The 2012 Executive Budget Document
State Corporation Commission [ http://www.scc.virginia.gov/ ]Mission Statement
The State Corporation Commission is vested with regulatory authority over many business and economic interests in Virginia. These interests are as varied as the SCC's powers, which are delineated by the state constitution and state law. Its authority ranges from setting rates charged by large investor-owned utilities to serving as the central filing agency for corporations in Virginia. The SCC's jurisdiction includes many businesses which directly impact Virginia consumers. The SCC's authority encompasses utilities, insurance, state-chartered financial institutions, securities, retail franchising, and railroads. It is the state's central filing office for corporations, limited partnerships, limited liability companies and Uniform Commercial Code liens. The SCC's structure is unique in that it is organized as a separate department of government with delegated administrative, legislative, and judicial powers. SCC decisions can only be appealed to the Virginia Supreme Court.Operating Budget Summary
|General Fund||Nongeneral Fund||Personnel Cost|
|2009 Appropriation||$ 0||$ 86,288,731||$ 41,698,085|
|2010 Appropriation||$ 0||$ 86,288,985||$ 42,744,859|
|2011 Appropriation||$ 0||$ 88,200,490||$ 43,183,911|
|2012 Appropriation||$ 0||$ 88,250,490||$ 43,183,911|
|2013 Base Budget||$ 0||$ 88,250,490||$ 43,183,911|
|2013 Addenda||$ 0||$ 1,161,113||$ 561,113|
|2013 Total||$ 0||$ 89,411,603||$ 43,745,024|
|2014 Base Budget||$ 0||$ 88,250,490||$ 43,183,911|
|2014 Addenda||$ 0||$ 1,161,113||$ 561,113|
|2014 Total||$ 0||$ 89,411,603||$ 43,745,024|
|General Fund||Nongeneral Fund||Total Positions|
|2013 Base Budget||0.00||665.00||665.00|
|2014 Base Budget||0.00||665.00||665.00|
Recommended Operating Budget Addenda
Transfer to the general fund unobligated nongeneral fund balancesTransfers $3.2 million in unobligated nongeneral fund balances to the general fund in FY 2013.
FY 2013 FY 2014 Resources $ 3,200,000 $ 0
Distribute Central Appropriation amounts to agency budgetsAdjusts the agency budget to reflect amounts moved to or from Central Appropriations to cover the costs of items such as changes in retirement and other benefit contribution rates, as well as the distribution of other centrally funded items.
FY 2013 FY 2014 Nongeneral Fund $ 561,113 $ 561,113
Consolidate utility related service areasConsolidates six utility related service areas into one overarching service area.
Increase federal trust appropriationIncreases the agency's appropriation to reflect an increase in the level of reimbursement the agency is receiving in the Utility Safety Division.
FY 2013 FY 2014 Nongeneral Fund $ 600,000 $ 600,000