The 2008 Executive Budget Document
Longwood University
Mission Statement
Longwood University is dedicated to the development of citizen leaders who are prepared to make positive contributions to the common good of society. Building upon its strong foundation in the liberal arts and sciences, the University provides an environment in which exceptional teaching fosters student learning, scholarship, and achievement. As the only four-year public institution in south central Virginia, Longwood University serves as a catalyst for regional prosperity and advancement.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 21,282,580 | $ 43,198,953 | 598.56 |
2006 Appropriation | $ 24,535,335 | $ 45,528,124 | 591.56 |
2007 Appropriation | $ 28,803,713 | $ 52,806,585 | 612.56 |
2008 Appropriation | $ 30,860,231 | $ 54,356,285 | 612.56 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 30,860,231 | $ 54,356,285 | 612.56 |
2009 Addenda | $ 796,549 | $ 6,018,957 | 28.00 |
2009 Total | $ 31,656,780 | $ 60,375,242 | 640.56 |
2010 Base Budget | $ 30,860,231 | $ 54,356,285 | 612.56 |
2010 Addenda | $ 796,549 | $ 6,018,957 | 28.00 |
2010 Total | $ 31,656,780 | $ 60,375,242 | 640.56 |
Recommended Operating Budget Addenda
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Distribute Central Appropriations amounts to agency budgetsAdjusts the agency budget to reflect amounts moved from Central Appropriations to cover the cost of items such as the continuation of 2007 and 2008 salary and health insurance premium increases, as well as changes in retirement and disability contribution rates and other centrally funded items. For each year, $1.6 million (GF) and $776,210 (NGF).
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Continue funding for the FY 2008 faculty salary increaseContinues funding for the faculty salary increase effective November 25, 2007. This includes support for the three percent increase provided by the Governor and the additional one percent increase approved by the 2006 General Assembly. For each year, $215,215 (GF).
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Transfer funds from Central Appropriations for faculty salariesContinues funding for the nursing salary increase effective November 25, 2007. For each year, $63,586 (GF).
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Transfer Higher Education Tuition Incentive FundsTransfers funds from Central Appropriations to the agency budget for having met the requirements of the FY 2008 Tuition Incentive Fund. For each year, $72,597 (GF).
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Eliminate excess nongeneral fund appropriationReduces the nongeneral fund appropriation for tuition and mandatory fees. For each year, a reduction of $3.5 million (NGF).
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Increase funding for auxiliary debt serviceProvides additional appropriation to support the auxiliary enterprise fund debt payments. For each year, $2.5 million (NGF).
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Increase nongeneral fund appropriation for auxiliary enterprises, surplus property and insurance recovery.A technical adjustment to reflect an increase in auxiliary enterprise, surplus property and insurance recovery revenues. For each year, $6.0 million (NGF).
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Increase nongeneral fund position levelProvides appropriation to increase the number of nongeneral fund positions. For 2009, 28 positions.
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Continue 2008 budget reductionsContinues the budget reductions included in the Governor's 2008 reduction plan into the 2008-10 biennium. For each year, a reduction of $1.7 million (GF).
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Increase undergraduate student financial assistanceIncrease funding for need-based financial aid for in-state undergraduate students. For each year, $181,130 (GF).
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Provide funding to support core instructional requirementsProvides additional state funding to support the institution’s core operating requirements needed to deliver quality instructional and student service activities. For each year, $380,114 (GF) and $234,957 (NGF).
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Provide capital language to utilize energy performance contractsProvides Longwood University to enter into energy performance contracts for the purpose of creating energy efficiency on its campus.