The 2010 Executive Budget Document
New College Institute
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http://www.newcollegeinstitute.org/Home.aspx
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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 Summary
General Fund | Nongeneral Fund | Personnel Cost | |
---|---|---|---|
2007 Appropriation | $ 1,250,000 | $ 1,250,000 | $ 0 |
2008 Appropriation | $ 1,250,000 | $ 1,250,000 | $ 0 |
2009 Appropriation | $ 1,373,809 | $ 1,251,217 | $ 22,487 |
2010 Appropriation | $ 1,623,809 | $ 1,251,217 | $ 1,044,865 |
2011 Base Budget | $ 1,623,809 | $ 1,251,217 | $ 1,044,865 |
2011 Addenda | $ (159,702) | $ (151,571) | $ (11,203) |
2011 Total | $ 1,464,107 | $ 1,099,646 | $ 1,033,662 |
2012 Base Budget | $ 1,623,809 | $ 1,251,217 | $ 1,044,865 |
2012 Addenda | $ (159,702) | $ (151,771) | $ (11,203) |
2012 Total | $ 1,464,107 | $ 1,099,446 | $ 1,033,662 |
General Fund | Nongeneral Fund | Total Positions | |
---|---|---|---|
2007 Appropriation | 0.00 | 0.00 | 0.00 |
2008 Appropriation | 8.00 | 0.00 | 8.00 |
2009 Appropriation | 9.50 | 0.00 | 9.50 |
2010 Appropriation | 11.00 | 0.00 | 11.00 |
2011 Base Budget | 11.00 | 0.00 | 11.00 |
2011 Addenda | 0.00 | 2.00 | 2.00 |
2011 Total | 11.00 | 2.00 | 13.00 |
2012 Base Budget | 11.00 | 0.00 | 11.00 |
2012 Addenda | 0.00 | 2.00 | 2.00 |
2012 Total | 11.00 | 2.00 | 13.00 |
Recommended Operating Budget Addenda
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Distribute Central Appropriations amounts to agency budgetsAdjusts the agency budget to reflect amounts moved to or from Central Appropriations to cover the cost of items such as changes in retirement and other benefit contribution rates, as well as the distribution of other centrally funded items.
FY 2011 FY 2012 General Fund ($10,913) ($10,913)
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Distribute amounts for real estate fees to agency budgetsTransfers amounts for fees charged to agencies for central lease administration from the Department of General Services to agency budgets.
FY 2011 FY 2012 General Fund $2,782 $2,782
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Adjust operating planCorrects operating plan and transfers revenues into the correct program.
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Increase position levelProvides an increase in nongeneral fund positions.
FY 2011 FY 2012 Authorized Positions 2.00 2.00
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Reduce expenditures for recruiting eventsReduces the amount of funds used to sponsor on-campus recruiting events.
FY 2011 FY 2012 General Fund ($5,000) ($5,000) Nongeneral Fund ($5,000) ($5,000)
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Delay administrative equipment replacementReduces funding for the replacement of office equipment.
FY 2011 FY 2012 General Fund ($5,000) ($5,000) Nongeneral Fund ($5,000) ($5,000)
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Reduce advertising expendituresReduces funds utilized in the recruitment of new students.
FY 2011 FY 2012 General Fund ($20,000) ($20,000) Nongeneral Fund ($20,000) ($20,000)
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Reduce administrative operating costsReduces printing cost by using web-based systems and other electronic methods to transmit information.
FY 2011 FY 2012 General Fund ($10,000) ($10,000) Nongeneral Fund ($10,000) ($10,000)
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Delay classroom equipment replacementReduces funding for the purchase of classroom equipment.
FY 2011 FY 2012 General Fund ($5,000) ($5,000) Nongeneral Fund ($5,000) ($5,000)
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Eliminate funding for promotional itemsReduces spending for branded promotional items used in recruiting students and advertising the Institute's programs.
FY 2011 FY 2012 General Fund ($5,000) ($5,000) Nongeneral Fund ($5,000) ($5,000)
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Reduce or eliminate academic programsReduces the amount of academic programs offered to students.
FY 2011 FY 2012 General Fund ($96,571) ($96,571) Nongeneral Fund ($96,571) ($96,771)
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Reduce funding for tuition reimbursementReduces the amount of funding available for employee tuition assistance.
FY 2011 FY 2012 General Fund ($5,000) ($5,000) Nongeneral Fund ($5,000) ($5,000)