Department of the Treasury [152]
Secretarial Area: Finance
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2010-2012 2011 Chapter 2, 2012 Acts of Assembly $7,933,287 $10,417,344 $18,350,631
2010-2012 2012 Chapter 2, 2012 Acts of Assembly $7,796,907 $10,752,123 $18,549,030
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $8,679,439 $10,737,794 $19,417,233
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $7,767,081 $10,737,794 $18,504,875
2014-2016 2015 Chapter 732, 2016 Acts of Assembly $7,795,088 $11,107,554 $18,902,642
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $8,065,414 $11,848,588 $19,914,002
2016-2018 2017 Chapter 780, 2016 Appropriation Act $9,244,847 $13,788,522 $23,033,369
2016-2018 2017 Base Budget $8,065,414 $11,848,588 $19,914,002
2016-2018 2017 Governor's Amendments $1,042,592 $1,939,934 $2,982,526
2016-2018 2017 General Assembly Adjustments $136,841 $0 $136,841
2016-2018 2018 Chapter 780, 2016 Appropriation Act $7,804,767 $14,267,590 $22,072,357
2016-2018 2018 Base Budget $8,065,414 $11,848,588 $19,914,002
2016-2018 2018 Governor's Amendments ($260,647) $2,419,002 $2,158,355
2016-2018 2018 General Assembly Adjustments $0 $0 $0
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2010-2012 2011 Chapter 2, 2012 Acts of Assembly 38.50 82.50 121.00
2010-2012 2012 Chapter 2, 2012 Acts of Assembly 38.50 82.50 121.00
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 35.50 85.50 121.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 35.50 85.50 121.00
2014-2016 2015 Chapter 732, 2016 Acts of Assembly 35.50 85.50 121.00
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 33.50 87.50 121.00
2016-2018 2017 Chapter 780, 2016 Appropriation Act 32.60 90.40 123.00
2016-2018 2017 Base Budget 33.50 87.50 121.00
2016-2018 2017 Governor's Amendments (0.90) 2.90 2.00
2016-2018 2017 General Assembly Adjustments 0.00 0.00 0.00
2016-2018 2018 Chapter 780, 2016 Appropriation Act 32.60 90.40 123.00
2016-2018 2018 Base Budget 33.50 87.50 121.00
2016-2018 2018 Governor's Amendments (0.90) 2.90 2.00
2016-2018 2018 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Distribute savings to agency budgets Base Budget Adjustment
  Moves savings budgeted centrally in Paragraph A, Item 471.10, Chapter 665, 2015 Acts of Assembly from Central Appropriations to the individual budgets of state agencies.
 
  FY FY
General Fund ($497,888) ($497,888)
•
Remove one-time funding for Unclaimed Property System web migration project Base Budget Adjustment
  Removes funding provided for contractor support. The project will be completed in 2016.
 
  FY FY
Nongeneral Fund ($300,000) ($300,000)
•
Adjust appropriation for centrally funded retirement rate changes Base Budget Adjustment
  Adjusts appropriation for changes in state employee retirement rates to 80 percent of the Virginia Retirement System Board certified rates budgeted in Central Appropriations, Item 467.H. of Chapter 665, 2015 Acts of Assembly. A companion adjustment provides funding to increase state employee retirement rates to 90 percent of the Virginia Retirement System Board certified rate.
 
  FY FY
General Fund $60,462 $60,462
Nongeneral Fund $147,586 $147,586
•
Remove one-time funding for relief for Jonathan Christopher Montgomery Base Budget Adjustment
  Removes the funding provided in 2016.
 
  FY FY
General Fund ($175,440) ($175,440)
•
Adjust appropriation for the centrally funded two percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the two percent salary increase for state employees budgeted in Central Appropriations, Item 467.P. of Chapter 665, 2015 Acts of Assembly.
 
  FY FY
General Fund $45,346 $45,346
Nongeneral Fund $108,125 $108,125
•
Adjust appropriation to accelerate the employer retirement contribution phase in schedule Base Budget Adjustment
  Adjusts appropriation for changes in employee retirement rates to 90 percent of the Virginia Retirement System Board certified rate budgeted in Central Appropriations, Item 467.U. of Chapter 665, 2015 Acts of Assembly.
 
  FY FY
General Fund $36,148 $36,148
Nongeneral Fund $84,881 $84,881
•
Adjust appropriation for the centrally funded compression pay adjustment for state employees Base Budget Adjustment
  Adjusts appropriation for the compression pay adjustment for state employees budgeted in Central Appropriations, Item 467.Q. of Chapter 665, 2015 Acts of Assembly.
 
  FY FY
General Fund $33,060 $33,060
Nongeneral Fund $78,829 $78,829
•
Adjust appropriation for centrally funded health insurance costs Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 467.G. of Chapter 665, 2015 Acts of Assembly.
 
  FY FY
General Fund $18,641 $18,641
Nongeneral Fund $57,679 $57,679
•
Adjust appropriation for changes in information technology costs Base Budget Adjustment
  Adjusts appropriation for the changes in information technology costs budgeted in Central Appropriations, Items 468.M. and 470.B. of Chapter 665, 2015 Acts of Assembly.
 
  FY FY
General Fund $19,612 $19,612
Nongeneral Fund $29,413 $29,413
•
Adjust appropriation for the centrally funded increase in internal service fund costs due to salary adjustments Base Budget Adjustment
  Adjusts appropriation to agencies to offset increases in internal service fund costs due to the salary and benefit adjustments in Chapter 665, 2015 Acts of Assembly.
 
  FY FY
General Fund $5,908 $5,908
Nongeneral Fund $7,769 $7,769
•
Adjust appropriation for centrally funded state employee other post employment benefit rate changes Base Budget Adjustment
  Adjusts appropriation for changes in state employee other post employment benefit rates budgeted in Central Appropriations, Item 467.K.3. of Chapter 665, 2015 Acts of Assembly.
 
  FY FY
General Fund $2,371 $2,371
Nongeneral Fund $5,789 $5,789
•
Remove excess nongeneral fund appropriation Base Budget Adjustment
  Reduces excess special fund appropriation in the Debt Management service area based on the agency's expenditure history.
 
  FY FY
Nongeneral Fund ($5,600) ($5,600)
•
Increase appropriation for unclaimed property compliance services Decision Package
  Adjusts the agency's nongeneral fund appropriation to cover the costs of compliance contractor fees for audits related to unclaimed property compliance services.
 
  FY FY
Nongeneral Fund $1,100,000 $1,100,000
•
Provide compensation for wrongful incarceration Decision Package
  Provides general fund support for the relief of Michael Kenneth McAlister.
 
  FY FY
General Fund $1,131,853 $0
•
Increase appropriation for unclaimed property renovations Decision Package
  Provides funding for renovations to the fifth floor of the Monroe Building. The renovations will increase security of personally identifiable information, add additional workspace, and improve safety for agency visitors and employees.
 
  FY FY
Nongeneral Fund $200,000 $862,952
•
Provide funding to support critical operating positions Decision Package
  Provides funding for staff to support the agency's operations.
 
  FY FY
General Fund $110,766 $178,735
Nongeneral Fund $140,171 $146,507
Positions 2.00 2.00
•
Automate investment key processes and functions Decision Package
  Provides one-time funding to support a systems coder/programmer contractor to develop detailed requirements and build the software to automate Cash Management and Investments' key processes and functions.
 
  FY FY
General Fund $240,000 $0
•
Enhance unclaimed property click and claim web application Decision Package
  Provides funding to enhance the application which will complete claimant actions electronically to reduce wait time and accelerate the return of funds to the owner.
 
  FY FY
Nongeneral Fund $192,000 $0
•
Update unclaimed property holder reporting portal file transfer protocol Decision Package
  Provides funding to update file transfer protocol in the Unclaimed Property Division. The update will ensure unclaimed property holder login and password information is properly secured.
 
  FY FY
Nongeneral Fund $48,000 $48,000
•
Adjust appropriation for the costs of the new Cardinal financial system Decision Package
  Reflects the agency's share of the costs of the new Cardinal accounting system. The Department of Accounts allocates the yearly cost of the system to agencies based upon the number of transactions the agency completed in the previous fiscal year.
 
  FY FY
General Fund $11,926 $12,539
Nongeneral Fund $17,986 $18,887
•
Provide nongeneral fund appropriation for Cardinal system charges Decision Package
  Increases nongeneral fund support to cover ongoing user costs associated with the Cardinal financial system. The Divisions of Unclaimed Property and Risk Management currently use the Cardinal financial system to process a significant amount of accounting transactions and to pay the state's insurance costs and claims. Treasury's nongeneral fund appropriation is increased to establish the costs in each division's base budget.
 
  FY FY
Nongeneral Fund $27,306 $28,185
•
Adjust appropriation to support workers' compensation premiums Decision Package
  Supports the agency's workers' compensation premiums based on the allocation of program costs provided by the Department of Human Resource Management. The allocation is based on the historical experience of the agency and reflects the current policy of providing agencies with 50 percent of any increased costs and allowing agencies to retain 50 percent of any reduced costs.
 
  FY FY
General Fund ($173) ($141)
•
Provide insurance for information security breach Decision Package
  Adds language to implement a pilot insurance program to self-insure data breaches for state agencies. In the event of a data breach, Treasury will assist agencies in meeting certain required expenses, up to a cap, such as forensic analysis, credit monitoring, and call centers to provide information for victims.
•
Reallocate base budget Decision Package
  Reallocates the agency's appropriation to align the base budget with expected expenditures. This action has a net-zero impact.
•
Transfer general fund appropriation to fund Trust Accounting quality review function Decision Package
  Adjusts appropriation to fund accounting manager position. The use of existing general fund appropriation requires a net-zero transfer between service areas.
 
  FY FY
Positions 0.00 0.00
•
Correct Appropriation for Relief of Michael Kenneth McAlister General Assembly Adjustment
  This amendment corrects a technical error in the appropriation for relief of Michael Kenneth McAlister, provided for by House Bill 700, included in the introduced budget.
 
  FY FY
General Fund $136,841 $0


p3_bullets - Official Enacted Budget - 06-04-2025 00:17:42