The 2008 Executive Budget Document
Virginia State University
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 History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 29,723,681 | $ 57,850,263 | 752.06 |
2006 Appropriation | $ 31,257,407 | $ 60,064,830 | 752.06 |
2007 Appropriation | $ 35,226,314 | $ 67,775,131 | 754.06 |
2008 Appropriation | $ 37,187,802 | $ 69,353,143 | 760.06 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 37,187,802 | $ 69,353,143 | 760.06 |
2009 Addenda | $ 1,027,653 | $ 11,499,722 | 10.00 |
2009 Total | $ 38,215,455 | $ 80,852,865 | 770.06 |
2010 Base Budget | $ 37,187,802 | $ 69,353,143 | 760.06 |
2010 Addenda | $ 1,027,653 | $ 18,576,475 | 12.00 |
2010 Total | $ 38,215,455 | $ 87,929,618 | 772.06 |
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, $938,492 (GF) and $1.3 million (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, $178,917 (GF).
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Continue funding for the FY 2008 nursing faculty salary increaseContinues funding for the nursing salary increase effective November 25, 2007. For each year, $20,797 (GF).
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Adjust nongeneral fund appropriation for auxiliary enterprise programsIncreases the nongeneral fund appropriation to accommodate additional revenue for existing auxiliary enterprise programs such as housing operations, dining services and other sales activities. For each year, $4.0 million (NGF).
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Adjust student financial aid appropriationAdjusts the nongeneral fund appropriation for need based financial aid scholarships based on the increased cost of tuition as approved by the board of visitors. For each year, $642,000 (NGF).
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Adjust federal work study appropriationAdjusts the nongeneral fund appropriation needed to support an increased number of federal work study students. For each year, $200,000 (NGF).
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Increase appropriation for debt service paymentsAdjusts the nongeneral fund appropriation needed to pay debt service associated with various residence halls projects. For each year, $1.9 million (NGF).
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Increase nongeneral fund appropriation for insurance recoveryAdjusts the nongeneral fund appropriation authority needed for insurance recovery funds received each year. For each year, $146,000 (NGF).
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Adjust nongeneral fund appropriation for debt serviceAdjusts the nongeneral fund appropriation to accommodate debt service associated with Energy Services Company (ESCO) projects through the Virginia Energy Loan Program (VELP) authorized by the 2007 General Assembly. For each year, $260,000 (NGF).
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Transfer funds from Central Appropriations for faculty salariesTransfers funds from Central Appropriations for the one percent faculty salary increase provided in Chapter 847. For each year, $52,862 (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, $289,779 (GF).
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Increase nongeneral fund appropriation for education and general programsAdjusts the nongeneral fund appropriation to reflect anticipated tuition and fee revenue for educational and general programs. For 2009, $2.4 million (NGF). For 2010, $5.0 million (NGF).
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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 2009, a decrease of $1.2 million (GF) and 16 positions. For 2010, a decrease of $1.2 million (GF).
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Adjust nongeneral fund authorization for increased costs for auxiliary servicesAdjusts nongeneral fund appropriation needed for increases costs associated with new dormitories coming on line. For 2009, $435,591 (NGF). For 2010, $2.6 million (NGF).
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Increase nongeneral fund authorization for debt serviceAdjusts nongeneral fund authority to accommodate debt services payments associated with two residence hall projects authorized by the 2007 General Assembly. Debt payments are scheduled to begin in FY 2010. For 2010, $2.3 million (NGF).
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Increase undergraduate student financial assistanceIncreases funding for need-based financial aid for in-state undergraduate students. For each year, $537,073 (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, $253,089 (GF) and $291,189 (NGF).
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Establish technology positionsIncreases the position level authority in support of the transition of information technology services from an outsourced contract to staff. For 2009, 26 positions. For 2010, two additional positions.
Capital Totals for the Biennium
General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
---|---|---|
$ 0 | $ 3,333,000 | $ 38,342,000 |
Recommended Capital Budget Addenda
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Renovate and expand the bookstoreProvides funds to renovate and expand the campus bookstore. The existing facility is undersized for the current student population. Renovation activities will include the repair and upgrade electrical, lighting HVAC and plumbing systems, repair and replacement of windows, exterior doors and the roofing system. This project will be supported with auxiliary enterprise funds. For the biennium, $3.3 million (NGF).
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Construct Gateway Residence Hall, Phase IIProvides funds to support phase II of the Gateway 500 bed residence project and demolition of the Student Village. This phase of the project will construct a three-story building with single, two and four person suite configurations. This project will be funded from the issuance of 9(c) bonds. For the biennium, $38.3 million (NGF).