The 2008 Executive Budget Document
James Madison University
Mission Statement
James Madison University is committed to preparing students to become educated and enlightened citizens who will live productive and meaningful lives.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 62,668,555 | $ 205,916,425 | 2,413.14 |
2006 Appropriation | $ 69,118,510 | $ 227,283,033 | 2,499.14 |
2007 Appropriation | $ 77,799,862 | $ 263,599,897 | 2,600.14 |
2008 Appropriation | $ 82,591,570 | $ 283,427,240 | 2,663.64 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 82,591,570 | $ 283,427,240 | 2,663.64 |
2009 Addenda | $ 2,182,628 | $ 10,649,785 | 127.30 |
2009 Total | $ 84,774,198 | $ 294,077,025 | 2,790.94 |
2010 Base Budget | $ 82,591,570 | $ 283,427,240 | 2,663.64 |
2010 Addenda | $ 2,182,628 | $ 23,142,417 | 154.80 |
2010 Total | $ 84,774,198 | $ 306,569,657 | 2,818.44 |
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, $3.5 million (GF).
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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, $755,781 (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, $79,028 (GF).
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Adjust nongeneral fund appropriation to reflect additional revenue for the eminent scholars programAdjust appropriation for James Madison University's share of Eminent Scholars Program For each year, $26,924 (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, $223,299 (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, $784,186 (GF).
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Transfer funding between debt service fund detail codesTransfers appropriation authority between funds to properly account for debt service on Harrisonburg High School facility and property.
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Annualize partially funded operation and maintenance funding for new facilitiesAdjusts agency appropriation to annualize operations and maintenance funding for the Center for Information Sciences and Technology Library. For each year, $271,152 (GF) and $310,719 (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 each year, a reduction of $4.8 million (GF).
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Increase auxiliary enterprise appropriationProvide additional nongeneral fund appropriation associated with auxiliary enterprise operations. These revenues will support continued operations for dormitories, dining services, athletics, parking, and nongeneral fund capital projects. For 2009, $9.2 million (NGF) and 11 positions. For 2010, $21.7 million (NGF) and 27.5 additional positions.
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Increase undergraduate student financial assistanceIncrease funding for need-based financial aid for in-state undergraduate students. For each year, $376,269 (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, $978,562 (GF) and $1.1 million (NGF).
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Increase positions to match operating fundingIncreases the position level of James Madison University to properly account for additional funding provided for enrollment growth. For 2009, 116.3 positions.
Capital Totals for the Biennium
General Fund 2008-10 Biennium |
Nongeneral Fund 2008-10 Biennium |
Debt 2008-10 Biennium |
---|---|---|
$ 0 | $ 2,000,000 | $ 67,276,000 |
Recommended Capital Budget Addenda
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Construct Center for the ArtsProvides additional funding for the cost of equipment and furnishings associated with the opening of the Center for the Arts. This project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $676,000 (NGF).
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Renovate and expand athletics and recreationProvides funding for the renovation and expansion of athletic and recreation facilities. The project will be funded from the issuance of 9(d) revenue bonds. For the biennium, $50.0 million (NGF).
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Acquire Rockingham Memorial HallProvides funding for the final phase of the purchase of Rockingham Memorial Hospital. This project will be funded from the issuance of bonds through the Virginia College Building Authority. For the biennium, $18.6 million (NGF).