The 2013 Executive Budget Document
Virginia Commonwealth University [ 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||$ 428,574,981|
|2010 Appropriation||$ 184,466,661||$ 687,219,660||$ 435,853,205|
|2011 Appropriation||$ 182,964,379||$ 760,511,620||$ 588,120,194|
|2012 Appropriation||$ 171,074,197||$ 736,939,400||$ 544,858,170|
|2013 Addenda||$ 182,372,124||$ 764,132,214||$ 605,007,329|
|2013 Addenda||$ 0||$ 62,420,501||$ 31,230,357|
|2013 Total||$ 182,372,124||$ 826,552,715||$ 636,237,686|
|2014 Addenda||$ 185,106,608||$ 765,983,600||$ 605,007,329|
|2014 Addenda||$ 1,768,079||$ 62,420,501||$ 31,230,357|
|2014 Total||$ 186,874,687||$ 828,404,101||$ 636,237,686|
|General Fund||Nongeneral Fund||Total Positions|
Capital Totals for the Biennium
|$ 0||$ 0||$ 30,000,000|
Recommended Operating Budget Addenda
Increase nongeneral fund appropriation to reflect additional auxiliary enterprise revenuesAdjusts the appropriation to cover projected expenditures to support current spending patterns in the auxiliary enterprise programs.
FY 2013 FY 2014 Nongeneral Fund $ 23,415,127 $ 23,415,127
Increase nongeneral fund appropriation for hospital servicesAdjusts appropriation to reflect additional revenue to support internal service agreements between the health system and the university.
FY 2013 FY 2014 Nongeneral Fund $ 2,300,000 $ 2,300,000
Increase nongeneral fund appropriation to reflect additional tuition and fee revenueAdjusts 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 $ 30,411,054 $ 30,411,054
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 $ 7,054
Increase nongeneral fund appropriation for sponsored program debt serviceAdjusts the appropriation needed to pay debt service on three new research buildings that will be completed or renovated during 2014.
FY 2013 FY 2014 Nongeneral Fund $ 6,294,320 $ 6,294,320
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 $ 1,761,025