Virginia College Savings Plan [174]
Secretarial Area: Independent Agencies
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 $0 $178,598,894 $178,598,894
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $0 $206,338,582 $206,338,582
2016-2018 2017 Chapter 1, 2018 Acts of Assembly $0 $241,398,915 $241,398,915
2016-2018 2018 Chapter 1, 2018 Acts of Assembly $0 $277,266,839 $277,266,839
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly $0 $280,517,037 $280,517,037
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $0 $280,120,929 $280,120,929
2020-2022 2021 Chapter 1289, 2020 Acts of Assembly $0 $285,933,169 $285,933,169
2020-2022 2021 Base Budget $0 $280,120,929 $280,120,929
2020-2022 2021 Governor's Amendments $0 $3,562,240 $3,562,240
2020-2022 2021 General Assembly Adjustments $0 $2,250,000 $2,250,000
2020-2022 2022 Chapter 1289, 2020 Acts of Assembly $0 $287,084,735 $287,084,735
2020-2022 2022 Base Budget $0 $280,120,929 $280,120,929
2020-2022 2022 Governor's Amendments $0 $4,713,806 $4,713,806
2020-2022 2022 General Assembly Adjustments $0 $2,250,000 $2,250,000
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2014-2016 2015 Chapter 732, 2016 Acts of Assembly 0.00 105.00 105.00
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 0.00 105.00 105.00
2016-2018 2017 Chapter 1, 2018 Acts of Assembly 0.00 115.00 115.00
2016-2018 2018 Chapter 1, 2018 Acts of Assembly 0.00 115.00 115.00
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 0.00 115.00 115.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 0.00 115.00 115.00
2020-2022 2021 Chapter 1289, 2020 Acts of Assembly 0.00 125.00 125.00
2020-2022 2021 Base Budget 0.00 115.00 115.00
2020-2022 2021 Governor's Amendments 0.00 10.00 10.00
2020-2022 2021 General Assembly Adjustments 0.00 0.00 0.00
2020-2022 2022 Chapter 1289, 2020 Acts of Assembly 0.00 125.00 125.00
2020-2022 2022 Base Budget 0.00 115.00 115.00
2020-2022 2022 Governor's Amendments 0.00 10.00 10.00
2020-2022 2022 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Adjust appropriation for centrally funded 2.75 percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the 2.75 percent salary increase for state employees budgeted in Central Appropriations, Item 474 T. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $254,283 $254,283
•
Adjust appropriation for centrally funded 2.25 percent merit-based salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the 2.25 percent merit-based salary increase for state employees budgeted in Central Appropriations, Item 474 V. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $174,879 $174,879
•
Adjust appropriation for centrally funded changes to state health insurance premiums Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 474 G. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $81,060 $81,060
•
Adjust appropriation for centrally funded changes to Cardinal Financials System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 475 L. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $52,924 $52,924
•
Adjust appropriation for centrally funded changes to agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes to information technology and telecommunications usage budgeted in Central Appropriations, Item 475 G. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $25,782 $25,782
•
Adjust appropriation for centrally funded changes to agency rental costs Base Budget Adjustment
  Adjusts appropriation for changes to agency rental costs at the seat of government budgeted in Central Appropriations, Item 475 J. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $16,487 $16,487
•
Adjust appropriation for centrally funded changes to Performance Budgeting System charges Base Budget Adjustment
  Adjusts appropriation for changes to Performance Budgeting System internal service fund charges budgeted in Central Appropriations, Item 475 M. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund ($13,173) ($13,173)
•
Adjust appropriation for centrally funded information technology auditors and security officers Base Budget Adjustment
  Adjusts appropriation for information technology auditors and information security officers budgeted in Central Appropriations, Item 475 K. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $12,244 $12,244
•
Adjust appropriation for centrally funded retirement rate changes Base Budget Adjustment
  Adjusts appropriation for changes to contribution rates for state employee retirement plans budgeted in Central Appropriations, Item 474 H. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $2,234 $2,234
•
Adjust appropriation for centrally funded state employee other post-employment benefit rate changes Base Budget Adjustment
  Adjusts appropriation for changes to state employee other post-employment benefit rates budgeted in Central Appropriations, Item 474 K. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund ($2,234) ($2,234)
•
Adjust appropriation for centrally funded workers’ compensation premium changes Base Budget Adjustment
  Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 474 R. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $693 $693
•
Adjust appropriation for centrally funded internal service fund charges for the Personnel Management Information System Base Budget Adjustment
  Adjusts appropriation for Personnel Management Information System internal service fund charges budgeted in Central Appropriations, Item 475 O. of Chapter 854, 2019 Acts of Assembly.
 
  FY FY
Nongeneral Fund $2 $2
•
Fund data security initiatives and operating expenses Decision Package
  Provides nongeneral fund appropriation to protect customer's personal information and support ongoing operating expenses. The agency will enhance the customer identification platform and process to verify personal data and detect fraudulent information. This amendment also supports the agency's daily operating expenses.
 
  FY FY
Nongeneral Fund $1,696,462 $2,472,467
•
Fund personnel expenses Decision Package
  Increases nongeneral fund appropriation both years to support staff expenses. The additional positions will support the agency's cyber security, compliance, and fraud awareness training efforts. The agency will absorb the additional six full-time equivalent positions within its current maximum employment level.
 
  FY FY
Nongeneral Fund $884,304 $884,304
•
Provide customer support and fraud prevention services Decision Package
  Provides nongeneral fund appropriation to support 10 full-time equivalent positions. The staff will assist customers with account transactions and protect the agency against data breaches.
 
  FY FY
Nongeneral Fund $376,293 $751,854
Positions 10.00 10.00
•
Fund the Achieving a Better Life Experience (ABLEnow) program General Assembly Adjustment
  This amendment provides additional nongeneral fund support for the ABLEnow program to help individuals with disabilities.
 
  FY FY
Nongeneral Fund $1,250,000 $1,250,000
•
Fund the SOAR program General Assembly Adjustment
  This amendment provides additional nongeneral funds to fully fund the Virginia SOAR program.
 
  FY FY
Nongeneral Fund $1,000,000 $1,000,000
•
Implement online system enhancements General Assembly Adjustment
  This amendment requires the Virginia College Savings Plan to include in any future enhancement to its website a memo field for customers to provide additional information regarding a transaction.


p3_bullets - Official Enacted Budget - 11-04-2026 15:46:19