The 2008 Executive Budget Document
Virginia Institute of Marine Science
Mission Statement
The Virginia Institute of Marine Science conducts interdisciplinary research in coastal ocean and estuarine science, educates students and citizens, and provides advisory service to policy makers, industry, and the public.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 16,443,300 | $ 20,919,489 | 356.07 |
2006 Appropriation | $ 17,550,793 | $ 20,884,299 | 359.07 |
2007 Appropriation | $ 19,303,300 | $ 24,274,904 | 370.07 |
2008 Appropriation | $ 20,409,864 | $ 24,311,155 | 370.07 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 20,409,864 | $ 24,311,155 | 370.07 |
2009 Addenda | $ 1,028,801 | $ 504,092 | 0.00 |
2009 Total | $ 21,438,665 | $ 24,815,247 | 370.07 |
2010 Base Budget | $ 20,409,864 | $ 24,311,155 | 370.07 |
2010 Addenda | $ 1,028,801 | $ 504,092 | 0.00 |
2010 Total | $ 21,438,665 | $ 24,815,247 | 370.07 |
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, $1.4 million (GF) and $75,002 (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, $122,492 (GF).
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Adjust nongeneral fund appropriation to provide additional academic supportAdjusts the agency base to increase the 2008-2010 base for academic support and increased utility costs associated with the educational and general programs. For each year, $39,000 (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, $36,191 (GF).
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Transfer Fishery Resource Grant ProgramTransfers the Fishery Resource Grant Program from the University of Virginia to the institute to support the Virginia Sea Grant Program For each year, $210,000 (GF).
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Consolidate graduate financial assistance fundsEstablishes a higher education student financial assistance program in the institute's budget and consolidates existing graduate financial assistance transferred from the College of William and Mary. For each year, $83,527 (GF).
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Increase base operating supportProvides support for the core operations of the institute. For each year, $175,000 (GF).
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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 decrease of $1.0 million (GF) and an increase of $390,090 (NGF).