The 2011 Executive Budget Document
Virginia Polytechnic Institute and State University
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http://www.vt.edu/
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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 Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2007 Appropriation | $ 190,740,184 | $ 683,702,338 | $ 535,484,477 |
| 2008 Appropriation | $ 199,031,289 | $ 718,380,265 | $ 548,836,236 |
| 2009 Appropriation | $ 191,440,256 | $ 752,424,246 | $ 606,409,860 |
| 2010 Appropriation | $ 168,702,035 | $ 784,574,246 | $ 630,470,656 |
| 2011 Base Budget | $ 166,174,063 | $ 813,280,018 | $ 602,838,271 |
| 2011 Addenda | $ 0 | $ 24,233,127 | $ 19,039,748 |
| 2011 Total | $ 166,174,063 | $ 837,513,145 | $ 621,878,019 |
| 2012 Base Budget | $ 149,512,591 | $ 792,667,628 | $ 602,838,271 |
| 2012 Addenda | $ 0 | $ 24,000,000 | $ 19,260,748 |
| 2012 Total | $ 149,512,591 | $ 816,667,628 | $ 622,099,019 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2007 Appropriation | 2,001.00 | 4,249.28 | 6,250.28 |
| 2008 Appropriation | 2,004.90 | 4,273.74 | 6,278.64 |
| 2009 Appropriation | 1,911.53 | 4,276.45 | 6,187.98 |
| 2010 Appropriation | 1,911.53 | 4,276.45 | 6,187.98 |
| 2011 Base Budget | 1,911.53 | 4,280.45 | 6,191.98 |
| 2011 Addenda | 0.00 | 0.00 | 0.00 |
| 2011 Total | 1,911.53 | 4,280.45 | 6,191.98 |
| 2012 Base Budget | 1,911.53 | 4,283.45 | 6,194.98 |
| 2012 Addenda | 0.00 | 0.00 | 0.00 |
| 2012 Total | 1,911.53 | 4,283.45 | 6,194.98 |
Capital Totals for the Biennium
| General Fund 2010-12 Biennium |
Nongeneral Fund 2010-12 Biennium |
Debt 2010-12 Biennium |
|---|---|---|
| $ 0 | $ 3,400,000 | $ 52,253,000 |
Recommended Operating Budget Addenda
-
Accept appropriation for Multicultural Academic Opportunities Program from financial aidTransfers a portion of financial aid dollars used for the Multicultural Academic Opportunities Program (MAOP) appropriation from the Student financial Assistance Program to Educational and General Programs. Funds transferred represent the portion of wage costs for graduate assistantships per the Appropriation Act guidelines. This amendment eliminates the need to complete this transfer annually on an administrative basis. This is a companion adjustment to "Transfer appropriation for Multicultural Academic Opportunities Program to Educational and General Programs".
FY 2011 FY 2012 General Fund $ 0 $ 221,000
-
Adjust State Fiscal Stabilization Fund appropriationAdjusts the State Fiscal Stabilization Fund of the American Recovery and Reinvestment Act of 2009, due to technical revisions based on the U.S. Department of Education guidelines and the final actions of the 2010 General Assembly. These funds are used to support educational and general programs and student financial assistance.
FY 2011 FY 2012 Nongeneral Fund $ 233,127 $ 0
-
Increase nongeneral fund appropriation for approved tuition and fee revenueAdjusts the nongeneral fund appropriation level needed to incorporate the Board of Visitors approved tuition rates for 2010 - 2011.
FY 2011 FY 2012 Nongeneral Fund $ 24,000,000 $ 24,000,000
-
Transfer appropriation for Multicultural Academic Opportunities Program to Educational and General ProgramsTransfers a portion of financial aid dollars used for the Multicultural Academic Opportunities Program (MAOP) appropriation from the Student financial Assistance Program to the Educational and General Programs. Funds transferred represent the portion of wage costs for graduate assistantships per the Appropriation Act guidelines. This amendment eliminates the need to complete this transfer annually on an administrative basis. This request, is a companion adjustment to "Accept appropriation for Multicultural Academic Opportunities Program from financial aid".
FY 2011 FY 2012 General Fund $ 0 $ (221,000)
Recommended Capital Budget Addenda
-
Construct new visitors and admissions centerProvides funds to construct a 18,155 gross square-foot stand-alone building at the new main campus entryway off Prices Fork Road, as envisioned in the university master plan. This new entryway is on the opposite side of campus from the current visitors center and will solve long standing problems in assisting and directing visitors, especially prospective students, on the campus. The project will be financed thorugh the issuance of 9(d) revenue bonds and auxiliary reserve balances.
FY 2011 FY 2012 Nongeneral Fund 0 3400000 Bond Proceeds 0 7100000