The 2011 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 | |
|---|---|---|---|
| 2007 Appropriation | $ 53,107,916 | $ 87,213,956 | $ 75,809,236 |
| 2008 Appropriation | $ 56,662,208 | $ 89,191,572 | $ 75,973,711 |
| 2009 Appropriation | $ 55,899,132 | $ 102,449,782 | $ 87,093,690 |
| 2010 Appropriation | $ 50,072,891 | $ 106,025,681 | $ 87,476,055 |
| 2011 Base Budget | $ 49,400,574 | $ 108,778,001 | $ 86,286,435 |
| 2011 Addenda | $ 0 | $ 4,788,938 | $ 1,328,903 |
| 2011 Total | $ 49,400,574 | $ 113,566,939 | $ 87,615,338 |
| 2012 Base Budget | $ 43,342,578 | $ 103,764,239 | $ 88,114,829 |
| 2012 Addenda | $ 0 | $ 6,140,678 | $ 1,213,263 |
| 2012 Total | $ 43,342,578 | $ 109,904,917 | $ 89,328,092 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2007 Appropriation | 621.51 | 749.53 | 1,371.04 |
| 2008 Appropriation | 621.51 | 749.53 | 1,371.04 |
| 2009 Appropriation | 633.91 | 756.13 | 1,390.04 |
| 2010 Appropriation | 633.91 | 756.13 | 1,390.04 |
| 2011 Base Budget | 633.91 | 756.13 | 1,390.04 |
| 2011 Addenda | 0.00 | 0.00 | 0.00 |
| 2011 Total | 633.91 | 756.13 | 1,390.04 |
| 2012 Base Budget | 633.91 | 756.13 | 1,390.04 |
| 2012 Addenda | 0.00 | 0.00 | 0.00 |
| 2012 Total | 633.91 | 756.13 | 1,390.04 |
Capital Totals for the Biennium
| General Fund 2010-12 Biennium |
Nongeneral Fund 2010-12 Biennium |
Debt 2010-12 Biennium |
|---|---|---|
| $ 0 | $ 58,900,000 | $ 0 |
Recommended Operating Budget Addenda
-
Adjust nongeneral appropriation to reflect additional current tuition, fees and enrollment growthIncreases the nongeneral fund appropriation to account for the revenue generated from tuition and fees to support enrollment growth, and other educational and general programs.
FY 2011 FY 2012 Nongeneral Fund $ 4,098,641 $ 4,098,641
-
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 $ 90,297 $ 0
-
Increase appropriation for tuition supported student financial assistanceProvides additional appropriation for tuition supported student financial assistance.
FY 2011 FY 2012 Nongeneral Fund $ 0 $ 542,037
-
Provide additional appropriation for sponsored programsProvides increased nongeneral fund appropriation to reflect additional research grant funding generated by the institution's sponsored research programs.
FY 2011 FY 2012 Nongeneral Fund $ 600,000 $ 1,500,000
Recommended Capital Budget Addenda
-
Renovate Moffett HallProvides funds to renovate Moffett Hall, a 109,087 square foot student residence hall. The project will be funded from residence hall revenues.
FY 2011 FY 2012 Nongeneral Fund 12900000 0