The 2013 Executive Budget Document
Virginia Polytechnic Institute and State University [ http://www.vt.edu/ ]Mission Statement
The Virginia Polytechnic Institute and State University is a public land-grant university serving the Commonwealth of Virginia, the nation, and the world community. The discovery and dissemination of new knowledge are central to its mission. Through its focus on teaching and learning, research, and outreach, the university creates, conveys, and applies knowledge to expand personal growth and opportunity, advance social and community development, foster economic competitiveness, and improve the quality of life.Operating Budget Summary
|General Fund||Nongeneral Fund||Personnel Cost|
|2009 Appropriation||$ 191,440,256||$ 752,424,246||$ 606,409,860|
|2010 Appropriation||$ 168,702,035||$ 784,574,246||$ 630,470,656|
|2011 Appropriation||$ 166,174,063||$ 837,513,145||$ 621,878,019|
|2012 Appropriation||$ 153,170,625||$ 816,667,628||$ 622,099,019|
|2013 Addenda||$ 159,705,380||$ 902,476,522||$ 658,926,530|
|2013 Addenda||$ 0||$ 31,054,796||$ 12,478,552|
|2013 Total||$ 159,705,380||$ 933,531,318||$ 671,405,082|
|2014 Addenda||$ 161,936,169||$ 905,262,898||$ 658,926,530|
|2014 Addenda||$ 3,034,857||$ 31,054,796||$ 12,478,552|
|2014 Total||$ 164,971,026||$ 936,317,694||$ 671,405,082|
|General Fund||Nongeneral Fund||Total Positions|
Capital Totals for the Biennium
|$ 0||$ 3,000,000||$ 11,000,000|
Recommended Operating Budget Addenda
Provide assistance for the general fund portion of agency Line of Duty Act costsProvides additional funding to cover the general fund share of Line of Duty Act costs for state agencies.
FY 2013 FY 2014 General Fund $ 0 $ 4,215
Provide support to 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 additional undergraduate degrees by 2025 in order to keep the Commonwealth economically competitive, both nationally and internationally. The funding is also intended to slow the rising costs of tuition and fees in order to keep higher education both affordable and accessible.
FY 2013 FY 2014 General Fund $ 0 $ 3,030,642
Increase nongeneral fund appropriation to reflect additional tuition and fee revenueAdjusts the appropriation for tuition and fee revenue, previously approved by the Board of Visitors, to support the university's educational and general programs.
FY 2013 FY 2014 Nongeneral Fund $ 14,936,452 $ 14,936,452
Increase nongeneral fund appropriation to reflect additional surplus property revenuesAdjusts the nongeneral fund appropriation to reflect a projected increase in surplus property expenditures.
FY 2013 FY 2014 Nongeneral Fund $ 150,000 $ 150,000
Increase nongeneral fund appropriation to reflect additional auxiliary enterprise revenueAdjusts the auxiliary appropriation to reflect projected expenditure activity in food services, parking, telecommunications, intercollegiate athletics, and other miscellaneous operating costs.
FY 2013 FY 2014 Nongeneral Fund $ 15,968,344 $ 15,968,344