The 2009 Executive Budget Document
Virginia Polytechnic Institute and State University
Mission Statement
The Virginia Polytechnic Institute and State University is a public land-grant university serving the Commonwealth of Virginia, the nation, and the world community. The discovery and dissemination of new knowledge are central to its mission. Through its focus on teaching and learning, research, and outreach, the university creates, conveys, and applies knowledge to expand personal growth and opportunity, advance social and community development, foster economic competitiveness, and improve the quality of life.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 157,616,517 | $ 566,787,972 | 5,933.64 |
2006 Appropriation | $ 168,730,141 | $ 640,555,681 | 5,981.64 |
2007 Appropriation | $ 190,740,184 | $ 683,702,338 | 6,250.28 |
2008 Appropriation | $ 199,031,289 | $ 718,380,265 | 6,278.64 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 200,329,079 | $ 752,424,246 | 6,187.98 |
2009 Addenda | $ (8,888,823) | $ 0 | 0.00 |
2009 Total | $ 191,440,256 | $ 752,424,246 | 6,187.98 |
2010 Base Budget | $ 200,329,079 | $ 784,574,246 | 6,187.98 |
2010 Addenda | $ (26,952,103) | $ 0 | 0.00 |
2010 Total | $ 173,376,976 | $ 784,574,246 | 6,187.98 |
Recommended Operating Budget Addenda
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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 $8.9 million (GF). For 2010, a decrease of $26.7 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 $285,633 (GF).
Capital Totals for the Biennium
General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
---|---|---|
$ 0 | $ 0 | $ 13,981,000 |
Recommended Capital Budget Addenda
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Construct Institute for Critical Technology and Applied Science, Phase IIProvides funds for the cost of equipment and furnishings for the second phase of the Institute for Critical Technology and Applied Science. Previously, only the construction portion of this project was funded. The project will be funded through general fund supported 9(d) bonds issued by the Virginia College Building Authority under the Twenty-First Century College Program For the biennium, $4.0 million (NGF).
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Renovate Ambler JohnstonProvides supplemental funds to modernize the entire building and address deferred maintenance needs. Renovation efforts will result in additional hall lounges, community meeting rooms, and study rooms; refurbishing and expanding bathroom facilities, updating residential rooms, and building systems. This project will be funded from the issuance of 9 (c) revenue bonds. For the biennium, $10.0 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 Virginia Tech. 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 $ (8,888,823) $ (26,666,470)
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 $ (285,633)