The 2009 Executive Budget Document
Secretary of Finance
Mission Statement
Provide policy and technical guidance and assistance to the Governor of Virginia and other key state leaders regarding the financial matters of the Commonwealth. Provide policy and administrative guidance and leadership to the finance agencies of the Commonwealth, which include the Department of Accounts, the Department of Planning and Budget, the Department of Taxation, and the Department of the Treasury. These agencies are responsible for either making or overseeing all financial transactions of the Commonwealth including collecting taxes, paying businesses that provide services to the state, and distributing state funding support to local governments.
Operating Budget History
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2005 Appropriation | $ 460,542 | $ 0 | 5.00 |
| 2006 Appropriation | $ 580,969 | $ 0 | 5.00 |
| 2007 Appropriation | $ 626,392 | $ 0 | 5.00 |
| 2008 Appropriation | $ 626,592 | $ 0 | 5.00 |
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2009 Base Budget | $ 657,466 | $ 0 | 5.00 |
| 2009 Addenda | $ 0 | $ 0 | 0.00 |
| 2009 Total | $ 657,466 | $ 0 | 5.00 |
| 2010 Base Budget | $ 657,466 | $ 0 | 5.00 |
| 2010 Addenda | $ (2,620) | $ 0 | 0.00 |
| 2010 Total | $ 654,846 | $ 0 | 5.00 |
Recommended Operating Budget Addenda
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Implement targeted reductionsImplements targeted reductions for 2009 and 2010 included in Governor Kaine's 2008-2010 Budget Reduction Plan. In addition to the targeted reduction, the office will share in the administrative savings identified in the 2008-2010 Budget Reduction Plan for the Office of the Governor. The reduction amount will be distributed during execution of the budget. Reduction details for the targeted reductions can be found in Part D of this document. For 2010, a decrease of $2,620 (GF).
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Provide authority to charge internal service fund profits indirect costsAuthorizes the transfer to the general fund of reasonable sums from annual profits of internal service funds that exceed the cost of providing services, or that represent over-recoveries from the general fund.
Budget Reduction Strategies
December Reduction Strategies
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Remove additional funding for pay practices
Removes the half-percent pay practices funding granted to Executive branch agencies in the 2006-08 biennium.
FY 2009 FY 2010 General Fund Savings $ 0 $ (2,620)