The 2008 Executive Budget Document
The College Of William And Mary In Virginia
Mission Statement
The College of William and Mary in Virginia provides a broad liberal education in a stimulating academic environment enhanced by a talented and diverse student body. Effective instruction encourages the intellectual development of both student and teacher. Quality research supports the educational program by introducing students to the challenge and excitement of original discovery, and is a source of the knowledge and understanding required for societal improvement. Through public and community service, the university fulfills its responsibility to the Commonwealth’s citizens as well as to the national and international communities.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 41,889,131 | $ 141,159,355 | 1,414.45 |
2006 Appropriation | $ 44,178,079 | $ 144,604,216 | 1,414.45 |
2007 Appropriation | $ 49,760,426 | $ 156,538,928 | 1,414.45 |
2008 Appropriation | $ 52,220,830 | $ 160,411,278 | 1,424.45 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 52,220,830 | $ 160,411,278 | 1,424.45 |
2009 Addenda | $ 550,850 | $ 14,471,085 | (22.00) |
2009 Total | $ 52,771,680 | $ 174,882,363 | 1,402.45 |
2010 Base Budget | $ 52,220,830 | $ 160,411,278 | 1,424.45 |
2010 Addenda | $ 350,850 | $ 14,471,085 | (22.00) |
2010 Total | $ 52,571,680 | $ 174,882,363 | 1,402.45 |
Recommended Operating Budget Addenda
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Distribute Central Appropriations amounts to agency budgetsAdjusts the agency budget to reflect amounts moved from Central Appropriations to cover the cost of items such as the continuation of 2007 and 2008 salary and health insurance premium increases, as well as changes in retirement and disability contribution rates and other centrally funded items. For each year, $2.0 million (GF) and $3.1 million (NGF).
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Eliminate general fund appropriation for biomedical research and biomaterials engineeringEliminates one-time funding included in Chapter 847 (2007) to build research capacity at selected institutions of higher education. For each year, a reduction of $200,000 (GF).
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Remove remaining operation and maintenance support for former Williamsburg Community HospitalRemoves the remaining operating and maintenance support and associated positions that had been provided to the maintenance of the former Williamsburg Community Hospital when it was originally intended to be renovated to accommodate the new School of Education. For 2009, a decrease of $324,106 (GF), $993,815 (NGF), and a reduction of four positions. For 2010, a decrease of $324,106 (GF) and $993,815 (NGF).
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Continue funding for the FY 2008 faculty salary increaseContinues funding for the faculty salary increase effective November 25, 2007. This includes support for the three percent increase provided by the Governor and the additional one percent increase approved by the 2006 General Assembly. For each year, $489,867 (GF).
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Adjust nongeneral fund appropriation to address sale of surplus propertyIncreases the nongeneral fund appropriation to reflect the sale of educational and general surplus property to support the replacement of educational equipment. For each year, $21,000 (NGF).
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Adjust nongeneral fund appropriation to increase student financial assistanceAdjusts the agency budget to increase the 2008-2010 base for student financial aid. For each year, $2.4 million (NGF).
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Increase nongeneral fund appropriation for sponsored program revenueAdjusts the agency budget to reflect increases in nongeneral fund revenue from federal, state, local, and private sources. For each year, $6.4 million (NGF).
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Transfer funds from Central Appropriations for faculty salariesTransfers funds from Central Appropriations for the one percent faculty salary increase provided in Chapter 847. For each year, $144,733 (GF).
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Transfer Higher Education Tuition Incentive FundsTransfers funds from Central Appropriations to the agency budget for having met the requirements of the FY 2008 Tuition Incentive Fund. For each year, $185,879 (GF).
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Transfer graduate financial assistance funds to the Virginia Institute of Marine ScienceTransfers graduate financial assistance from the College of William and Mary to the Virginia Institute of Marine Science to accurately reflect funds in the appropriate agency and program. For each year, a reduction of $83,527 (GF).
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Increase nongeneral fund appropriation to reflect additional auxiliary enterprise program revenueIncreases the auxiliary enterprise appropriation for a new dormitory and the expanded recreation center and also increases appropriation for debt service payments associated with the bond funding for an underground utility project. For each year, $1.4 million (NGF).
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Annualize partially funded operation and maintenance funding for new facilitiesAdjusts agency budget to annualize operation and maintenance funding for the Integrated Science Center. For each year, $500,096 (GF) and $674,943 (NGF).
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Adjust nongeneral fund appropriation to accurately reflect tuition and fee revenueIncreases tuition revenue projections to provide an appropriation that is more in line with actual tuition and fee revenue collections resulting from increased enrollment of out-of-state students in the schools of business and law. For each year, $700,000 (NGF).
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Continue 2008 budget reductionsContinues the budget reductions included in the Governor's 2008 reduction plan into the 2008-10 biennium. For 2009, a decrease of $3.0 million (GF) and 18 positions. For 2010, a decrease of $3.0 million (GF).
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Increase undergraduate student financial assistanceIncreases funding for need-based financial aid for in-state undergraduate students. For each year, $74,059 (GF).
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Invest in researchProvides funds to support leading research programs in Virginia's public institutions of higher education while encouraging the development of self-sustaining enterprises that will continue beyond the 2008-2010 biennium. For 2009, $200,000 (GF).
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Provide funding to support core instructional requirementsProvides additional state funding to support the institution's core operating requirements needed to deliver quality instructional and student service activities. For each year, $559,052 (GF) and $775,202 (NGF).
Capital Totals for the Biennium
General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
---|---|---|
$ 0 | $ 0 | $ 89,410,000 |
Recommended Capital Budget Addenda
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Replace Zable Stadium systemsAuthorizes the installment of a new scoreboard and emergency power and lighting in and around the stadium. The project will be funded from the issuance of 9(d) revenue bonds. For the biennium, $2.0 million (NGF).
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Renovate the Campus Center and Trinkle HallAuthorizes the renovation of the Campus Center and Trinkle Hall. The project will include the repair and replacement of aging building systems, improving telecommunication connections, and providing handicap accessibility. The project will be funded from the issuance of 9(c) revenue bonds. For the biennium, $35.0 million (NGF).
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Construct Integrated Science CenterProvides additional funds for the cost of equipment and furnishings and supplemental funding for the Integrated Science Center. The equipment and furnishings will be funded from the issuance of bonds through the Virginia College Building Authority. The supplemental funding will be provided from the issuance of 9(d) revenue bonds. For the biennium, $11.8 million (NGF).
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Renovate graduate student residence hallsAuthorizes the college to make exterior and interior repairs at the graduate housing complex. The project will be funded from the issuance of 9(c) revenue bonds. For the biennium, $2.5 million (NGF).
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Construct a new school of educationProvides funding for a new education school to be built on the former site of the Williamsburg Community Hospital. The new School of Education will house the undergraduate and graduate programs, sponsored research and programs, and community educational and counseling outreach centers. The project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $38.1 million (NGF).