The 2011 Executive Budget Document
Virginia Military Institute [ http://www.vmi.edu/ ]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 Summary
|General Fund||Nongeneral Fund||Personnel Cost|
|2007 Appropriation||$ 15,357,097||$ 36,855,892||$ 25,949,998|
|2008 Appropriation||$ 16,505,706||$ 37,100,147||$ 26,050,350|
|2009 Appropriation||$ 13,777,002||$ 46,232,004||$ 27,624,224|
|2010 Appropriation||$ 12,367,108||$ 46,232,004||$ 27,624,224|
|2011 Base Budget||$ 12,196,900||$ 48,172,759||$ 27,255,710|
|2011 Addenda||$ 0||$ 4,228,918||$ 0|
|2011 Total||$ 12,196,900||$ 52,401,677||$ 27,255,710|
|2012 Base Budget||$ 10,839,130||$ 46,232,004||$ 27,255,710|
|2012 Addenda||$ 0||$ 4,200,000||$ 0|
|2012 Total||$ 10,839,130||$ 50,432,004||$ 27,255,710|
|General Fund||Nongeneral Fund||Total Positions|
|2011 Base Budget||185.71||278.06||463.77|
|2012 Base Budget||185.71||278.06||463.77|
Capital Totals for the Biennium
|$ 0||$ 0||$ 1,542,000|
Recommended Operating Budget Addenda
Adjust nongeneral fund appropriation to reflect additional auxiliary enterprise revenueAdjusts nongeneral fund appropriation to more accurately reflect an increase in auxiliary enterprise revenue due to an increase in cadet enrollment.
FY 2011 FY 2012 Nongeneral Fund $ 1,700,000 $ 1,700,000
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 $ 28,918 $ 0
Adjusts nongeneral fund appropriation for Unique Military Activities programAdjust nongeneral fund revenue to provide an appropriation that more accurately reflect additional revenues generated from an increase in cadet enrollment.
FY 2011 FY 2012 Nongeneral Fund $ 200,000 $ 200,000
Increase appropriation for educational and general programsIncrease tuition revenue projections to provide an appropriation that more accurately reflects tuition and fee renveue collections resulting from increased enrollment and tuition rates.
FY 2011 FY 2012 Nongeneral Fund $ 2,300,000 $ 2,300,000
Recommended Capital Budget Addenda
Construct Lackey ParkingProvides funding for the construction of a 336 space surface parking facility for VMI cadets. This project will be financed through the issuance of 9(d) bonds under the Virginia College Building Authority's pooled bond program.
FY 2011 FY 2012 Bond Proceeds 0 1542000