The 2012 Executive Budget Document
New College Institute
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http://www.newcollegeinstitute.org/Home.aspx
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Mission Statement
New College Institute (NCI) provides bachelor’s degree-completion programs and graduate degree programs and works to create a college-going culture in Southern Virginia.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 1,373,809 | $ 1,251,217 | $ 22,487 |
| 2010 Appropriation | $ 1,472,238 | $ 1,099,646 | $ 22,487 |
| 2011 Appropriation | $ 1,464,107 | $ 1,099,646 | $ 1,041,063 |
| 2012 Appropriation | $ 1,464,107 | $ 1,099,446 | $ 1,041,063 |
| 2013 Base Budget | $ 1,464,107 | $ 1,099,446 | $ 998,368 |
| 2013 Addenda | $ 6,932 | $ 0 | $ 6,747 |
| 2013 Total | $ 1,471,039 | $ 1,099,446 | $ 1,005,115 |
| 2014 Base Budget | $ 1,464,107 | $ 1,099,446 | $ 998,368 |
| 2014 Addenda | $ 6,948 | $ 0 | $ 6,747 |
| 2014 Total | $ 1,471,055 | $ 1,099,446 | $ 1,005,115 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 9.50 | 0.00 | 9.50 |
| 2010 Appropriation | 11.00 | 0.00 | 11.00 |
| 2011 Appropriation | 11.00 | 2.00 | 13.00 |
| 2012 Appropriation | 11.00 | 2.00 | 13.00 |
| 2013 Base Budget | 11.00 | 2.00 | 13.00 |
| 2013 Addenda | 2.00 | 0.00 | 2.00 |
| 2013 Total | 13.00 | 2.00 | 15.00 |
| 2014 Base Budget | 11.00 | 2.00 | 13.00 |
| 2014 Addenda | 2.00 | 0.00 | 2.00 |
| 2014 Total | 13.00 | 2.00 | 15.00 |
Recommended Operating Budget Addenda
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Increase full time positionsProvides two additional positions to support outreach activities at the New College Institute. No additional funding is required for these positions.
FY 2013 FY 2014 Authorized Positions $ 2 $ 2
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Adjust funding to reflect changes in information technology and telecommunication chargesAdjusts the agency's budget for the general fund share of information technology and telecommunication charges based on changes in utilization, services, and rate changes approved by the Joint Legislative Audit Commission on July 1, 2010, and September 1, 2011.
FY 2013 FY 2014 General Fund $ 252 $ 252
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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 $ 6,506 $ 6,506
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Amend Part IV language for New College InstituteAdjusts language to align compensation of agency head to that of other comparable agencies.
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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 $ 174 $ 190