The 2011 Executive Budget Document
Virginia State University [ http://www.vsu.edu/ ]Mission Statement
Virginia State University promotes and sustains academic programs that integrate instruction, research, and extension/public service in a design most responsive to the needs and endeavors of individuals and groups within its scope of influence. The University is dedicated to the promotion of knowledgeable, perceptive, and humane citizens secure in their self-awareness, equipped for personal fulfillment, sensitive to the needs and aspirations of others, and committed to assuming productive roles in a challenging and ever-changing global society.Operating Budget Summary
|General Fund||Nongeneral Fund||Personnel Cost|
|2007 Appropriation||$ 35,226,314||$ 67,775,131||$ 46,677,157|
|2008 Appropriation||$ 37,187,802||$ 69,353,143||$ 47,176,628|
|2009 Appropriation||$ 36,827,353||$ 80,707,270||$ 48,883,953|
|2010 Appropriation||$ 35,208,828||$ 91,284,023||$ 49,226,656|
|2011 Base Budget||$ 35,206,759||$ 98,147,378||$ 55,581,629|
|2011 Addenda||$ 0||$ 87,583||$ 0|
|2011 Total||$ 35,206,759||$ 98,234,961||$ 55,581,629|
|2012 Base Budget||$ 32,636,576||$ 94,832,982||$ 55,581,629|
|2012 Addenda||$ 0||$ 2,600,000||$ 0|
|2012 Total||$ 32,636,576||$ 97,432,982||$ 55,581,629|
|General Fund||Nongeneral Fund||Total Positions|
|2011 Base Budget||318.37||454.69||773.06|
|2012 Base Budget||318.37||454.69||773.06|
Capital Totals for the Biennium
|$ 0||$ 5,840,000||$ 30,816,000|
Recommended Operating Budget Addenda
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 $ 87,583 $ 0
Increase nongeneral fund appropriation authority to reflect additional grant and contract activityAdjusts the nongeneral fund appropriation for sponsored programs to reflect an increase in federal funds to support student financial assistance and additional grant and contract activity to support research grants.
FY 2011 FY 2012 Nongeneral Fund $ 0 $ 1,500,000
Increase nongeneral fund appropriation authority to reflect additional tuition revenue to support student financial assistanceAdusts the nongeneral fund appropriation for tuition and fee revenue generated to support student financial assistance.
FY 2011 FY 2012 Nongeneral Fund $ 0 $ 1,100,000
Recommended Capital Budget Addenda
Acquire Ettrick PropertyProvides nongeneral fund appropriation to acquire additional real estate for the Multipurpose Center and related university facilities. The project will be financed from auxiliary reserve balances.
FY 2011 FY 2012 Nongeneral Fund 5840000 0
Construct Quad Phase IIProvides for the construction of a new 485-bed residence hall to support a growing on-campus student housing population. As student enrollment continues to grow, there is a demand for additional on-campus housing opportunities. The project will be financed through the issuance of 9(c) revenue bonds. Debt service will be paid from housing revenues.
FY 2011 FY 2012 Bond Proceeds 30816000 0