The 2012 Executive Budget Document
Virginia Commonwealth University
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http://www.vcu.edu/
]
Mission Statement
Virginia Commonwealth University is a public, urban, research university, supported by Virginia to serve the people of the state and the nation. The university provides a fertile and stimulating environment for learning, teaching, research, creative expression, and public service.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 211,006,855 | $ 660,667,701 | $ 454,511,256 |
| 2010 Appropriation | $ 184,466,661 | $ 687,219,660 | $ 461,789,480 |
| 2011 Appropriation | $ 182,964,379 | $ 760,511,620 | $ 588,120,194 |
| 2012 Appropriation | $ 171,074,197 | $ 736,939,400 | $ 544,858,170 |
| 2013 Base Budget | $ 171,074,197 | $ 736,939,400 | $ 584,196,480 |
| 2013 Addenda | $ 10,634,827 | $ 27,192,814 | $ 20,810,849 |
| 2013 Total | $ 181,709,024 | $ 764,132,214 | $ 605,007,329 |
| 2014 Base Budget | $ 171,074,197 | $ 736,939,400 | $ 584,196,480 |
| 2014 Addenda | $ 10,400,220 | $ 27,192,814 | $ 20,810,849 |
| 2014 Total | $ 181,474,417 | $ 764,132,214 | $ 605,007,329 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 1,507.80 | 3,674.29 | 5,182.09 |
| 2010 Appropriation | 1,507.80 | 3,792.29 | 5,300.09 |
| 2011 Appropriation | 1,507.80 | 3,792.29 | 5,300.09 |
| 2012 Appropriation | 1,507.80 | 3,792.29 | 5,300.09 |
| 2013 Base Budget | 1,507.80 | 3,792.29 | 5,300.09 |
| 2013 Addenda | 0.00 | 0.00 | 0.00 |
| 2013 Total | 1,507.80 | 3,792.29 | 5,300.09 |
| 2014 Base Budget | 1,507.80 | 3,792.29 | 5,300.09 |
| 2014 Addenda | 0.00 | 0.00 | 0.00 |
| 2014 Total | 1,507.80 | 3,792.29 | 5,300.09 |
Capital Totals for the Biennium
| General Fund 2012-14 Biennium |
Nongeneral Fund 2012-14 Biennium |
Debt 2012-14 Biennium |
|---|---|---|
| $ 0 | $ 0 | $ 30,000,000 |
Recommended Operating Budget Addenda
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Move financial aid funding between programsTransfers nongeneral fund appropriation from Educational and General programs to Student Financial Assistance to more accurately reflect aid to students.
-
Adjust nongeneral fund appropriation authority to reflect additional eminent scholars revenueAdjusts the nongeneral fund appropriation authority to reflect additional support for the eminent scholars program.
FY 2013 FY 2014 Nongeneral Fund $ 300,000 $ 300,000
-
Realign portion of Virginia Retirement System benefitsTransfers funding from one subobject to another to accurately reflect the funds in the new subobject to cover the five percent portion of the Virginia Retirement System benefits now being paid by employees.
-
Adjust funding to reflect changes in rent charges at the seat of governmentProvides additional funding to cover the general fund share of increased rent charges at the seat of government. The rent rate increase, the first in six years, results from additional costs to maintain facilities.
FY 2013 FY 2014 General Fund $ 13,956 $ 18,607
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Increase in tuition revenue based on FY12 tuition ratesAdjusts the nongeneral fund appropriation authority to reflect additional tuition and fee revenue to support instructional programs.
FY 2013 FY 2014 Nongeneral Fund $ 14,949,910 $ 14,949,910
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Reallocation of appropriation among program codesRealigns subobjects within the base budget to more accurately reflect the University's internal budget.
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Provide plannning funds for the Virginia Treatment Center for ChildrenProvides funding to plan for the replacement of the Virginia Treatment Center for Children. The University will transfer funds to the Virginia Commonwealth University Health System for the project to be completed.
FY 2013 FY 2014 General Fund $ 250,000 $ 0
-
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 $ 11,455 $ 22,197
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Correct fund on work study and debt service allotmentsAligns funding to reflect revised appropriation estimates for federal work study and debt service payments.
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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 $ 1,146,412 $ 1,146,412 Nongeneral Fund $ 1,253,932 $ 1,253,932
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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 $ 8,963,004 $ 8,963,004
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Adjust nongeneral fund appropriation authority to reflect additional tuition and fee revenueAdjusts the nongeneral fund appropriation authority to reflect additional tuition and fee revenue.
FY 2013 FY 2014 Nongeneral Fund $ 7,388,972 $ 7,388,972
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Provides funding to support the operations of the Biotechnology Research ParkProvides funding to support operations of the Virginia Biotechnology Research Park.
FY 2013 FY 2014 General Fund $ 250,000 $ 250,000
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Provide additional appropriation for hospital servicesAdjusts the nongeneral fund appropriation authority to reflect additional revenue to support internal service agreements between the health system and the university.
FY 2013 FY 2014 Nongeneral Fund $ 3,300,000 $ 3,300,000
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Transfer appropriation authority between programsTransfers nongeneral fund appropriation authority for the university's Qatar campus from educational and general programs to operation of higher education centers program. The transfer will allow for the Qatar campus activities to be tracked separately from other educational and general programs.
Recommended Capital Budget Addenda
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Construct Medical College of Virginia campus parking deckProvides for the construction of of a 1,200 car parking deck on the MCV campus. Development of the new Massey Cancer Center Addition and other projects have increased the demand for additional parking. The project will be funded through the issuance of 9(d) revenue bonds.
FY 2011 FY 2012 Bond Proceeds 30000000 0