The 2012 Executive Budget Document
Virginia Port Authority [ http://www.portofvirginia.com/ ]Mission Statement
The Port of Virginia (Virginia Port Authority - VPA) fosters and stimulates the commerce of the ports of the Commonwealth, to promote the shipment of goods and cargoes through the ports, to seek to secure necessary improvements to navigable tidal waters within the Commonwealth, and in general perform any act or function which may be useful in developing, improving, or increasing the commerce, both foreign and domestic, of the Ports of the Commonwealth while conducting those activities in an environmentally sensitive and sound manner.Operating Budget Summary
|General Fund||Nongeneral Fund||Personnel Cost|
|2009 Appropriation||$ 950,000||$ 75,008,773||$ 14,329,418|
|2010 Appropriation||$ 356,745||$ 86,523,897||$ 13,755,387|
|2011 Appropriation||$ 950,000||$ 86,584,122||$ 12,538,150|
|2012 Appropriation||$ 950,000||$ 135,234,122||$ 13,538,150|
|2013 Base Budget||$ 950,000||$ 135,234,122||$ 13,126,950|
|2013 Addenda||$ 0||$ 6,808,834||$ 114,015|
|2013 Total||$ 950,000||$ 142,042,956||$ 13,240,965|
|2014 Base Budget||$ 950,000||$ 135,234,122||$ 13,126,950|
|2014 Addenda||$ 0||$ 10,008,834||$ 114,015|
|2014 Total||$ 950,000||$ 145,242,956||$ 13,240,965|
|General Fund||Nongeneral Fund||Total Positions|
|2013 Base Budget||0.00||146.00||146.00|
|2014 Base Budget||0.00||146.00||146.00|
Capital Totals for the Biennium
|$ 0||$ 0||$ 105,500,000|
Recommended Operating Budget Addenda
Provide additional appropriation for leased terminalProvides appropriation for an increase in the rent of a leased terminal.
FY 2013 FY 2014 Nongeneral Fund $ 3,250,000 $ 6,450,000
Transfer environmental services between programsTransfers funding for environmental services between programs and increases the amount appropriated for environmental activities.
FY 2013 FY 2014 Nongeneral Fund $ 69,537 $ 69,537
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 Nongeneral Fund $ 34,297 $ 34,297
Provide additional appropriation for employee health benefitsIncreases appropriation to provide for an increase in employee health benefit costs.
FY 2013 FY 2014 Nongeneral Fund $ 80,000 $ 80,000
Provide federal grant appropriationProvides federal appropriation to expend federal grants during the fiscal year.
FY 2013 FY 2014 Nongeneral Fund $ 3,000,000 $ 3,000,000
Correct debt service appropriationCorrects the fund split used for the Virginia Port Authority's debt service payments.
Update existing debt service requirementsUpdates debt service references with current payment amounts.
Provide appropriation for Port of Richmond leaseProvides appropriation for costs of rental, maintenance, and consulting services related to the lease of the Port of Richmond.
FY 2013 FY 2014 Nongeneral Fund $ 375,000 $ 375,000
Recommended Capital Budget Addenda
Expand Port TerminalsProvides funding to construct an addition to the leased APM terminal and expand the Norfolk International Terminal.
FY 2011 FY 2012 Bond Proceeds 105500000 0