The 2012 Executive Budget Document
Longwood University
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http://www.longwood.edu/
]
Mission Statement
Longwood University is dedicated to the development of citizen leaders who are prepared to make positive contributions to the common good of society. Building upon its strong foundation in the liberal arts and sciences, the University provides an environment in which exceptional teaching fosters student learning, scholarship, and achievement. As the only four-year public institution in south central Virginia, Longwood University serves as a catalyst for regional prosperity and advancement.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 30,109,847 | $ 60,257,763 | $ 48,209,688 |
| 2010 Appropriation | $ 27,574,095 | $ 71,103,153 | $ 48,209,688 |
| 2011 Appropriation | $ 27,378,757 | $ 77,880,102 | $ 50,506,660 |
| 2012 Appropriation | $ 25,536,918 | $ 74,584,436 | $ 50,751,378 |
| 2013 Base Budget | $ 25,536,918 | $ 74,584,436 | $ 50,244,961 |
| 2013 Addenda | $ 1,571,051 | $ 164,233 | $ 503,928 |
| 2013 Total | $ 27,107,969 | $ 74,748,669 | $ 50,748,889 |
| 2014 Base Budget | $ 25,536,918 | $ 74,584,436 | $ 50,244,961 |
| 2014 Addenda | $ 1,572,946 | $ 164,233 | $ 503,928 |
| 2014 Total | $ 27,109,864 | $ 74,748,669 | $ 50,748,889 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 268.89 | 371.67 | 640.56 |
| 2010 Appropriation | 271.89 | 371.67 | 643.56 |
| 2011 Appropriation | 272.89 | 428.67 | 701.56 |
| 2012 Appropriation | 274.89 | 441.67 | 716.56 |
| 2013 Base Budget | 274.89 | 441.67 | 716.56 |
| 2013 Addenda | 8.00 | 4.00 | 12.00 |
| 2013 Total | 282.89 | 445.67 | 728.56 |
| 2014 Base Budget | 274.89 | 441.67 | 716.56 |
| 2014 Addenda | 9.00 | 4.00 | 13.00 |
| 2014 Total | 283.89 | 445.67 | 729.56 |
Recommended Operating Budget Addenda
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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 $ (18,016) $ (16,121)
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Transfer funds among programsRealigns operating plan to appropriately reflect spending requirements of the agency.
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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 $ 1,403,734 $ 1,403,734
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Adjust nongeneral fund appropriation to accurately reflect programmatic expendituresRealigns operating plan to appropriately reflect spending requirements of the agency.
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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 $ 185,333 $ 185,333 Nongeneral Fund $ 164,233 $ 164,233
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Increase positions in various nongeneral fund programsProvides additional positions to support academic and student support services. These positions are funded with revenues from enrollment growth.
FY 2013 FY 2014 Authorized Positions $ 12 $ 13