The 2008 Executive Budget Document
Treasury Board
Mission Statement
To provide sufficient appropriations for the payment of outstanding and future debt obligations of the Commonwealth.
(While the Treasury Board is tasked by statute with many duties, the Treasury Board budget is limited to amounts required to pay principal and interest on tax-supported debt obligations of the Commonwealth.)
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 284,718,976 | $ 6,995,367 | 0.00 |
2006 Appropriation | $ 310,489,287 | $ 9,415,155 | 0.00 |
2007 Appropriation | $ 347,676,692 | $ 9,269,878 | 0.00 |
2008 Appropriation | $ 409,851,776 | $ 11,268,364 | 0.00 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 409,851,776 | $ 11,268,364 | 0.00 |
2009 Addenda | $ 54,935,032 | $ (1,883) | 0.00 |
2009 Total | $ 464,786,808 | $ 11,266,481 | 0.00 |
2010 Base Budget | $ 409,851,776 | $ 11,268,364 | 0.00 |
2010 Addenda | $ 143,185,948 | $ (3,847) | 0.00 |
2010 Total | $ 553,037,724 | $ 11,264,517 | 0.00 |
Recommended Operating Budget Addenda
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Adjust funding for debt service on outstanding and authorized obligationsProvides the funds necessary to pay debt service on bonds or other obligations. The total debt service appropriation provides for payments on outstanding obligations and amounts estimated to be necessary for debt service on projects authorized for general obligation, Virginia Public Building Authority, and Virginia College Building Authority (VCBA) financing. This adjustment reflects the net effect of additional issues less amounts retired over time. These amounts also assume $50 million in additional VCBA equipment authorization in each year. For 2009, an increase of $54.9 million (GF) and a decrease of $1,883 (NGF). For 2010, an increase of $92.7 million (GF) and a decrease of $3,847 (NGF).
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Provide debt service for new issuances through the Virginia Public Building Authority, Virginia College Building Authority and for general obligationProvides debt service funding for amounts owed on new authorizations and issuance in the 2008-2010 biennium for general obligation, the Virginia Public Building Authority (VPBA), and the Virginia College Building Authority (VCBA). The estimates reflect the issuance of bonds in the spring of calendar year 2009. For 2010, $50.5 million (GF).