Virginia Retirement System (158)
| Request Title | Support the internal management of cash assets |
| Biennium | 2014-2016 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Provides nongeneral fund appropriation and three full-time positions to facilitate the internal management of cash investments. The transition to internal cash investment management will produce significant savings compared to external management fees. |
Funding Summary
| Object Type | FY 2014 | FY 2015 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $1,156,100 | $1,156,100 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 3.00 | 3.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 725 | Investment, Trust, And Insurance Services | $1,156,100 | $1,156,100 | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0718 | Vrs Administrative Expense Fund | $1,156,100 | $1,156,100 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 725 | Investment, Trust, and Insurance Services | 3.00 | 3.00 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-03-2025 20:41:06
