The 2011 Executive Budget Document
Virginia Commonwealth University [ http://www.vcu.edu/ ]Mission Statement
Virginia Commonwealth University is a public, urban, research university, supported by Virginia to serve the people of the state and the nation. The university provides a fertile and stimulating environment for learning, teaching, research, creative expression, and public service.Operating Budget Summary
|General Fund||Nongeneral Fund||Personnel Cost|
|2007 Appropriation||$ 203,654,925||$ 576,449,507||$ 381,698,881|
|2008 Appropriation||$ 214,709,314||$ 614,720,895||$ 383,211,987|
|2009 Appropriation||$ 211,006,855||$ 660,667,701||$ 428,574,981|
|2010 Appropriation||$ 184,466,661||$ 687,219,660||$ 435,853,205|
|2011 Base Budget||$ 182,950,978||$ 722,449,523||$ 560,372,700|
|2011 Addenda||$ 0||$ 34,762,097||$ 27,747,494|
|2011 Total||$ 182,950,978||$ 757,211,620||$ 588,120,194|
|2012 Base Budget||$ 162,757,953||$ 699,288,602||$ 544,858,170|
|2012 Addenda||$ 5,000,000||$ 17,175,399||$ 0|
|2012 Total||$ 167,757,953||$ 716,464,001||$ 544,858,170|
|General Fund||Nongeneral Fund||Total Positions|
|2011 Base Budget||1,507.80||3,792.29||5,300.09|
|2012 Base Budget||1,507.80||3,792.29||5,300.09|
Capital Totals for the Biennium
|$ 3,300,000||$ 11,351,000||$ 92,091,000|
Recommended Operating Budget Addenda
Adjust funding to support Massey Cancer CenterIncreases funding at Massey Cancer Center to support research activities. The increased funding will help Massey Cancer Center to expand and strengthen its basic, clinical and prevention and control research, to meet the National Cancer Institute's requirements for comprehensive designation.
FY 2011 FY 2012 General Fund $ 0 $ 5,000,000
Adjust nongeneral fund appropriation authority to reflect current tuition, fees and enrollment growth revenueIncreases the nongeneral fund appropriation to account for revenue generated from increases in tuition and fees to support enrollment growth and other educational and general program activities.
FY 2011 FY 2012 Nongeneral Fund $ 34,350,798 $ 17,175,399
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 $ 411,299 $ 0
Recommended Capital Budget Addenda
Acquire and Renovate BioTech IProvides nongeneral funds to renovate and upgrade research facilities to help the university remain competitive. Virginia Commonwealth University will acquire the Biotech I facility and associated property from the Virginia Biotechnology Research Partnership Authority. The Biotech Center will be leased through a long-term arrangement with the Authority. Biotech I will continue to be used primarily for research and research-related activities. The university will refinance the purchase of the facility and provide sufficient funds to renovate the first and third floors for additional office, classroom and dry lab research space. The project will be financed through the issuance of 9(d) bonds under the Virginia College Building Authority's pooled bond program. The debt service will be paid from indirect cost recoveries.
FY 2011 FY 2012 Bond Proceeds 12955000 0
Acquire PropertyReimburse the university for the transfer of property to a local government.
FY 2011 FY 2012 General Fund 0 3300000
Construct West Grace Street Housing NorthProvides for the construction of approximately 140,200 square feet of dormitory space on West Grace Street to house 392 students in one, two and four bedroom units. In addition, approximately 6,300 square feet of ground floor space will be used for retail and administrative space. The project will be financed through the issuance of 9(c) revenue bonds. Debt service wil be paid from housing revenues.
FY 2011 FY 2012 Bond Proceeds 33763000 0