The 2009 Executive Budget Document
New College Institute
Mission Statement
New College Institute (NCI) provides residents of the Martinsville – Henry County area and Southern Virginia with access to bachelor’s degree-completion programs and graduate degree programs through partnerships with Virginia’s colleges and universities. NCI works to create a college-going culture through outreach activities in the region it serves.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 0 | $ 0 | 0.00 |
2006 Appropriation | $ 0 | $ 0 | 0.00 |
2007 Appropriation | $ 1,250,000 | $ 1,250,000 | 0.00 |
2008 Appropriation | $ 1,250,000 | $ 1,250,000 | 8.00 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 1,484,809 | $ 1,251,217 | 9.50 |
2009 Addenda | $ (111,000) | $ 0 | 0.00 |
2009 Total | $ 1,373,809 | $ 1,251,217 | 9.50 |
2010 Base Budget | $ 1,734,809 | $ 1,251,217 | 11.00 |
2010 Addenda | $ (111,000) | $ 0 | 0.00 |
2010 Total | $ 1,623,809 | $ 1,251,217 | 11.00 |
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 each year, a reduction of $100,000 (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 each year, a reduction of $11,000 (GF).
Budget Reduction Strategies
October Reduction Strategies
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Reduce funding for operational expenses
Reduces funding for operational expenses and administrative costs.
FY 2009 FY 2010 General Fund Savings $ (100,000) $ (100,000)
December Reduction Strategies
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Reduce expenditures for printing and promotion
Eliminate the use of printed materials (fliers, brochures, etc.) from the institute's recruiting efforts.
FY 2009 FY 2010 General Fund Savings $ (11,000) $ (11,000)