Commonwealth of Virginia 2010 Budget Document: Agency Details

The 2010 Executive Budget Document

The College of William and Mary In Virginia [ http://www.wm.edu/ ]

Mission Statement

The College of William and Mary in Virginia provides a broad liberal education in a stimulating academic environment enhanced by a talented and diverse student body. Effective instruction encourages the intellectual development of both student and teacher. Quality research supports the educational program by introducing students to the challenge and excitement of original discovery, and is a source of the knowledge and understanding required for societal improvement. Through public and community service, the university fulfills its responsibility to the Commonwealth’s citizens as well as to the national and international communities.

Operating Budget Summary

	General Fund	Nongeneral Fund	Personnel Cost
2007 Appropriation	$ 49,760,426	$ 156,538,928	$ 114,497,975
2008 Appropriation	$ 52,220,830	$ 160,411,278	$ 114,497,975
2009 Appropriation	$ 48,940,692	$ 191,114,783	$ 133,020,051
2010 Appropriation	$ 45,081,279	$ 192,982,313	$ 137,702,893

2011 Base Budget	$ 45,081,279	$ 192,982,313	$ 137,702,893
2011 Addenda	$ (2,187,386)	$ 12,309,326	$ 373,506
2011 Total	$ 42,893,893	$ 205,291,639	$ 138,076,399

2012 Base Budget	$ 45,081,279	$ 192,982,313	$ 137,702,893
2012 Addenda	$ (6,824,027)	$ 5,606,551	$ 432,287
2012 Total	$ 38,257,252	$ 198,588,864	$ 138,135,180

Authorized Position Summary

	General Fund	Nongeneral Fund	Total Positions
2007 Appropriation	558.19	856.26	1,414.45
2008 Appropriation	562.26	862.19	1,424.45
2009 Appropriation	542.66	859.79	1,402.45
2010 Appropriation	542.66	859.79	1,402.45

2011 Base Budget	542.66	859.79	1,402.45
2011 Addenda	0.00	9.17	9.17
2011 Total	542.66	868.96	1,411.62

2012 Base Budget	542.66	859.79	1,402.45
2012 Addenda	0.00	9.17	9.17
2012 Total	542.66	868.96	1,411.62

Capital Totals for the Biennium

General Fund 2010-12 Biennium	Nongeneral Fund 2010-12 Biennium	Debt 2010-12 Biennium
$ 2,200,230	$ 0	$ 37,600,000

Recommended Operating Budget Addenda

Distribute Central Appropriations amounts to agency budgets

Adjusts the agency budget to reflect amounts moved to or from Central Appropriations to cover the cost of items such as changes in retirement and other benefit contribution rates, as well as the distribution of other centrally funded items.

		FY 2011		FY 2012
General Fund		($744,412)		($744,412)

Adjust nongeneral fund appropriation to accurately reflect tuition and fee revenue

Increases tuition revenue projections to provide an appropriation that more accurately reflects tuition and fee revenue collections resulting from increased enrollment of out-of-state students in the schools of business and law.

		FY 2011		FY 2012
Nongeneral Fund		$1,800,000		$1,800,000

Adjust nongeneral fund appropriation to reflect additional indirect cost recovery revenues in sponsored programs

Increases appropriation to address additional indirect cost recoveries in sponsored programs.

		FY 2011		FY 2012
Nongeneral Fund		$1,700,000		$1,700,000

Adjust nongeneral fund appropriation to increase student financial assistance

Adjusts the institution's budget to increase the 2010-2012 base for student financial aid.

		FY 2011		FY 2012
Nongeneral Fund		$700,000		$700,000

Increase nongeneral fund appropriation to reflect increased debt service payments

Adjusts the nongeneral fund appropriation needed to pay debt service associated with several of the institution's capital projects.

		FY 2011		FY 2012
Nongeneral Fund		$139,000		$139,000

Implement higher education savings strategies

Implements strategies to capture savings through administrative streamlining, effecting program efficiencies and realignment. When identifying areas of savings, the institutions will give consideration to preserving the core mission to ensure the delivery of quality instruction and student services. A portion of the reductions to higher education institutions will be offset with the use of revenue from the State Fiscal Stabilization Fund of the American Recovery and Reinvestment Act of 2009.

		FY 2011		FY 2012
General Fund		($1,442,974)		($6,079,615)

Support operating and maintenance costs for new facilities

Provides nongeneral fund authority to permit the institution to address some of its operating and maintenance requirements associated with its Small Hall addition/renovation, main power plant addition, new school of education, and career center while using its own resources.

	FY 2011	FY 2012
Nongeneral Fund	$1,086,284	$1,267,551
Authorized Positions	9.17	9.17

Utilize State Fiscal Stabilization Fund for general fund supported programs

Utilizes the State Fiscal Stabilization Fund of the American Recovery and Reinvestment Act of 2009 designated for higher education to support educational and general programs and student financial assistance.

		FY 2011		FY 2012
Nongeneral Fund		$6,884,042		$0

Recommended Capital Budget Addenda

Construct New Dormitory

Provides funding for the construction of a 200 bed dormitory on the main campus to address residential housing requirements. This facility will help the institution fulfill its goal as a residential institution striving to house 75 percent of the undergraduate population. The project will be funded from the issuance of 9(c) revenue bonds.

		FY 2011		FY 2012
Bond Proceeds		$25,800,000		$0

Improve Athletic Facilities

Provides funding for improvements to various athletic facilities, including increased seating at the soccer field, replacement of the William and Mary Hall roof, and improvements to the Zable Stadium concession areas. This project will be funded from the issuance of 9(d) revenue bonds.

		FY 2011		FY 2012
Bond Proceeds		$6,500,000		$0

Reconstruct Ash Lawn-Highland Barn

Provides funding for the reconstruction of an early 19th century threshing barn on President James Monroe's estate. The project will have a period exterior, but a modern interior to provide two-story space for educational programs and various functions. This project will be funded from the issuance of 9(d) revenue bonds.

		FY 2011		FY 2012
Bond Proceeds		$800,000		$0

Renovate Residence Halls

Provides funding to permit the institution to make exterior and interior repairs to its dormitories to ensure a safe and operational housing environment. The project will be funded from the issuance of 9(c) revenue bonds.

		FY 2011		FY 2012
Bond Proceeds		$4,500,000		$0

Revise items to be funded by the American Recovery and Reinvestment Act of 2009

Substitutes general fund dollars for fiscal stabilization funds to ensure that stimulus funds are utilized in a manner consistent with the provisions of state and federal law. Chapter 781 provided fiscal stabilization funds for the completion of detailed planning for the Integrated Science Center, Phase III. Instead, the stabilization funds will be used to support sheriffs' offices. An offsetting amendment is provided in the caboose bill under the Compensation Board.

		FY 2011		FY 2012
General Fund		$2,200,230		$0