The 2010 Executive Budget Document
Innovation and Entrepreneurship Investment Authority
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http://www.cit.org/
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Mission Statement
The Innovation and Entrepreneurship Investment Authority (IEIA) accelerates the next generation of technology and techology companies to make Virginia an attractive business location.
Operating Budget Summary
General Fund | Nongeneral Fund | Personnel Cost | |
---|---|---|---|
2007 Appropriation | $ 6,122,989 | $ 0 | $ 0 |
2008 Appropriation | $ 6,234,337 | $ 0 | $ 0 |
2009 Appropriation | $ 5,295,878 | $ 0 | $ (312,000) |
2010 Appropriation | $ 4,762,710 | $ 0 | $ 0 |
2011 Base Budget | $ 4,762,710 | $ 0 | $ 0 |
2011 Addenda | $ (738,960) | $ 0 | $ 0 |
2011 Total | $ 4,023,750 | $ 0 | $ 0 |
2012 Base Budget | $ 4,762,710 | $ 0 | $ 0 |
2012 Addenda | $ (738,960) | $ 0 | $ 0 |
2012 Total | $ 4,023,750 | $ 0 | $ 0 |
General Fund | Nongeneral Fund | Total Positions | |
---|---|---|---|
2007 Appropriation | 0.00 | 0.00 | 0.00 |
2008 Appropriation | 0.00 | 0.00 | 0.00 |
2009 Appropriation | 0.00 | 0.00 | 0.00 |
2010 Appropriation | 0.00 | 0.00 | 0.00 |
2011 Base Budget | 0.00 | 0.00 | 0.00 |
2011 Addenda | 0.00 | 0.00 | 0.00 |
2011 Total | 0.00 | 0.00 | 0.00 |
2012 Base Budget | 0.00 | 0.00 | 0.00 |
2012 Addenda | 0.00 | 0.00 | 0.00 |
2012 Total | 0.00 | 0.00 | 0.00 |
Recommended Operating Budget Addenda
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Distribute Central Appropriations amounts to agency budgetsAdjusts the agency budget to reflect amounts moved to or from Central Appropriations to cover the cost of items such as changes in retirement and other benefit contribution rates, as well as the distribution of other centrally funded items.
FY 2011 FY 2012 General Fund ($87,710) ($87,710)
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Reduce funding for technology and life-science investments programAdjusts funding available for equity investments to Virginia-based, seed-stage technology, and life science companies.
FY 2011 FY 2012 General Fund ($651,250) ($651,250)