The 2009 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 | $ 14,759,655 | $ 43,878,669 | 463.77 |
2009 Addenda | $ (982,653) | $ 2,353,335 | 0.00 |
2009 Total | $ 13,777,002 | $ 46,232,004 | 463.77 |
2010 Base Budget | $ 14,759,655 | $ 43,878,669 | 463.77 |
2010 Addenda | $ (1,998,864) | $ 2,353,335 | 0.00 |
2010 Total | $ 12,760,791 | $ 46,232,004 | 463.77 |
Recommended Operating Budget Addenda
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Adjust nongeneral fund appropriation to reflect additional tuition and fee revenueProvides additional funds to support educational and general program activities from tuition and fee charges. For each year, $1.5 million (NGF).
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Increase nongeneral fund appropriation to reflect additional auxiliary enterprise program revenueAdjusts the auxiliary enterprise appropriation to reflect estimated increased expenditure activity. For each year, $456,335 (NGF).
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Adjust nongeneral fund appropriation for Unique Military ActivitiesAdjusts Unique Military Activities appropriation to reflect expected expenditure increases and as a supplant for general fund reductions. For each year, $433,000 (NGF).
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Transfer support from the Tuition Moderation Incentive Fund to the FY 2009 eligible participantsProvides funds for institutions that met the eligibility requirements for the FY 2009 Tuition Moderation Incentive Fund. This transfer represents the institution's amount listed in Chapter 879, 2008 Acts of Assembly. For 2010, $120,000 (GF).
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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 $982,653 (GF). For 2010, a decrease of $2.1 million (GF).
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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 $13,180 (GF).
Budget Reduction Strategies
October Reduction Strategies
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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 Virginia Military Institute. 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 $ (982,653) $ (2,105,684)
December Reduction Strategies
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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 $ (13,180)