The 2012 Executive Budget Document
Radford University
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http://www.radford.edu/
]
Mission Statement
Radford University serves the Commonwealth and the nation through a wide range of academic, cultural, human service, and research programs. First and foremost, the university emphasizes teaching, learning, and the process of learning in its commitment to the development of mature, responsible, well-educated citizens. RU develops students' creative and critical thinking skills, teaches students to analyze problems and implement solutions, helps students discover their leadership styles, and fosters their growth as leaders. Research is viewed as a vital corollary to the teaching and learning transaction as it sustains and enhances the ability to teach effectively.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 55,899,132 | $ 102,449,782 | $ 91,506,292 |
| 2010 Appropriation | $ 50,072,891 | $ 106,025,681 | $ 91,888,657 |
| 2011 Appropriation | $ 49,400,574 | $ 115,466,939 | $ 87,615,338 |
| 2012 Appropriation | $ 46,812,753 | $ 112,604,917 | $ 89,328,092 |
| 2013 Base Budget | $ 46,812,753 | $ 112,604,917 | $ 88,725,378 |
| 2013 Addenda | $ 2,983,821 | $ 6,686,093 | $ (3,801,091) |
| 2013 Total | $ 49,796,574 | $ 119,291,010 | $ 84,924,287 |
| 2014 Base Budget | $ 46,812,753 | $ 112,604,917 | $ 88,725,378 |
| 2014 Addenda | $ 2,988,006 | $ 9,186,093 | $ (3,144,759) |
| 2014 Total | $ 49,800,759 | $ 121,791,010 | $ 85,580,619 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 633.91 | 756.13 | 1,390.04 |
| 2010 Appropriation | 633.91 | 756.13 | 1,390.04 |
| 2011 Appropriation | 633.91 | 756.13 | 1,390.04 |
| 2012 Appropriation | 633.91 | 756.13 | 1,390.04 |
| 2013 Base Budget | 633.91 | 756.13 | 1,390.04 |
| 2013 Addenda | 0.00 | 0.00 | 0.00 |
| 2013 Total | 633.91 | 756.13 | 1,390.04 |
| 2014 Base Budget | 633.91 | 756.13 | 1,390.04 |
| 2014 Addenda | 0.00 | 0.00 | 0.00 |
| 2014 Total | 633.91 | 756.13 | 1,390.04 |
Capital Totals for the Biennium
| General Fund 2012-14 Biennium |
Nongeneral Fund 2012-14 Biennium |
Debt 2012-14 Biennium |
|---|---|---|
| $ 0 | $ 1,500,000 | $ 0 |
Recommended Operating Budget Addenda
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Adjust operating plan to accurately reflect programmatic expendituresRealigns operating plan to appropriately reflect spending requirements of the agency.
-
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 $ 10,916 $ 15,101
-
Adjust nongeneral fund appropriation to reflect additional auxiliary enterprise program revenueProvides additional appropriation for revenues resulting from enrollment growth.
FY 2013 FY 2014 Nongeneral Fund $ 1,500,000 $ 4,000,000
-
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 $ 2,765,519 $ 2,765,519
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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 $ 207,386 $ 207,386 Nongeneral Fund $ 194,450 $ 194,450
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Increase nongeneral fund appropriation for educational and general programss nongeneral fund appropriation with the six-year plan.
FY 2013 FY 2014 Nongeneral Fund $ 4,991,643 $ 4,991,643
Recommended Capital Budget Addenda
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Increase nongeneral fund maintenance reserve authorityProvides additional nongeneral fund auxiliary appropriation authority of $1,500,000 to address deferred maintenance needs within various auxiliary buildings at Radford University.
FY 2011 FY 2012 Nongeneral Fund 1500000 0