The 2009 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 | $ 52,367,154 | $ 174,494,762 | 1,402.45 |
| 2009 Addenda | $ (3,426,462) | $ 16,620,021 | 0.00 |
| 2009 Total | $ 48,940,692 | $ 191,114,783 | 1,402.45 |
| 2010 Base Budget | $ 52,367,154 | $ 174,494,762 | 1,402.45 |
| 2010 Addenda | $ (7,395,210) | $ 18,487,551 | 0.00 |
| 2010 Total | $ 44,971,944 | $ 192,982,313 | 1,402.45 |
Recommended Operating Budget Addenda
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Adjust nongeneral fund appropriation for educational and general programsIncreases nongeneral fund appropriation to more accurately reflect revenue collections resulting from increased enrollment in the undergraduate, graduate, and professional programs. For each year, $6.2 million (NGF).
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Increase appropriation for debt service paymentsAdjusts the nongeneral fund appropriation needed to pay debt service associated with several of the institution's capital projects. For each year, $3.3 million (NGF).
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Increase nongeneral fund appropriation to increase student financial assistanceAdjusts the institution's budget to reflect increased nongeneral fund support for student financial assistance. For each year, $747,470 (NGF).
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Increase nongeneral fund appropriation to reflect additional auxiliary enterprise program revenueAdjusts the auxiliary enterprise appropriation to reflect estimated increased expenditure activity in personnel services as well as utility and supply costs, especially in residential operations and dining services. For 2009, $6.4 million (NGF). For 2010, $8.3 million (NGF).
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Reflect Governor’s October reductions in agency budgetsReflects the reductions approved by Governor Kaine in October 2008 for 2009 and the corresponding continuation of savings in 2010. See Part D of this document for reduction details. For 2009, a decrease of $3.4 million (GF). For 2010, a decrease of $7.3 million (GF).
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Implement targeted reductionsImplements targeted reductions for 2009 and 2010 included in Governor Kaine's 2008-2010 Budget Reduction Plan. Reduction details can be found in Part D of this document. For 2010, a decrease of $52,791 (GF).
Capital Totals for the Biennium
| General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
|---|---|---|
| $ 0 | $ 0 | $ 5,067,000 |
Recommended Capital Budget Addenda
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Improve intercollegiate athletic facilitiesChanges the title from "Replace Zable Stadium Systems" to "Improve Intercollegiate Athletic Facilities" to permit the institution to address other necessary, but unrelated athletic projects. It does not require a change in the funding source or amount of the original project.
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Construct new school of educationProvides funding for the cost of equipment and furnishings associated with the opening of the new education school, which is scheduled for completion in June 2010. Previously, only the construction portion of this project was funded. The project will be funded from the issuance of 9(d) bonds through the Virginia College Building Authority under the Twenty-First Century College Program. For the biennium, $2.8 million (NGF).
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Renovate and expand Small HallProvides funding for the cost of equipment and furnishings associated with the renovation and expansion of Small Hall, which is scheduled for completion in October 2009. Previously, only the construction portion of this project was funded. The project will be funded from the issuance of 9(d) bonds through the Virginia College Building Authority under the Twenty-First Century College Program. For the biennium, $2.2 million (NGF).
Budget Reduction Strategies
October Reduction Strategies
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Implement higher education savings strategies
Institutions of higher education will implement strategies to capture savings through administrative streamlining, implementing program efficiencies and realignment. When identifying areas of savings, consideration will be given to preserving the core mission of the institution to ensure the delivery of quality instruction and student services. Included in this recommendation are estimated position reductions and layoffs for the College of William and Mary. The institution will identify specific position reductions and layoffs upon approval of a final reduction plan by the Board of Visitors.
FY 2009 FY 2010 General Fund Savings $ (3,426,462) $ (7,342,419)
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 $ (52,791)