Virginia Commonwealth University [236]
Secretarial Area: Education
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 $182,964,379 $760,511,620 $943,475,999
2010-2012 2012 Chapter 2, 2012 Acts of Assembly $171,074,197 $736,939,400 $908,013,597
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $182,372,124 $826,552,715 $1,008,924,839
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $189,122,320 $851,328,132 $1,040,450,452
2014-2016 2015 Chapter 732, 2016 Acts of Assembly $193,707,053 $885,653,744 $1,079,360,797
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $199,048,008 $886,153,744 $1,085,201,752
2016-2018 2017 Chapter 780, 2016 Appropriation Act $219,804,905 $893,114,463 $1,112,919,368
2016-2018 2017 Base Budget $199,048,008 $886,153,744 $1,085,201,752
2016-2018 2017 Governor's Amendments $15,533,523 $6,960,719 $22,494,242
2016-2018 2017 General Assembly Adjustments $5,223,374 $0 $5,223,374
2016-2018 2018 Chapter 780, 2016 Appropriation Act $217,717,363 $893,114,463 $1,110,831,826
2016-2018 2018 Base Budget $199,048,008 $886,153,744 $1,085,201,752
2016-2018 2018 Governor's Amendments $15,541,117 $6,960,719 $22,501,836
2016-2018 2018 General Assembly Adjustments $3,128,238 $0 $3,128,238
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2010-2012 2011 Chapter 2, 2012 Acts of Assembly 1,507.80 3,792.29 5,300.09
2010-2012 2012 Chapter 2, 2012 Acts of Assembly 1,507.80 3,792.29 5,300.09
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 1,507.80 3,792.29 5,300.09
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 1,507.80 3,792.29 5,300.09
2014-2016 2015 Chapter 732, 2016 Acts of Assembly 1,507.80 3,792.29 5,300.09
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 1,507.80 3,792.29 5,300.09
2016-2018 2017 Chapter 780, 2016 Appropriation Act 1,507.80 3,792.29 5,300.09
2016-2018 2017 Base Budget 1,507.80 3,792.29 5,300.09
2016-2018 2017 Governor's Amendments 0.00 0.00 0.00
2016-2018 2017 General Assembly Adjustments 0.00 0.00 0.00
2016-2018 2018 Chapter 780, 2016 Appropriation Act 1,507.80 3,792.29 5,300.09
2016-2018 2018 Base Budget 1,507.80 3,792.29 5,300.09
2016-2018 2018 Governor's Amendments 0.00 0.00 0.00
2016-2018 2018 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
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 $2,367,163 $2,367,163
Nongeneral Fund $3,949,115 $3,949,115
•
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 $1,879,566 $1,879,566
Nongeneral Fund $2,994,978 $2,994,978
•
Adjust nongeneral fund appropriation for tuition and fee revenue Base Budget Adjustment
  This base adjustment increases the university's nongeneral fund appropriation for Educational and General Programs (E&G) to account for additional revenue generated in FY 2015. The revenue was generated from students taking more credit hours than originally projected.
 
  FY FY
Nongeneral Fund $4,600,000 $4,600,000
•
Continue fiscal year 2016 faculty salary increase funding Base Budget Adjustment
  Continues the funding for the faculty salary increase amounts authorized in Chapter 665, 2015 Acts of Assembly.
 
  FY FY
General Fund $358,550 $358,550
Nongeneral Fund $3,262,759 $3,262,759
•
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 $1,345,446 $1,345,446
Nongeneral Fund $2,148,457 $2,148,457
•
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 $1,042,610 $1,042,610
Nongeneral Fund $1,750,715 $1,750,715
•
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 $722,207 $722,207
Nongeneral Fund $1,109,496 $1,109,496
•
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 $122,390 $122,390
Nongeneral Fund $200,326 $200,326
•
Adjust appropriation for the centrally funded two percent salary increase for state employees in high turnover roles Base Budget Adjustment
  Adjusts appropriation for the two percent salary increase for state employees in high turnover roles budgeted in Central Appropriations, Item 467.T. of Chapter 665, 2015 Acts of Assembly.
 
  FY FY
General Fund $74,986 $74,986
Nongeneral Fund $131,907 $131,907
•
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 ($28,723) ($28,723)
Nongeneral Fund ($87,699) ($87,699)
•
Adjust appropriation for a salary increase for security officer roles Base Budget Adjustment
  Adjusts appropriation for a $1,000 salary increase for employees in Security Officer I and III roles.
 
  FY FY
General Fund $4,093 $4,093
Nongeneral Fund $6,271 $6,271
•
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 $3,589 $3,589
Nongeneral Fund $4,823 $4,823
•
Transfer funding from State Health Services to Educational and General Program Base Budget Adjustment
  This base adjustment will be a permanent transfer of $4,000,000 from state health services to educationalal and general programs (E&G) to support the FY 2015 nongeneral fund appropriation from tuition and fee revenue. Historical data is not available on the new per credit hour model, and student behavior is still being observed as the model is in its second year of implementation. Currently, students have been taking more credit hours than projected, therefore revenue collections have been higher than expected, causing the need for additional appropriation in E&G programs. This revenue will continue to be required in the 2016-2018 biennium. This adjustment is a zero sum transfer.
•
Adjust nongeneral fund appropriation for auxiliary enterprise programs Decision Package
  This technical adjustment reduces the nongeneral fund appropriation for auxiliary enterprise programs to more accurately reflect the resources needed in the upcoming biennium. The appropriation is overstated given the nongeneral funds that were provided as part of the central account distributions and the university had excess appropriation at the end of the last fiscal year.
 
  FY FY
Nongeneral Fund ($20,000,000) ($20,000,000)
•
Adjust nongeneral fund appropriation to reflect additional tuition and fee revenue Decision Package
  This technical adjustment provides additional nongeneral fund appropriation authority for tuition and fee revenue, as set by the board of visitors last spring for the 2016 academic year. The revenue was generated by increases in sales and service revenues.
 
  FY FY
Nongeneral Fund $4,914,571 $4,914,571
•
Increase undergraduate student financial aid Decision Package
  Increases funding for need-based financial aid for in-state undergraduate students.
 
  FY FY
General Fund $4,417,541 $4,417,541
•
Provide funding to increase access and completion Decision Package
  Incentivizes higher education institutions to educate and graduate more Virginians and supports underrepresented students' college completion.
 
  FY FY
General Fund $3,090,610 $3,090,610
•
Adjust the nongeneral fund appropriation for state health services Decision Package
  This technical adjustment provides additional nongeneral fund appropriation for State Health Services based on projected spending levels for the current fiscal year. Consistent with the internal service agreements, this program supports several administrative functions at the medical center.
 
  FY FY
Nongeneral Fund $1,975,000 $1,975,000
•
Fund Parkinson's and Movement Disorder Center at Virginia Commonwealth University Decision Package
  Provides additional funding to support the Parkinson's and Movement Disorder Center at Virginia Commonwealth University.
 
  FY FY
General Fund $100,000 $100,000
•
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 $26,206 $33,573
•
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 $5,278 $5,505
•
Adjust appropriation to support Line of Duty Act premiums Decision Package
  Adjusts the agency's appropriation based on the premium rates set by the Virginia Retirement System and most recent roster of eligible state employees.
 
  FY FY
General Fund $2,011 $2,011
•
Transfer appropriation between fund details in sponsored programs Decision Package
  Transfers dollars among fund details to align the university's budget with anticipated expenditure patterns in sponsored programs.
•
Transfer dollars between fund and fund detail to align budget for state health services Decision Package
  This technical adjustment properly aligns the nongeneral fund appropriation in the correct fund detail required to support expenditures for the university's state sealth services program.
•
Transfer dollars between fund details in auxiliary enterprise programs Decision Package
  This technical request transfers dollars between fund details in auxiliary enterprises to provide sufficient student work study appropriation.
•
Transfer nongeneral revenue between programs and fund details to support work study Decision Package
  This technical request transfers funding from auxiliary enterprise programs to student financial assistance to provide need-based financial assistance and to help ensure retention and graduation of continuing students with high academic achievement and financial aid.
•
Massey Cancer Center General Assembly Adjustment
  This amendment provides additional funding to expand research capacity at Massey Cancer Center.
 
  FY FY
General Fund $3,000,000 $3,000,000
•
Access and Affordability Funding General Assembly Adjustment
  This amendment provides additional general funds to support the goals of access, affordability, quality and increased degrees. It also reflects legislative intent with regard to in-state undergraduate tuition increases.
 
  FY FY
General Fund $1,279,502 $3,283,761
•
Move Financial Aid to SCHEV General Assembly Adjustment
  This amendment and other companion amendments move the proposed new financial aid funding for fiscal year 2018 into the State Council of Higher Education for Virginia. The distribution of these financial aid funds will be recommended prior to the 2018 Session by the Joint Subcommittee on the Future Competitiveness of Virginia Higher Education as part of its financial aid reform review.
 
  FY FY
General Fund $0 ($4,417,541)
•
VCU - Initiatives General Assembly Adjustment
  This amendment provides additional general funds to continue and expand three programs (Partnership between VCU and Virginia Repertory Theatre, Commonwealth Center for Advanced Logistics, and Modeling and Simulation at the Port of Virginia) at Virginia Commonwealth University.
 
  FY FY
General Fund $500,000 $500,000
•
Increase Graduate Financial Aid General Assembly Adjustment
  This amendment provides funding for graduate financial aid based on the State Council of Higher Education for Virginia's recommendations.
 
  FY FY
General Fund $362,547 $525,693
•
Fund Substance Abuse Fellowship Program at the VCU School of Medicine General Assembly Adjustment
  This amendment provides $25,000 from the general fund the first year and $180,000 from the general fund the second year to fund a substance abuse fellowship program at the Virginia Commonwealth University's (VCU's) School of Medicine. Initial funding is for start-up and for the recruitment of a fellowship to begin on July 1, 2017.
 
  FY FY
General Fund $25,000 $180,000
•
Fund Council on Economic Education General Assembly Adjustment
  This amendment provides an additional $56,325 from the general fund in each year of the biennium for the Council on Economic Education at Virginia Commonwealth University.
 
  FY FY
General Fund $56,325 $56,325
Capital Project Requests (in order of largest to smallest)
•
Construct School of Engineering Research Expansion
  Construct a new 120,000 square foot building to alleviate a shortage of research space for the School of Engineering. The new facility accommodates growth in programs and students and faculty, consistent with the university's strategic plan and include wet and dry lab research laboratories, lab support space, offices for researchers, and graduate and post doctoral students arranged to encourage cross-disciplinary collaboration. Also included in the facility is Innovation Maker facilities, a vivarium, and interactive areas for collaboration and group seminars. This portion of the project will be financed from the issuance of 9(d) bonds.
 
  FY FY
Nongeneral Fund $41,341,000 $0
•
Construct School of Allied Health Professions Building
  Constructs a new 154,100 square foot seven-story building to consolidate the eleven departments in the School of Allied Health Professions. The proposed site is currently occupied by aging low-rise dormitories located on the corner of 10th and Leigh Streets on the MCV Campus which will be demolished. The existing School of Allied Health Professions is located in five buildings and spread between two campuses. In many cases, they are located in some of the university's most inadequate instructional and research spaces. This portion of the project will be financed from the issuance of 9(d) bonds.
 
  FY FY
Nongeneral Fund $10,800,000 $0


p3_bullets - Official Enacted Budget - 06-04-2025 00:23:04