The 2012 Executive Budget Document
Virginia Military Institute
[
http://www.vmi.edu/
]
Mission Statement
The Virginia Military Institute produces educated, honorable men and women, prepared for the varied work of civil life, imbued with love of learning, confident in the functions and attitudes of leadership, possessing a high sense of public service, advocates of the American Democracy and free enterprise system, and ready as citizen-soldiers to defend their country in a time of national peril. To accomplish this result, the Virginia Military Institute shall provide to qualified young men and women undergraduate education of highest quality -- embracing engineering, science, and the arts -- conducted in, and facilitated by, the unique VMI system of military discipline.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 13,777,002 | $ 46,232,004 | $ 31,838,480 |
| 2010 Appropriation | $ 12,367,108 | $ 46,232,004 | $ 31,838,480 |
| 2011 Appropriation | $ 12,196,900 | $ 52,401,677 | $ 27,255,710 |
| 2012 Appropriation | $ 11,245,216 | $ 50,432,004 | $ 27,255,710 |
| 2013 Base Budget | $ 11,245,216 | $ 50,432,004 | $ 26,499,156 |
| 2013 Addenda | $ 838,199 | $ 4,117,604 | $ 304,879 |
| 2013 Total | $ 12,083,415 | $ 54,549,608 | $ 26,804,035 |
| 2014 Base Budget | $ 11,245,216 | $ 50,432,004 | $ 26,499,156 |
| 2014 Addenda | $ 839,337 | $ 4,117,604 | $ 304,879 |
| 2014 Total | $ 12,084,553 | $ 54,549,608 | $ 26,804,035 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 185.71 | 278.06 | 463.77 |
| 2010 Appropriation | 185.71 | 278.06 | 463.77 |
| 2011 Appropriation | 185.71 | 278.06 | 463.77 |
| 2012 Appropriation | 185.71 | 278.06 | 463.77 |
| 2013 Base Budget | 185.71 | 278.06 | 463.77 |
| 2013 Addenda | 0.00 | 0.00 | 0.00 |
| 2013 Total | 185.71 | 278.06 | 463.77 |
| 2014 Base Budget | 185.71 | 278.06 | 463.77 |
| 2014 Addenda | 0.00 | 0.00 | 0.00 |
| 2014 Total | 185.71 | 278.06 | 463.77 |
Recommended Operating Budget Addenda
-
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 $ 99,275 $ 99,275 Nongeneral Fund $ 205,604 $ 205,604
-
Increase nongeneral fund appropriationIncreases funding for education and general programs based on increased enrollment.
FY 2013 FY 2014 Nongeneral Fund $ 2,409,000 $ 2,409,000
-
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 $ 2,965 $ 4,103
-
Increase appropriation for auxiliary enterprisesIncreases nongeneral fund appropriation for auxiliary enterprises.
FY 2013 FY 2014 Nongeneral Fund $ 1,503,000 $ 1,503,000
-
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 $ 735,959 $ 735,959