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
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 1, 2022 Acts of Assembly $1,495,332,411 $588,180,330 $2,083,512,741
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $2,877,595,000 $588,400,824 $3,465,995,824
2021-2024 2022 Chapter1, 2024 Acts of Assembly $2,358,113,028 $588,400,824 $2,946,513,852
2021-2024 2023 Chapter1, 2024 Acts of Assembly $1,675,917,865 $588,400,824 $2,264,318,689
2024-2026 2025 Chapter 2, 2024 Acts of Assembly, Special Session 1 $980,380,000 $498,206,085 $1,478,586,085
2024-2026 2025 Base Budget $1,386,332,425 $588,400,824 $1,974,733,249
2024-2026 2025 Governor's Amendments ($405,952,425) ($90,194,739) ($496,147,164)
2024-2026 2025 General Assembly Adjustments $0 $0 $0
2024-2026 2026 Chapter 2, 2024 Acts of Assembly, Special Session 1 $980,380,000 $498,206,085 $1,478,586,085
2024-2026 2026 Base Budget $1,386,332,425 $588,400,824 $1,974,733,249
2024-2026 2026 Governor's Amendments ($405,952,425) ($90,194,739) ($496,147,164)
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 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 1, 2022 Acts of Assembly 0.00 1.00 1.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 1.00 1.00
2021-2024 2022 Chapter1, 2024 Acts of Assembly 0.00 1.00 1.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 1.00 1.00
2024-2026 2025 Chapter 2, 2024 Acts of Assembly, Special Session 1 0.00 1.00 1.00
2024-2026 2025 Base Budget 0.00 1.00 1.00
2024-2026 2025 Governor's Amendments 0.00 0.00 0.00
2024-2026 2025 General Assembly Adjustments 0.00 0.00 0.00
2024-2026 2026 Chapter 2, 2024 Acts of Assembly, Special Session 1 0.00 1.00 1.00
2024-2026 2026 Base Budget 0.00 1.00 1.00
2024-2026 2026 Governor's Amendments 0.00 0.00 0.00
2024-2026 2026 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Remove appropriation for one-time Revenue Stabilization Fund deposit Base Budget Adjustment
  Removes appropriation for a one-time deposit to the Revenue Stabilization Fund.
 
  FY FY
General Fund ($405,952,425) ($405,952,425)
•
Adjust appropriation to match annual expenditures for the distributions of the Virginia Communications Sales and Use Tax Base Budget Adjustment
  Removes excess nongeneral fund appropriation. This fund has an increasing amount of unexpended appropriation throughout several fiscal years.
 
  FY FY
Nongeneral Fund ($90,000,000) ($90,000,000)
•
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
Nongeneral Fund $124 $124
•
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
Nongeneral Fund ($85) ($85)
•
Eliminate appropriation for Virginia Education Loan Authority Reserve Fund program Decision Package
  Eliminates appropriation for the Virginia Education Loan Authority Reserve Fund program. The Department of Accounts indicates that both the funds in this program have fulfilled all known obligations. A companion amendment in Part 3 of the budget bill directs the reversion of the balances in both the Loan Servicing Reserve Fund and Edvantage Reserve Fund to the general fund.
 
  FY FY
Nongeneral Fund ($194,778) ($194,778)
•
Align combined balance limit for the Revenue Stabilization and Revenue Reserve Funds with statute Decision Package
  Aligns the combined balance limit for the Revenue Stabilization and Revenue Reserve Funds with the existing 15 percent limitation in the Code of Virginia. The combined balance limit was temporarily raised to 20 percent through June 30, 2024. The combined balance of the two funds is projected to be in excess of 15 percent in 2025 and 2026, which will result in transfers of the excess amounts from the Revenue Reserve Fund to the general fund.


p3_bullets - Official Enacted Budget - 06-07-2025 07:39:36