The 2011 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||$ 43,638,305||$ 192,982,313||$ 138,465,771|
|2011 Base Budget||$ 42,893,893||$ 205,291,639||$ 144,014,165|
|2011 Addenda||$ 0||$ 15,577,562||$ 6,000,000|
|2011 Total||$ 42,893,893||$ 220,869,201||$ 150,014,165|
|2012 Base Budget||$ 38,257,252||$ 198,588,864||$ 138,115,816|
|2012 Addenda||$ 0||$ 15,518,178||$ 6,000,000|
|2012 Total||$ 38,257,252||$ 214,107,042||$ 144,115,816|
|General Fund||Nongeneral Fund||Total Positions|
|2011 Base Budget||542.66||868.96||1,411.62|
|2012 Base Budget||542.66||868.96||1,411.62|
Capital Totals for the Biennium
|$ 0||$ 0||$ 47,599,000|
Recommended Operating Budget Addenda
Increase construction scope for Cooling Plant and Utility Improvements, Phase IIIIncreases the construction scope of the project from the originally approved 21 buildings to all 27 buildings in the college's historic campus area so as to benefit from current market conditions. All of the construction will be accomplished within the current budget for the project.
Adjust nongeneral fund appropriation to accurately reflect student financial assistanceAdjusts the institution's budget to more accurately reflect federal funding for student financial aid.
FY 2011 FY 2012 Nongeneral Fund $ (81,822) $ (81,822)
Adjust nongeneral fund appropriation to accurately reflect tuition and fee revenueIncreases tuition revenue projections to provide an appropriation that more accurately reflects tuition and fee revenue collections resulting from increased enrollment and tuition rates at the various schools, especially business and law.
FY 2011 FY 2012 Nongeneral Fund $ 15,600,000 $ 15,600,000
Adjust State Fiscal Stabilization Fund appropriationAdjusts the State Fiscal Stabilization Fund of the American Recovery and Reinvestment Act of 2009, due to technical revisions based on the U.S. Department of Education guidelines and the final actions of the 2010 General Assembly. These funds are used to support educational and general programs and student financial assistance.
FY 2011 FY 2012 Nongeneral Fund $ 59,384 $ 0