Virginia Retirement System (158)
| Request Title | Replace financial management system |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Category | Information technology |
| Region | Richmond Area |
Description
|
Replaces the financial management system in the first year and provides ongoing system and maintenance support in the second year. The financial management system serves as the source for all of the agency's financial transactions, including investment activities, processing of monthly retiree payroll, operating budget expenditures, and financial reporting required for the pension and other post-employment benefit plans. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $731,500 | $100,000 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| 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 2020 | FY 2021 |
| 799 | Administrative And Support Services | $731,500 | $100,000 | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 07180 | Vrs Administrative Expense | $731,500 | $100,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 18:18:39
