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
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly $11,432,877 $38,453,465 $49,886,342
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $9,481,059 $38,457,891 $47,938,950
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $8,327,408 $41,966,549 $50,293,957
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $8,326,657 $42,076,549 $50,403,206
2021-2024 2022 Chapter1, 2024 Acts of Assembly $15,518,923 $55,075,139 $70,594,062
2021-2024 2023 Chapter1, 2024 Acts of Assembly $10,002,935 $55,100,226 $65,103,161
2024-2026 2025 Chapter 2, 2024 Acts of Assembly, Special Session 1 $12,806,728 $71,269,516 $84,076,244
2024-2026 2025 Base Budget $8,167,480 $55,100,226 $63,267,706
2024-2026 2025 Governor's Amendments $407,982 $16,169,290 $16,577,272
2024-2026 2025 General Assembly Adjustments $4,231,266 $0 $4,231,266
2024-2026 2026 Chapter 2, 2024 Acts of Assembly, Special Session 1 $8,550,462 $72,269,516 $80,819,978
2024-2026 2026 Base Budget $8,167,480 $55,100,226 $63,267,706
2024-2026 2026 Governor's Amendments $382,982 $17,169,290 $17,552,272
2024-2026 2026 General Assembly Adjustments $0 $0 $0
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 31.20 91.80 123.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 31.20 91.80 123.00
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 32.20 91.80 124.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 32.20 91.80 124.00
2021-2024 2022 Chapter1, 2024 Acts of Assembly 32.70 94.30 127.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 32.70 94.30 127.00
2024-2026 2025 Chapter 2, 2024 Acts of Assembly, Special Session 1 31.70 87.30 119.00
2024-2026 2025 Base Budget 32.70 94.30 127.00
2024-2026 2025 Governor's Amendments (1.00) (7.00) (8.00)
2024-2026 2025 General Assembly Adjustments 0.00 0.00 0.00
2024-2026 2026 Chapter 2, 2024 Acts of Assembly, Special Session 1 31.70 87.30 119.00
2024-2026 2026 Base Budget 32.70 94.30 127.00
2024-2026 2026 Governor's Amendments (1.00) (7.00) (8.00)
2024-2026 2026 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Adjust appropriation for centrally funded five percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the five percent salary increase for state employees budgeted in Central Appropriations, Item 483 S. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $315,475 $315,475
Nongeneral Fund $768,184 $768,184
•
Adjust appropriation for centrally funded property insurance premium charges Base Budget Adjustment
  Adjusts appropriation for property insurance premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 484 J. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $37,480 $37,480
Nongeneral Fund $66,339 $66,339
•
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 483 G. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $14,017 $14,017
Nongeneral Fund $44,599 $44,599
•
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 484 E. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $12,344 $12,344
Nongeneral Fund $27,561 $27,561
•
Annualize funding for investment accounting system Base Budget Adjustment
  Annualizes funding for ongoing contract costs of the investment accounting system.
 
  FY FY
General Fund $27,915 $27,915
•
Adjust appropriation for centrally funded changes to Cardinal Human Capital Management System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Human Capital Management System internal service fund charges budgeted in Central Appropriations, Item 484 G. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $4,260 $4,260
Nongeneral Fund $10,372 $10,372
•
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 484 F. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $2,045 $2,045
Nongeneral Fund $10,334 $10,334
•
Adjust appropriation for centrally funded workers’ compensation premium changes Base Budget Adjustment
  Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 483 P. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($1,159) ($1,159)
Nongeneral Fund ($5,498) ($5,498)
•
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 484 I. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($400) ($400)
Nongeneral Fund ($1,051) ($1,051)
•
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 484 H. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($335) ($335)
Nongeneral Fund ($950) ($950)
•
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 484 C. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($356) ($356)
Nongeneral Fund ($627) ($627)
•
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 484 D. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $21 $21
Nongeneral Fund $27 $27
•
Increase appropriation for increased costs of property insurance Decision Package
  Increases nongeneral fund appropriation to cover the projected cost of purchased property, aircraft, and watercraft insurance.
 
  FY FY
Nongeneral Fund $12,000,000 $12,000,000
•
Increase appropriation for the general liability insurance program Decision Package
  Increases nongeneral fund appropriation to cover the projected cost of the general liability insurance program.
 
  FY FY
Nongeneral Fund $3,000,000 $4,000,000
•
Upgrade Treasury investment management information technology systems Decision Package
  Increases nongeneral fund appropriation to upgrade IT systems used for treasury investment management activities.
 
  FY FY
Nongeneral Fund $250,000 $250,000
•
Continue Chapter 1 funding changes: Provide funding for two percent salary increase Decision Package
  Adjusts appropriation for the two percent salary increase for state and state supported local employees budgeted in Central Appropriations, Paragraphs S, T, U, and V of Item 483, Chapter 1, 2023 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $67,869 $67,869
•
Recover full costs of administration of Virginia School Authority Programs Decision Package
  Allows for the recovery of indirect costs for the administrative costs of the Virginia School Authority Program. Currently only direct costs are allowed to be recovered.
 
  FY FY
General Fund ($46,194) ($46,194)
•
Impose annual fee on private college users of the Virginia College Building Authority Decision Package
  Replaces a one time fee with an annual fee on institutions of higher education participating in the private college financing program of the Virginia College Building Authority. Such institutions are currently charged a one time fee of 10 basis points on the amount issued and would be charged a 10 basis point annual fee on the outstanding principal amount.
 
  FY FY
General Fund ($25,000) ($50,000)
•
Eliminate unfunded vacant positions Decision Package
  Eliminates eight unfunded vacant positions.
 
  FY FY
Positions (8.00) (8.00)
•
Establish base budget appropriation for Special Damages Fund Decision Package
  Transfers excess nongeneral fund appropriation from the Insurance Collateral Assessment fund to the Special Damages Fund. This action eliminates the need for an annual administrative appropriation transfer.
•
TRS: Defease Bonds Town of Craigsville General Assembly Adjustment
  This amendment provides up to $3.8 million from the general fund the first year to support defeasance of outstanding bonds on the Town of Craigsville's wastewater and water plants. The Augusta Correctional Center operated by the Department of Corrections has historically contributed operational funding for the wastewater plant and paid water usage rates to the town, but plans to close at the end of fiscal year 2024.
 
  FY FY
General Fund $3,800,000 $0
•
HB 641: Claim for Mr. David Kingrea General Assembly Adjustment
  This amendment provides $431,266 the first year from the general fund for the payment of a claim to Mr. David Kingrea in accordance with the provisions of House Bill 641.
 
  FY FY
General Fund $431,266 $0
•
Adjust NGF revenue estimates for Literary Fund actions General Assembly Adjustment
  Reflets the change in NGF revenue estimates resulting from General actions on Literary Fund amounts.
•
Surplus Lines Insurance General Assembly Adjustment
  This amendment directs the Department of the Treasury, in consultation with the Department of Taxation, to study the impact from exempting state agencies and authorities from being charged the insurance premiums license tax by surplus line brokers for insurance policies procured.


p3_bullets - Official Enacted Budget - 06-07-2025 16:54:27