The 2012 Executive Budget Document
Department of Accounts Transfer Payments [ http://www.doa.virginia.gov/ ]Mission Statement
Provide financial assistance to localities; and administer the Revenue Stabilization Fund, Virginia Education Loan Authority Reserve Fund, and the Line of Duty Act, the state flexible benefits program, and the personal property tax relief program.Operating Budget Summary
|General Fund||Nongeneral Fund||Personnel Cost|
|2009 Appropriation||$ 76,667,430||$ 72,591,775||$ 0|
|2010 Appropriation||$ 54,098,131||$ 72,160,621||$ 0|
|2011 Appropriation||$ 986,405,000||$ 31,299,518||$ 188,000|
|2012 Appropriation||$ 1,124,504,000||$ 36,663,386||$ 188,000|
|2013 Base Budget||$ 1,124,504,000||$ 36,663,386||$ 133,902|
|2013 Addenda||$ 6,324,650||$ 560,275,799||$ 0|
|2013 Total||$ 1,130,828,650||$ 596,939,185||$ 133,902|
|2014 Base Budget||$ 1,124,504,000||$ 36,663,386||$ 133,902|
|2014 Addenda||$ 40,028,135||$ 561,475,799||$ 0|
|2014 Total||$ 1,164,532,135||$ 598,139,185||$ 133,902|
|General Fund||Nongeneral Fund||Total Positions|
|2013 Base Budget||0.00||0.00||0.00|
|2014 Base Budget||0.00||0.00||0.00|
Recommended Operating Budget Addenda
Budget the personal property tax appropriation at the service area levelShifts the personal property tax, or "car tax" appropriation to the service area level. Currently, this appropriation is budgeted at the program level.
Adjust appropriation for recordation tax distribution to reflect historic distribution levelsReturns the appropriation for recordation tax distributions to $40.0 million each year. The 2010-2012 biennium shifted $12.0 million of the annual $40.0 million recordation tax distribution from FY 2011 to FY 2012 to balance cash flow.
FY 2013 FY 2014 General Fund $ (12,000,000) $ (12,000,000)
Adjust aid to locality distributions to reflect forecast updatesAligns appropriation for distributions to localities in accordance with the November 2011 Post-Governor's Advisory Council on Revenue Estimates (GACRE) forecast. Specifically, this request adjusts downward the appropriations for distribution of Tennessee Valley Authority Payments in lieu of taxes and rolling stock taxes by $64,000 and $300,000, respectively.
FY 2013 FY 2014 General Fund $ (364,000) $ (364,000)
Establish appropriation for distribution payments transferred from the Department of TaxationTransfers responsibility for the distribution of the locality portion of the motor vehicle rental tax, the communications sales and use tax, and the payments of sales tax to the Northern Virginia Transportation Commission and the Potomac Rappahannock Transportation Commission from the Department of Taxation (TAX) to the Department of Accounts Transfer Payments. TAX will retain the responsibility for collecting the revenue generated from these taxes and any disbursements to state agencies.
FY 2013 FY 2014 Nongeneral Fund $ 554,600,000 $ 555,800,000
Remove one-time funding for deposit to the Revenue Stabilization FundRemoves appropriation for a one-time reserve deposit to the Revenue Stabilization Fund that was provided in FY 2012.
FY 2013 FY 2014 General Fund $ (114,000,000) $ (114,000,000)
Increase the nongeneral fund appropriation for the state employee flexible benefits programAdjusts the nongeneral fund appropriation for the employee flexible benefits program to reflect accurate expenditures.
FY 2013 FY 2014 Nongeneral Fund $ 5,675,799 $ 5,675,799
Provide general fund appropriation for mandatory deposits to the Revenue Stabilization Fund) for FY 2013 and FY 2014.
FY 2013 FY 2014 General Fund $ 132,688,650 $ 166,392,135