,383||$ 802,482,246||7,604.96|
|2009 Addenda||$ (10,619,554)||$ 10,000,000||0.00|
|2009 Total||$ 150,405,829||$ 812,482,246||7,604.96|
|2010 Base Budget||$ 161,025,383||$ 824,782,246||7,615.96|
|2010 Addenda||$ (21,949,645)||$ 25,756,227||0.00|
|2010 Total||$ 139,075,738||$ 850,538,473||7,615.96|
Recommended Operating Budget Addenda
Adjust nongeneral fund appropriation to reflect additional tuition and fee revenueProvides funding from increased tuition and fee revenue to support educational and general program activities. For 2009, $10.0 million (NGF). For 2010, $24.0 million (NGF).
Transfer funding from educational and general programs to the student financial assistance program to support nursing scholarshipsTransfer funds from educational and general programs to student financial assistance to maximize the number of newly licensed nurses and increase the supply of nursing faculty through the establishment of a scholarship/loan forgiveness program.
Increase funds for health care costsProvides additional funding to cover the state's share of the increases in employer premiums for employees participating in the university's self-insured health plan. For 2010, $1.1 million (GF) and $1.8 million (NGF).
Reflect Governor’s October reductions in agency budgetsReflects the reductions approved by Governor Kaine in October 2008 for 2009 and the corresponding continuation of savings in 2010. See Part D of this document for reduction details. For 2009, a decrease of $10.6 million (GF). For 2010, a decrease of $22.8 million (GF).
Implement targeted reductionsImplements targeted reductions for 2009 and 2010 included in Governor Kaine's 2008-2010 Budget Reduction Plan. Reduction details can be found in Part D of this document. For 2010, a decrease of $325,763 (GF).
Capital Totals for the Biennium
|$ 0||$ 0||$ 9,616,000|
Recommended Capital Budget Addenda
Construct Arts and Sciences BuildingProvides funds to furnish and equip the Arts and Sciences Building due to be completed in the winter of 2009. The facility will provide a 108,000 square foot facility of new academic precinct space, including required acquisitions; a road crossing; and parking, as well as the infrastructure required to support the project. The new space will include classrooms, faculty and departmental office space, meeting and work space, and support areas. The project will be funded through general fund supported 9(d) bonds issued by the Virginia College Building Authority under the Twenty-First Century College Program. For the biennium, $716,000 (NGF).
Construct Alderman Road housing, phase IIProvides funding to construct the second and third residence halls in the Alderman Road Housing replacement project to accommodate up to 462 beds. The project is scheduled to open in the fall 2011 and 2012. The existing residence halls are 40-45 years old and in need of repairs and renovations extensive enough to warrant replacing the facilities. For the biennium, $8.9 million (NGF).
Budget Reduction Strategies
October Reduction Strategies
Implement higher education savings strategies
Institutions of higher education will implement strategies to capture savings through administrative streamlining, implementing program efficiencies and realignment. When identifying areas of savings, consideration will be given to preserving the core mission of the institution to ensure the delivery of quality instruction and student services. Included in this recommendation are estimated position reductions and layoffs for the University of Virginia. The institution will identify specific position reductions and layoffs upon approval of a final reduction plan by the Board of Visitors.
FY 2009 FY 2010 General Fund Savings $ (10,619,554) $ (22,756,186)
December Reduction Strategies
Remove additional funding for pay practices
Removes the half-percent pay practices funding granted to Executive branch agencies in the 2006-08 biennium.
FY 2009 FY 2010 General Fund Savings $ 0 $ (325,763)
Revert nongeneral fund cash balances
Reverts excess nongeneral fund cash balances.
FY 2009 FY 2010 Revenue / Transfers $ 0 $ 8,900,000