The 2009 Executive Budget Document
Virginia Racing Commission
Mission Statement
To promote, sustain, grow, and control a native horse racing industry with pari-mutuel wagering by prescribing regulations and conditions that command and promote excellence and complete honesty and integrity in racing and wagering.
Operating Budget History
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2005 Appropriation | $ 0 | $ 3,796,130 | 10.00 |
| 2006 Appropriation | $ 0 | $ 4,208,130 | 10.00 |
| 2007 Appropriation | $ 0 | $ 4,932,552 | 10.00 |
| 2008 Appropriation | $ 0 | $ 4,982,552 | 10.00 |
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2009 Base Budget | $ 0 | $ 5,047,817 | 10.00 |
| 2009 Addenda | $ 0 | $ (415,092) | 0.00 |
| 2009 Total | $ 0 | $ 4,632,725 | 10.00 |
| 2010 Base Budget | $ 0 | $ 5,047,817 | 10.00 |
| 2010 Addenda | $ 0 | $ (1,737,173) | 0.00 |
| 2010 Total | $ 0 | $ 3,310,644 | 10.00 |
Recommended Operating Budget Addenda
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Adjust nongeneral fund appropriation for the Breeders Fund to reflect decreasing revenueAdjusts the nongeneral fund appropriation for the Pari-Mutuel Wagering Virginia Breeders Fund to reflect decreasing revenues. For 2010, a decrease of $700,000 (NGF).
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Reduce operating expenses of the Racing CommissionReduces nongeneral fund appropriations for the Virginia Racing Commission's operations in FY 2010, and for the promotion of horse racing in FY 2009 and FY 2010. The Commission's 2009 nongeneral fund revenue estimates indicate that revenues are declining. This action reduces appropriations to reflect this decrease in revenue. For 2009, a decrease of $415,092 (NGF). For 2010, a decrease of $1.0 million (NGF).