The 2013 Executive Budget Document
Radford University [ 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||$ 87,093,690|
|2010 Appropriation||$ 50,072,891||$ 106,025,681||$ 87,476,055|
|2011 Appropriation||$ 49,400,574||$ 115,466,939||$ 87,615,338|
|2012 Appropriation||$ 46,812,753||$ 112,604,917||$ 89,328,092|
|2013 Addenda||$ 49,754,037||$ 119,291,010||$ 84,924,287|
|2013 Addenda||$ 0||$ 6,232,473||$ 2,121,443|
|2013 Total||$ 49,754,037||$ 125,523,483||$ 87,045,730|
|2014 Addenda||$ 50,425,615||$ 122,138,637||$ 86,495,427|
|2014 Addenda||$ 803,993||$ 10,782,473||$ 4,202,774|
|2014 Total||$ 51,229,608||$ 132,921,110||$ 90,698,201|
|General Fund||Nongeneral Fund||Total Positions|
Capital Totals for the Biennium
|$ 0||$ 1,500,000||$ 5,410,000|
Recommended Operating Budget Addenda
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 $ 797,307
Increase nongeneral fund appropriation for auxiliary enterprise and other area service programsProvides additional appropriation for nongeneral fund categories, including auxiliary enterprise funds, surplus property, insurance recovery, and recycled materials.
FY 2013 FY 2014 Nongeneral Fund $ 5,282,473 $ 7,682,473
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 $ 6,686
Provide additional appropriation for education and general programsProvides additional nongeneral fund appropriation for tuition and fees for increased enrollment.
FY 2013 FY 2014 Nongeneral Fund $ 950,000 $ 3,100,000
Recommended Capital Budget Addenda
Convert residence hall renovation to umbrella projectProvides the university flexibility to renovate residence halls when needed.