Commonwealth of Virginia 2013 Budget Document: Agency Details

The 2013 Executive Budget Document

Radford University [ http://www.radford.edu/ ]

Mission Statement

Radford University serves the Commonwealth and the nation through a wide range of academic, cultural, human service, and research programs. First and foremost, the university emphasizes teaching, learning, and the process of learning in its commitment to the development of mature, responsible, well-educated citizens. RU develops students' creative and critical thinking skills, teaches students to analyze problems and implement solutions, helps students discover their leadership styles, and fosters their growth as leaders. Research is viewed as a vital corollary to the teaching and learning transaction as it sustains and enhances the ability to teach effectively.

Operating Budget Summary

	General Fund	Nongeneral Fund	Personnel Cost
2009 Appropriation	$ 55,899,132	$ 102,449,782	$ 87,093,690
2010 Appropriation	$ 50,072,891	$ 106,025,681	$ 87,476,055
2011 Appropriation	$ 49,400,574	$ 115,466,939	$ 87,615,338
2012 Appropriation	$ 46,812,753	$ 112,604,917	$ 89,328,092

2013 Addenda	$ 49,754,037	$ 119,291,010	$ 84,924,287
2013 Addenda	$ 0	$ 6,232,473	$ 2,121,443
2013 Total	$ 49,754,037	$ 125,523,483	$ 87,045,730

2014 Addenda	$ 50,425,615	$ 122,138,637	$ 86,495,427
2014 Addenda	$ 803,993	$ 10,782,473	$ 4,202,774
2014 Total	$ 51,229,608	$ 132,921,110	$ 90,698,201

Authorized Position Summary

	General Fund	Nongeneral Fund	Total Positions
2009 Appropriation	633.91	756.13	1,390.04
2010 Appropriation	633.91	756.13	1,390.04
2011 Appropriation	633.91	756.13	1,390.04
2012 Appropriation	633.91	756.13	1,390.04

2013 Addenda	633.91	756.13	1,390.04
2013 Addenda	0.00	0.00	0.00
2013 Total	633.91	756.13	1,390.04

2014 Addenda	633.91	756.13	1,390.04
2014 Addenda	0.00	0.00	0.00
2014 Total	633.91	756.13	1,390.04

Capital Totals for the Biennium

General Fund 2012-14 Biennium	Nongeneral Fund 2012-14 Biennium	Debt 2012-14 Biennium
$ 0	$ 1,500,000	$ 5,410,000

Recommended Operating Budget Addenda

Provide support to higher education institutions to achieve the goals of the Virginia Higher Education Opportunity Act of 2011

Provides 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 additional undergraduate degrees by 2025 in order to keep the Commonwealth economically competitive, both nationally and internationally. The funding is also intended to slow the rising costs of tuition and fees in order to keep higher education both affordable and accessible.

		FY 2013		FY 2014
General Fund		$ 0		$ 797,307

Increase nongeneral fund appropriation for auxiliary enterprise and other area service programs

Provides additional appropriation for nongeneral fund categories, including auxiliary enterprise funds, surplus property, insurance recovery, and recycled materials.

		FY 2013		FY 2014
Nongeneral Fund		$ 5,282,473		$ 7,682,473

Provide assistance for the general fund portion of agency Line of Duty Act costs

Provides additional funding to cover the general fund share of Line of Duty Act costs for state agencies.

		FY 2013		FY 2014
General Fund		$ 0		$ 6,686

Provide additional appropriation for education and general programs

Provides additional nongeneral fund appropriation for tuition and fees for increased enrollment.

		FY 2013		FY 2014
Nongeneral Fund		$ 950,000		$ 3,100,000

Recommended Capital Budget Addenda

Convert residence hall renovation to umbrella project
Provides the university flexibility to renovate residence halls when needed.