Department of Accounts Transfer Payments [162]
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
2014-2016 2015 Chapter 732, 2016 Acts of Assembly $1,372,135,048 $552,665,529 $1,924,800,577
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $999,565,000 $555,665,529 $1,555,230,529
2016-2018 2017 Chapter 1, 2018 Acts of Assembly $1,605,137,105 $564,665,529 $2,169,802,634
2016-2018 2018 Chapter 1, 2018 Acts of Assembly $998,895,000 $556,707,398 $1,555,602,398
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly $1,341,622,895 $557,930,925 $1,899,553,820
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $1,261,836,731 $585,961,960 $1,847,798,691
2020-2022 2021 Chapter 552, 2021 Acts of Assembly, Special Session I $1,495,332,411 $588,180,330 $2,083,512,741
2020-2022 2021 Previous Legislative Appropriation $1,056,304,780 $588,180,330 $1,644,485,110
2020-2022 2021 Governor's Amendments $189,027,631 $0 $189,027,631
2020-2022 2021 General Assembly Adjustments $250,000,000 $0 $250,000,000
2020-2022 2022 Chapter 552, 2021 Acts of Assembly, Special Session I $1,628,895,000 $588,400,824 $2,217,295,824
2020-2022 2022 Previous Legislative Appropriation $1,296,408,177 $588,400,824 $1,884,809,001
2020-2022 2022 Governor's Amendments $332,486,823 $0 $332,486,823
2020-2022 2022 General Assembly Adjustments $0 $0 $0
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2014-2016 2015 Chapter 732, 2016 Acts of Assembly 0.00 1.00 1.00
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 0.00 1.00 1.00
2016-2018 2017 Chapter 1, 2018 Acts of Assembly 0.00 1.00 1.00
2016-2018 2018 Chapter 1, 2018 Acts of Assembly 0.00 1.00 1.00
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 0.00 1.00 1.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 0.00 1.00 1.00
2020-2022 2021 Chapter 552, 2021 Acts of Assembly, Special Session I 0.00 1.00 1.00
2020-2022 2021 Previous Legislative Appropriation 0.00 1.00 1.00
2020-2022 2021 Governor's Amendments 0.00 0.00 0.00
2020-2022 2021 General Assembly Adjustments 0.00 0.00 0.00
2020-2022 2022 Chapter 552, 2021 Acts of Assembly, Special Session I 0.00 1.00 1.00
2020-2022 2022 Previous Legislative Appropriation 0.00 1.00 1.00
2020-2022 2022 Governor's Amendments 0.00 0.00 0.00
2020-2022 2022 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Provide funding to the Revenue Reserve Decision Package
  Provides appropriation for a voluntary deposit to the Commonwealth's Revenue Reserve Fund.
 
  FY FY
General Fund $0 $650,000,000
•
Move reductions to agency budget Decision Package
  Moves the reductions included in Item 482.20 of the 2020 Special Session Appropriation Act from Central Appropriations to the agency budget.
 
  FY FY
General Fund $0 ($300,000,000)
•
Provide a payment to the Virginia Retirement System to reduce unfunded liabilities Decision Package
  Provides a one-time payment to the Virginia Retirement System to assist in the reduction of unfunded liabilities. This payment is to be targeted at the public school teachers retirement plan and the state employee health insurance credit program.
 
  FY FY
General Fund $100,000,000 $0
•
Deposit First Year Funding in Revenue Reserve (2020 Special Session General Assembly Action - 275 #1c) Decision Package
  This amendment provides a $89.0 million deposit in the Revenue Reserve Fund in fiscal year 2021 to increase the Commonwealth's cash balances to provide increased financial flexibility to safeguard against any additional revenue decreases.
 
  FY FY
General Fund $89,027,631 $0
•
Strike Proposed Set Aside for Estimated FY 2024 RDF Deposit (2020 Special Session General Assembly Action - 274 #1c) Decision Package
  This amendment eliminates $89.0 million from the general fund included in the introduced budget in fiscal year 2022 for the estimated required fiscal year 2024 deposit into the Rainy Day Fund. The deposit, which will be calculated based on fiscal year 2022 actual revenues, is not made until fiscal year 2024. The $89.0 million funding is being redirected to a companion amendment which deposits $89.0 million into the Revenue Reserve Fund in fiscal year 2021 to increase the Commonwealth's cash balances and ensure greater financial flexibility. Language included in Item 275 allows for the transfer of amounts from the Revenue Reserve Fund to the RDF if required to meet any Constitutionally-mandated deposit.
 
  FY FY
General Fund $0 ($89,027,631)
•
Appropriate future mandatory Revenue Stabilization Fund deposit Decision Package
  Appropriates amounts estimated to be required for a future mandatory deposit to the Revenue Stabilization Fund. (Item 274)
 
  FY FY
General Fund $0 $71,514,454
•
Increase First Year Deposit into Revenue Reserve General Assembly Adjustment
  This amendment increases the deposit into the revenue reserve fund in fiscal year 2021 by $250.0 million. Including this deposit, total reserves in the rainy day fund and revenue reserve would be approximately $2.1 billion by the end of the biennium.
 
  FY FY
General Fund $250,000,000 $0


p3_bullets - Official Enacted Budget - 06-07-2025 16:57:45