The 2012 Executive Budget Document
Virginia Polytechnic Institute and State University
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http://www.vt.edu/
]
Mission Statement
The Virginia Polytechnic Institute and State University is a public land-grant university serving the Commonwealth of Virginia, the nation, and the world community. The discovery and dissemination of new knowledge are central to its mission. Through its focus on teaching and learning, research, and outreach, the university creates, conveys, and applies knowledge to expand personal growth and opportunity, advance social and community development, foster economic competitiveness, and improve the quality of life.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 191,440,256 | $ 752,424,246 | $ 611,981,190 |
| 2010 Appropriation | $ 168,702,035 | $ 784,574,246 | $ 636,041,986 |
| 2011 Appropriation | $ 166,174,063 | $ 837,513,145 | $ 621,878,019 |
| 2012 Appropriation | $ 153,170,625 | $ 816,667,628 | $ 622,099,019 |
| 2013 Base Budget | $ 153,170,625 | $ 816,667,628 | $ 622,104,636 |
| 2013 Addenda | $ 8,249,762 | $ 85,808,894 | $ 36,821,894 |
| 2013 Total | $ 161,420,387 | $ 902,476,522 | $ 658,926,530 |
| 2014 Base Budget | $ 153,170,625 | $ 816,667,628 | $ 622,104,636 |
| 2014 Addenda | $ 8,268,102 | $ 85,808,894 | $ 36,821,894 |
| 2014 Total | $ 161,438,727 | $ 902,476,522 | $ 658,926,530 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 1,911.53 | 4,276.45 | 6,187.98 |
| 2010 Appropriation | 1,911.53 | 4,276.45 | 6,187.98 |
| 2011 Appropriation | 1,911.53 | 4,280.45 | 6,191.98 |
| 2012 Appropriation | 1,911.53 | 4,283.45 | 6,194.98 |
| 2013 Base Budget | 1,911.53 | 4,283.45 | 6,194.98 |
| 2013 Addenda | 0.00 | 650.00 | 650.00 |
| 2013 Total | 1,911.53 | 4,933.45 | 6,844.98 |
| 2014 Base Budget | 1,911.53 | 4,283.45 | 6,194.98 |
| 2014 Addenda | 0.00 | 650.00 | 650.00 |
| 2014 Total | 1,911.53 | 4,933.45 | 6,844.98 |
Capital Totals for the Biennium
| General Fund 2012-14 Biennium |
Nongeneral Fund 2012-14 Biennium |
Debt 2012-14 Biennium |
|---|---|---|
| $ 0 | $ 3,000,000 | $ 11,000,000 |
Recommended Operating Budget Addenda
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Align positionsAdjusts the postion level to reflect actual filled positons.
FY 2013 FY 2014 Authorized Positions $ 650 $ 650
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Adjust nongeneral fund appropriation to reflect increased auxiliary enterprise revenuesAdjusts appropriation authority to reflect increased funding for auxiliary enterprise programs.
FY 2013 FY 2014 Nongeneral Fund $ 14,499,778 $ 14,499,778
-
Adjust funding to reflect changes in information technology and telecommunication chargesAdjusts the agency's budget for the general fund share of information technology and telecommunication charges based on changes in utilization, services, and rate changes approved by the Joint Legislative Audit and Review Commission on July 1, 2010, and September 1, 2011.
FY 2013 FY 2014 General Fund $ 863 $ 863
-
Align appropriation authority for continuing education programsAdjusts nongeneral fund appropriation authority to reflect additional continuing education revenue.
FY 2013 FY 2014 Nongeneral Fund $ 130,829 $ 130,829
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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 $ 6,947,506 $ 6,947,506
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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 General Fund $ 1,338,076 $ 1,338,076 Nongeneral Fund $ 2,533,795 $ 2,533,795
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Align appropriationAdjusts the nongeneral fund appropriation authority to reflect additional revenue from tuition and fees to support the instructional program.
FY 2013 FY 2014 Nongeneral Fund $ 23,369,002 $ 23,369,002
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Adjust nongeneral fund appropriation for Equine Medical CenterAdjusts appropriation authority to reflect patient revenue from the Equine Center and the Veterinary Medicine program.
FY 2013 FY 2014 Nongeneral Fund $ 733,000 $ 733,000
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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 $ (36,683) $ (18,343)
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Adjust nongeneral fund appropriation to reflect additional tuition and fee revenueAdjusts appropriation authority to reflect additional tuition and fee revenue from enrollment and continuing education programs.
FY 2013 FY 2014 Nongeneral Fund $ 8,650,000 $ 8,650,000
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Align appropriation for sponsored programsAdjusts the nongeneral fund appropriation authority to more accurately align resources to support the university's grant and contract activity.
FY 2013 FY 2014 Nongeneral Fund $ 35,892,490 $ 35,892,490
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Align funding within service areasAdjusts the budget detail to more accurately reflect budget with the university's internal budget.
Recommended Capital Budget Addenda
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Construct Veterinary Medicine Instruction AdditionProvides for the construction of a 24,000 square foor addition for faculty office, related workspace, classrooms and teaching labs. The existing office space to be vacated will be renovated for faculty office space meeting university space standards as part of the project to minimize the amount of new construction to accommodate expanding its faculty for clinical and outreach programs. The current veterinary clinic has outgrown the office space planned in the 1960s and recruitment of new faculty is difficult because of the ill-suited space. Existing large classrooms are over scheduled and a large new classroom and specialized teaching lab with lab support spaces are required to meet expanding class offerings. The project will be financed through the issuance of 9(d) bonds under the Virginia College Building Authority's pooled bond program and nongeneral funds.
FY 2011 FY 2012 Nongeneral Fund 3000000 0 Bond Proceeds 11000000 0