The 2012 Executive Budget Document
Virginia State University
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http://www.vsu.edu/
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Mission Statement
Virginia State University promotes and sustains academic programs that integrate instruction, research, and extension/public service in a design most responsive to the needs and endeavors of individuals and groups within its scope of influence. The University is dedicated to the promotion of knowledgeable, perceptive, and humane citizens secure in their self-awareness, equipped for personal fulfillment, sensitive to the needs and aspirations of others, and committed to assuming productive roles in a challenging and ever-changing global society.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 36,827,353 | $ 80,707,270 | $ 52,818,986 |
| 2010 Appropriation | $ 35,208,828 | $ 91,284,023 | $ 53,161,689 |
| 2011 Appropriation | $ 35,206,759 | $ 98,234,961 | $ 55,581,629 |
| 2012 Appropriation | $ 33,392,350 | $ 99,732,982 | $ 55,581,629 |
| 2013 Base Budget | $ 33,392,350 | $ 99,732,982 | $ 55,581,629 |
| 2013 Addenda | $ 1,993,994 | $ 13,696,731 | $ 480,497 |
| 2013 Total | $ 35,386,344 | $ 113,429,713 | $ 56,062,126 |
| 2014 Base Budget | $ 33,392,350 | $ 99,732,982 | $ 55,581,629 |
| 2014 Addenda | $ 1,995,365 | $ 16,456,647 | $ 480,497 |
| 2014 Total | $ 35,387,715 | $ 116,189,629 | $ 56,062,126 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 315.37 | 454.69 | 770.06 |
| 2010 Appropriation | 318.37 | 454.69 | 773.06 |
| 2011 Appropriation | 318.37 | 454.69 | 773.06 |
| 2012 Appropriation | 318.37 | 454.69 | 773.06 |
| 2013 Base Budget | 318.37 | 454.69 | 773.06 |
| 2013 Addenda | 0.00 | 0.00 | 0.00 |
| 2013 Total | 318.37 | 454.69 | 773.06 |
| 2014 Base Budget | 318.37 | 454.69 | 773.06 |
| 2014 Addenda | 0.00 | 0.00 | 0.00 |
| 2014 Total | 318.37 | 454.69 | 773.06 |
Recommended Operating Budget Addenda
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Fund changes in state employee workers' compensation premiumsAdjusts the agency's budget for the general fund share of state employee workers' compensation premiums based on the allocation of FY 2013 and FY 2014 program costs provided by the Department of Human Resource Management. The allocation is based on the historical experience of the agency and reflects the current policy of providing agencies with 50 percent of any increased costs and allowing agencies to retain 50 percent of any reduced costs.
FY 2013 FY 2014 General Fund $ 3,145 $ 4,516
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Increase auxiliary appropriation for debt paymentsAdjusts the nongeneral fund appropriation authority to address required debt service payments for a capital project to be completed during the 2012-2014 biennium.
FY 2013 FY 2014 Nongeneral Fund $ 1,350,000 $ 2,350,000
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Distribute Central Appropriation amounts to agency budgetsAdjusts the agency budget to reflect amounts moved to or from Central Appropriations to cover the costs of items such as changes in retirement and other benefit contribution rates, as well as the distribution of other centrally funded items.
FY 2013 FY 2014 General Fund $ 158,954 $ 158,954 Nongeneral Fund $ 258,331 $ 258,331
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Adjusts nongeneral fund appropriation authority to reflect additional revenue for student financial aidAdjusts appropriation authority to reflect additional tuition and fee revenue to support financial aid scholarships.
FY 2013 FY 2014 Nongeneral Fund $ 1,122,454 $ 1,122,454
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Adjust nongeneral fund appropriation authority to reflect additional federal financial assistanceAdjusts appropriation authority to reflect additional funding for Pell Grants.
FY 2013 FY 2014 Nongeneral Fund $ 350,000 $ 350,000
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Increase auxiliary enterprise fundingProvide additional nongeneral fund appropriation authority to reflect increased auxiliary enterprise revenues.
FY 2013 FY 2014 Nongeneral Fund $ 251,816 $ 2,011,732
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Adjust nongeneral fund appropriation authority to reflect additional sponsored program revenueAdjusts appropriation authority to reflect additional funding for sponsored programs.
FY 2013 FY 2014 Nongeneral Fund $ 1,400,000 $ 1,400,000
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Fund higher education institutions to achieve the goals of the Virginia Higher Education Opportunity Act of 2011Provides funding to higher education institutions in support of achieving the goals of the Virginia Higher Education Opportunity Act of 2011 (Top Jobs Act). The Top Jobs Act strives to incentivize higher education institutions to educate and graduate more Virginians, while encouraging more graduates in the sciences, technology, engineering, math and health care fields, as well as supporting underrepresented students to graduate from higher education institutions. The goal is to achieve 100,000 degrees over the next 15 years in order to keep Virginia economically competitive, both nationally and internationally. This funding is also intended to slow the rising costs of tuition and fees in order to keep higher education more affordable.
FY 2013 FY 2014 General Fund $ 1,831,895 $ 1,831,895
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Adjust nongeneral fund appropriation authority to reflect additional tuition and fee revenueAdjusts appropriation authority to reflect additional tuition and fee revenue.
FY 2013 FY 2014 Nongeneral Fund $ 3,250,000 $ 3,250,000
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Provide additional tuition and fee revenueIncreases the nongeneral fund appropriation authority to reflect additional tuition and fees approved by the Board of Visitors.
FY 2013 FY 2014 Nongeneral Fund $ 5,714,130 $ 5,714,130