The 2009 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 | $ 221,143,304 | $ 657,667,701 | 5,182.09 |
| 2009 Addenda | $ (10,136,449) | $ 3,000,000 | 0.00 |
| 2009 Total | $ 211,006,855 | $ 660,667,701 | 5,182.09 |
| 2010 Base Budget | $ 220,026,304 | $ 664,219,660 | 5,182.09 |
| 2010 Addenda | $ (26,984,545) | $ 23,000,000 | 118.00 |
| 2010 Total | $ 193,041,759 | $ 687,219,660 | 5,300.09 |
Recommended Operating Budget Addenda
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Adjust nongeneral fund appropriation to reflect additional positions and tuition and fee revenueProvides additional nongeneral fund appropriation and positions to support educational and general program activities and to begin to meet the University's need-based financial aid requirements pursuant to Chapter 616, 2008 Acts of Assembly (the VCU Management Agreement). For 2009, $3.0 million (NGF). For 2010, $23.0 million (NGF) and an increase of 118 positions.
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Transfer funding from the Commonwealth Autism Service at Virginia Commonwealth University to the Department of Mental Health, Mental Retardation and Substance Abuse ServicesTransfers funding from the Commonwealth Autism Program at Virginia Commonwealth University to the Department of Mental Health, Mental Retardation and Substance Abuse Services (DMHMRSAS). The Commonwealth Autism Program will provide guidance and expertise to DMHMRSAS as it begins to coordinate services for people with developmental disabilities, including autism spectrum disorder. The transfer will allow for better coordination of autism assessments and services in Virginia. For 2010, a decrease of $940,000 (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 $10.1 million (GF). For 2010, a decrease of $30.1 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 $281,463 (GF).
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Increase undergraduate student financial assistanceIncreases funding for need-based financial aid for in-state undergraduate students. For 2010, $4.3 million (GF).
Capital Totals for the Biennium
| General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
|---|---|---|
| $ 0 | $ 3,331,000 | $ 72,757,000 |
Recommended Capital Budget Addenda
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Construct new School of MedicineProvides 9(d) revenue bond appropriation for the construction of the new School of Medicine Building. The facility will provide a 200,000 square feet, 12-story structure that will allow VCU to address the education, training, and research needs in medicine, pharmacy, and other health sciences professions. The project also includes funding for the demolition of A.D. Williams. The project will be funded through 9(d) revenue bonds issued by the Virginia College Building Authority. For the biennium, $58.4 million (NGF).
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Construct Massey Cancer Center Laboratory SupportProvides 9(d) revenue bond appropriation for renovation of the Massey Cancer Center Laboratory Support. The project will renovate approximately 10,500 square feet of existing laboratory space on the second floor of the Massey Cancer Center into state-of-the-art vivarium space. The project will be funded through 9(d) revenue bonds issued by the Virginia College Building Authority. For the biennium, $5.0 million (NGF).
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Construct West Grace Street parking deckProvides additional 9(d) revenue bond authority to construct a new five story, 575-car, 280,000 square foot parking deck that bridges over an existing city street. The ground floor includes approximately 20,000 square feet of retail space. This amendment also changes the project title to "Construct West Grace Street Parking Deck." The project will be funded through 9(d) revenue bonds issued by the Virginia College Building Authority. For the biennium, $12.6 million (NGF).
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 Virginia Commonwealth University. 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 $ (10,136,449) $ (30,100,797)
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 $ (281,463)