The 2009 Executive Budget Document
Department of Business Assistance
Mission Statement
The Virginia Department of Business Assistance promotes economic growth by helping Virginia businesses prosper.
Operating Budget History
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2005 Appropriation | $ 10,865,726 | $ 2,331,045 | 62.50 |
| 2006 Appropriation | $ 11,066,542 | $ 2,331,045 | 62.50 |
| 2007 Appropriation | $ 14,823,366 | $ 1,191,362 | 47.00 |
| 2008 Appropriation | $ 11,503,798 | $ 1,191,362 | 50.00 |
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2009 Base Budget | $ 11,223,521 | $ 1,245,603 | 48.00 |
| 2009 Addenda | $ (661,799) | $ 0 | (3.00) |
| 2009 Total | $ 10,561,722 | $ 1,245,603 | 45.00 |
| 2010 Base Budget | $ 11,223,521 | $ 1,245,603 | 48.00 |
| 2010 Addenda | $ (752,291) | $ 28,395 | (3.00) |
| 2010 Total | $ 10,471,230 | $ 1,273,998 | 45.00 |
Recommended Operating Budget Addenda
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Redistribute funds between service areas to reflect the current program structure of the agencyRealigns funding between service areas.
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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 $661,799 (GF) and three positions. For 2010, a decrease of $702,470 (GF) and an increase of $28,395 (NGF).
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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 $49,821 (GF).
Budget Reduction Strategies
October Reduction Strategies
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Defer moving costs
The agency will not incur moving costs in FY 2009. The current lease expires on June 30, 2009, therefore, moving costs will be incurred in FY 2010. This strategy captures the amount budgeted in FY 2009 for this purpose.
FY 2009 FY 2010 General Fund Savings $ (20,000) $ 0 -
Eliminate one filled position
Eliminate one filled administrative support position, effective November, 1, 2008.
FY 2009 FY 2010 General Fund Savings $ (26,060) $ (45,876) Position Changes (1.00) (1.00) Layoffs 1 0 -
Eliminate vacant positions
Eliminate one vacant position currently split between the agency's Business Formation Services and Existing Business Services service areas, and one vacant position in the Virginia Jobs Investment Program. Work will be distributed to remaining staff.
FY 2009 FY 2010 General Fund Savings $ (214,762) $ (255,617) Position Changes (2.00) (2.00) -
Reduce economic development incentives to new and expanding businesses under the Virginia Jobs Investment Program
Reduces funding available for incentive payments to companies through the Virginia Jobs Investment Program (VJIP).
FY 2009 FY 2010 General Fund Savings $ (313,805) $ (313,805) -
Reduce wage payroll costs
Achieve savings by reducing the number of wage staff.
FY 2009 FY 2010 General Fund Savings $ (58,777) $ (58,777) -
Supplant general fund expenses in the Virginia Small Business Financing Authority with nongeneral fund resources
Shift a portion of the general fund expenditures for the Virginia Small Business Financing Authority (VSBFA) to the nongeneral funds it administers. The agency is allowed to charge a portion of its expenses to these nongeneral funds and programs.
FY 2009 FY 2010 General Fund Savings $ (28,395) $ (28,395) NGF Appropriation $ 0 $ 28,395
December Reduction Strategies
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Capture rent savings
Captures savings resulting from a move to less expensive office space. Beginning in FY 2010, the agency is expected to move to a state-owned building; the rental cost per square foot will be lower than the rate currently paid by the agency.
FY 2009 FY 2010 General Fund Savings $ 0 $ (29,742) -
Reduce appropriation for the Virginia Israel Advisory Board
Reduces pass-through funding for the Virginia Israel Advisory Board by five percent.
FY 2009 FY 2010 General Fund Savings $ 0 $ (7,062) -
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 $ (13,017)