The 2010 Executive Budget Document
Virginia Museum of Fine Arts
[
http://www.vmfa.state.va.us/
]
Mission Statement
The Virginia Museum of Fine Arts is a state-supported, privately endowed educational institution created for the benefit of the citizens of the Commonwealth of Virginia. Its purpose is to collect, preserve, exhibit, and interpret art, to encourage the study of the arts, and thus to enrich the lives of all.
(Adopted by VMFA Board of Trustees on May 18, 2000.)
Operating Budget Summary
General Fund | Nongeneral Fund | Personnel Cost | |
---|---|---|---|
2007 Appropriation | $ 8,174,477 | $ 8,592,709 | $ 8,713,514 |
2008 Appropriation | $ 9,093,369 | $ 9,107,709 | $ 8,619,514 |
2009 Appropriation | $ 8,860,766 | $ 10,734,570 | $ 10,004,709 |
2010 Appropriation | $ 11,252,169 | $ 10,817,530 | $ 11,257,540 |
2011 Base Budget | $ 11,252,169 | $ 10,817,530 | $ 11,257,540 |
2011 Addenda | $ (1,320,868) | $ 1,642,346 | $ (541,807) |
2011 Total | $ 9,931,301 | $ 12,459,876 | $ 10,715,733 |
2012 Base Budget | $ 11,252,169 | $ 10,817,530 | $ 11,257,540 |
2012 Addenda | $ (1,320,868) | $ 2,185,865 | $ (98,288) |
2012 Total | $ 9,931,301 | $ 13,003,395 | $ 11,159,252 |
General Fund | Nongeneral Fund | Total Positions | |
---|---|---|---|
2007 Appropriation | 106.50 | 53.00 | 159.50 |
2008 Appropriation | 112.50 | 53.00 | 165.50 |
2009 Appropriation | 121.50 | 58.00 | 179.50 |
2010 Appropriation | 133.50 | 58.00 | 191.50 |
2011 Base Budget | 133.50 | 58.00 | 191.50 |
2011 Addenda | (3.00) | 0.00 | (3.00) |
2011 Total | 130.50 | 58.00 | 188.50 |
2012 Base Budget | 133.50 | 58.00 | 191.50 |
2012 Addenda | 0.00 | 0.00 | 0.00 |
2012 Total | 133.50 | 58.00 | 191.50 |
Recommended Operating Budget Addenda
-
Distribute Central Appropriations amounts to agency budgetsAdjusts 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 ($235,003) ($235,003)
-
Provide nongeneral fund appropriation authority to reflect additional earned incomeIncreases the appropriation to reflect a projected increase in earned revenues generated from the opening of the new museum wing.
FY 2011 FY 2012 Nongeneral Fund $1,000,000 $1,100,000
-
Reduce personnel costsReduces personnel costs through institutional reorganization and reductions in hours of work.
FY 2011 FY 2012 General Fund ($443,519) $0 Authorized Positions (3.00) 0.00
-
Supplant general fund reductions with increased nongeneral fundsSupplants general fund reductions with nongeneral revenues generated primarily from increased admissions, memberships, food services and special events after the new museum wing is open to the public.
FY 2011 FY 2012 General Fund ($642,346) ($1,085,865) Nongeneral Fund $642,346 $1,085,865