The 2013 Executive Budget Document
Virginia Economic Development Partnership
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http://www.yesvirginia.org/
]
Mission Statement
The Virginia Economic Development Partnership's (VEDP) mission is to enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby building the tax base and creating higher income employment opportunities.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 16,076,010 | $ 0 | $ 0 |
| 2010 Appropriation | $ 15,006,151 | $ 0 | $ 0 |
| 2011 Appropriation | $ 18,444,647 | $ 0 | $ 0 |
| 2012 Appropriation | $ 18,699,713 | $ 0 | $ 0 |
| 2013 Addenda | $ 17,849,466 | $ 0 | $ 0 |
| 2013 Addenda | $ 0 | $ 0 | $ 0 |
| 2013 Total | $ 17,849,466 | $ 0 | $ 0 |
| 2014 Addenda | $ 18,044,466 | $ 0 | $ 0 |
| 2014 Addenda | $ (219,720) | $ 0 | $ 0 |
| 2014 Total | $ 17,824,746 | $ 0 | $ 0 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 0.00 | 0.00 | 0.00 |
| 2010 Appropriation | 0.00 | 0.00 | 0.00 |
| 2011 Appropriation | 0.00 | 0.00 | 0.00 |
| 2012 Appropriation | 0.00 | 0.00 | 0.00 |
| 2013 Addenda | 0.00 | 0.00 | 0.00 |
| 2013 Addenda | 0.00 | 0.00 | 0.00 |
| 2013 Total | 0.00 | 0.00 | 0.00 |
| 2014 Addenda | 0.00 | 0.00 | 0.00 |
| 2014 Addenda | 0.00 | 0.00 | 0.00 |
| 2014 Total | 0.00 | 0.00 | 0.00 |
Recommended Operating Budget Addenda
-
Reduce agency personnel costsRemoves general fund appropriation provided for personnel costs. The agency has identified staff members that plan to retire by the end of the current fiscal year. This action captures the funding previously utilized to support those positions.
FY 2013 FY 2014 General Fund $ 0 $ (200,000)
-
Reduce funding for the agency’s public relations programDecreases general fund appropriation for public relations efforts. This action will result in the elimination of one planned public relations campaign.
FY 2013 FY 2014 General Fund $ 0 $ (50,000)
-
Eliminate funding for the Virginia National Defense Industrial AuthorityThis amendment implements reorganizations approved by the General Assembly through Chapters 803 and 835 of the 2012 Acts of Assembly.
FY 2013 FY 2014 General Fund $ 0 $ (395,251)
-
Provide funding for a defense industry trade initiativeEstablishes funding for a defense industry trade initiative. Through this initiative, the agency will work with defense contractors in the Commonwealth to identify alternative, international markets for their goods and services.
FY 2013 FY 2014 General Fund $ 0 $ 481,500
-
Reduce funding for discretionary expensesReduces general fund support for discretionary expenses such as professional development, education, and memberships.
FY 2013 FY 2014 General Fund $ 0 $ (55,969)