The 2012 Executive Budget Document
The College of William and Mary in Virginia
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http://www.wm.edu/
]
Mission Statement
The College of William and Mary in Virginia provides a broad liberal education in a stimulating academic environment enhanced by a talented and diverse student body. Effective instruction encourages the intellectual development of both student and teacher. Quality research supports the educational program by introducing students to the challenge and excitement of original discovery, and is a source of the knowledge and understanding required for societal improvement. Through public and community service, the university fulfills its responsibility to the Commonwealth’s citizens as well as to the national and international communities.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 48,940,692 | $ 191,114,783 | $ 147,151,085 |
| 2010 Appropriation | $ 43,638,305 | $ 192,982,313 | $ 152,596,805 |
| 2011 Appropriation | $ 42,893,893 | $ 220,869,201 | $ 150,014,165 |
| 2012 Appropriation | $ 39,161,091 | $ 214,107,042 | $ 144,715,816 |
| 2013 Base Budget | $ 39,161,091 | $ 214,107,042 | $ 139,954,626 |
| 2013 Addenda | $ 1,793,727 | $ 18,480,810 | $ 6,496,514 |
| 2013 Total | $ 40,954,818 | $ 232,587,852 | $ 146,451,140 |
| 2014 Base Budget | $ 39,161,091 | $ 214,107,042 | $ 139,954,626 |
| 2014 Addenda | $ 1,798,040 | $ 18,474,872 | $ 6,496,514 |
| 2014 Total | $ 40,959,131 | $ 232,581,914 | $ 146,451,140 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 542.66 | 859.79 | 1,402.45 |
| 2010 Appropriation | 542.66 | 859.79 | 1,402.45 |
| 2011 Appropriation | 542.66 | 868.96 | 1,411.62 |
| 2012 Appropriation | 542.66 | 868.96 | 1,411.62 |
| 2013 Base Budget | 542.66 | 868.96 | 1,411.62 |
| 2013 Addenda | 0.00 | 0.00 | 0.00 |
| 2013 Total | 542.66 | 868.96 | 1,411.62 |
| 2014 Base Budget | 542.66 | 868.96 | 1,411.62 |
| 2014 Addenda | 0.00 | 0.00 | 0.00 |
| 2014 Total | 542.66 | 868.96 | 1,411.62 |
Capital Totals for the Biennium
| General Fund 2012-14 Biennium |
Nongeneral Fund 2012-14 Biennium |
Debt 2012-14 Biennium |
|---|---|---|
| $ 0 | $ 0 | $ 17,000,000 |
Recommended Operating Budget Addenda
-
Increase nongeneral fund appropriation to reflect increased debt service payments on educational and general facilitiesIncreases appropriation necessary to address debt service associated with increased principal and interest payments for educational and general facilities.
FY 2013 FY 2014 Nongeneral Fund $ 4,189,465 $ 4,183,527
-
Increase nongeneral fund appropriation to reflect increased debt service payments for auxiliary services capital projects funded by specific student fee revenueAdjusts the appropriation needed to pay debt service associated with the institution's cooling plant and utilities project.
FY 2013 FY 2014 Nongeneral Fund $ 1,077,674 $ 1,077,674
-
Fund changes in state employee workers' compensation premiumsAdjusts the agency's budget for the general fund share of state employee workers' compensation premiums based on the allocation of FY 2013 and FY 2014 program costs provided by the Department of Human Resource Management. The allocation is based on the historical experience of the agency and reflects the current policy of providing agencies with 50 percent of any increased costs and allowing agencies to retain 50 percent of any reduced costs.
FY 2013 FY 2014 General Fund $ 24,527 $ 28,840
-
Increase nongeneral fund appropriation to accurately reflect tuition and fee revenueIncreases appropriation to reflect the budget approved by the Board of Visitors to support the institution's educational and general programs.
FY 2013 FY 2014 Nongeneral Fund $ 4,132,669 $ 4,132,669
-
Increase nongeneral fund appropriation to reflect increased debt service payments for educational and general capital projects funded by specific student fee revenueAdjusts the appropriation needed to pay debt service associated with several of the institution's educational and general capital projects.
FY 2013 FY 2014 Nongeneral Fund $ 1,345,242 $ 1,345,242
-
Increase nongeneral fund appropriation authority to reflect additional tuition revenue to support student financial assistanceAdjusts the institution's budget to increase the 2012-2014 base for student financial aid.
FY 2013 FY 2014 Nongeneral Fund $ 5,600,000 $ 5,600,000
-
Distribute Central Appropriation amounts to agency budgetsAdjusts the institution's 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 General Fund $ 311,358 $ 311,358 Nongeneral Fund $ 541,725 $ 541,725
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Fund higher education institutions to achieve the goals of the Virginia Higher Education Opportunity Act of 2011Provides funding to higher education institutions in support of achieving the goals of the Virginia Higher Education Opportunity Act of 2011 (Top Jobs Act). The Top Jobs Act strives to incentivize higher education institutions to educate and graduate more Virginians, while encouraging more graduates in the sciences, technology, engineering, math and health care fields, as well as supporting underrepresented students to graduate from higher education institutions. The goal is to achieve 100,000 degrees over the next 15 years in order to keep Virginia economically competitive, both nationally and internationally. This funding is also intended to slow the rising costs of tuition and fees in order to keep higher education more affordable.
FY 2013 FY 2014 General Fund $ 1,457,842 $ 1,457,842
-
Adjust nongeneral fund appropriation to increase student financial assistanceIncreases the institution's budget to reflect additional undergraduate and graduate financial aid approved by the Board of Visitors.
FY 2013 FY 2014 Nongeneral Fund $ 1,594,035 $ 1,594,035
Recommended Capital Budget Addenda
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Renovate dormitoriesProvides for exterior and interior repairs to the institution's dormitories to ensure a safe and operational housing environment. The project will be funded from the issuance of 9(c) revenue bonds.
FY 2011 FY 2012 Bond Proceeds 5000000 0
-
Improve auxilliary facilitiesProvides for improvements to various athletic and recreational venues, student centers, dining halls, and other auxiliary facilities. This project will be funded from the issuance of 9(d) revenue bonds.
FY 2011 FY 2012 Bond Proceeds 12000000 0