The College of William and Mary in Virginia provides a broad liberal education in a stimulating academic environment enhanced by a talented and diverse student body. Effective instruction encourages the intellectual development of both student and teacher. Quality research supports the educational program by introducing students to the challenge and excitement of original discovery, and is a source of the knowledge and understanding required for societal improvement. Through public and community service, the university fulfills its responsibility to the Commonwealth’s citizens as well as to the national and international communities.
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. more...
More historical data is available for this agency on DPB's website under the
Virginia's Budget page. If you click on the Budget Round Description links under any of the "DPB Appropriation Database" tables and open the filter you can select various fields to get greater detail and you can select the official chapter data going back for several decades. The "Caboose" chapters are the final biennial budget approved by the General Assembly and signed into Law.
Check it out here
Biennium
Fiscal Year
Source
GF
NGF
Total
2008-2010
2009
Chapter 872, 2010 Acts of Assembly
$48,940,692
$191,114,783
$240,055,475
2008-2010
2010
Chapter 872, 2010 Acts of Assembly
$43,638,305
$192,982,313
$236,620,618
2010-2012
2011
Chapter 2, 2012 Acts of Assembly
$42,893,893
$220,869,201
$263,763,094
2010-2012
2012
Chapter 2, 2012 Acts of Assembly
$39,161,091
$214,107,042
$253,268,133
2012-2014
2013
Chapter 1, 2014 Acts of Assembly
$40,663,169
$244,305,056
$284,968,225
2012-2014
2014
Chapter 1, 2014 Acts of Assembly
$42,402,263
$250,399,747
$292,802,010
2014-2016
2015
Governor's Proposed Budget
$46,395,409
$257,001,519
$303,396,928
Base Budget
$42,402,263
$246,599,747
$289,002,010
Addenda (Changes to the Base)
$3,993,146
$10,401,772
$14,394,918
2014-2016
2016
Governor's Proposed Budget
$46,288,538
$257,125,698
$303,414,236
Base Budget
$42,402,263
$246,599,747
$289,002,010
Addenda (Changes to the Base)
$3,886,275
$10,525,951
$14,412,226
Positions Budget Summary
Biennium
Fiscal Year
Source
GF
NGF
Total
2008-2010
2009
Chapter 872, 2010 Acts of Assembly
542.66
859.79
1,402.45
2008-2010
2010
Chapter 872, 2010 Acts of Assembly
542.66
859.79
1,402.45
2010-2012
2011
Chapter 2, 2012 Acts of Assembly
542.66
868.96
1,411.62
2010-2012
2012
Chapter 2, 2012 Acts of Assembly
542.66
868.96
1,411.62
2012-2014
2013
Chapter 1, 2014 Acts of Assembly
542.66
868.96
1,411.62
2012-2014
2014
Chapter 1, 2014 Acts of Assembly
542.66
868.96
1,411.62
2014-2016
2015
Proposed Positions
544.00
883.62
1,427.62
Base Budget
542.66
868.96
1,411.62
Addenda (Changes to the Base)
0.00
14.00
14.00
2012-2014
2016
Proposed Positions
544.00
883.62
1,427.62
Base Budget
542.66
868.96
1,411.62
Addenda (Changes to the Base)
1.34
14.66
16.00
Operating Budget Addenda (in order of greatest impact)
•
Increase nongeneral fund appropriation to accurately reflect tuition and fee revenue
Decision Package
Increases appropriation to reflect the budget approved by the board of visitors to support the institution's educational and general programs.
FY 2015
FY 2016
Nongeneral Fund
$3,800,000
$3,800,000
•
Increase nongeneral fund appropriation authority to reflect additional tuition revenue to support student financial assistance
Base Budget Adjustment
Adjusts the nongeneral fund appropriation authority to reflect additional tuition resources being allocated by the law school to raise graduate scholarships/fellowships.
FY 2015
FY 2016
Nongeneral Fund
$2,450,000
$2,450,000
•
Distribute Central Appropriation amounts to agency budgets
Base Budget Adjustment
Adjusts the agency budget to reflect amounts moved to or from Central Appropriations to cover the continued cost of public employee salary increases, increases in state employee health insurance premiums, changes in state employee retirement and other benefit contribution rates, and other centrally funded items being continued from the 2012-14 biennium into the 2014-16 biennium.
FY 2015
FY 2016
General Fund
$2,320,059
$2,320,059
•
Increase nongeneral fund appropriation to support undergraduate financial assistance
Decision Package
Increases the institution's budget to reflect additional undergraduate financial aid approved by the board of visitors.
FY 2015
FY 2016
Nongeneral Fund
$1,800,000
$1,800,000
•
Increase nongeneral fund appropriation to reflect increased debt service payments for an auxiliary services capital project
Decision Package
Adjusts the appropriation necessary to pay debt service associated with the acquisition of a former commercial property, now serving as a dormitory.
FY 2015
FY 2016
Nongeneral Fund
$1,396,236
$1,396,236
•
Provide support to higher education institutions to achieve the goals of the Virginia Higher Education Opportunity Act of 2011
Decision Package
Provides funding to higher education institutions in support of achieving the goals of the Virginia Higher Education Opportunity Act of 2011 (Top Jobs Act). The Top Jobs Act strives to incentivize higher education institutions to educate and graduate more Virginians, while encouraging more graduates in the sciences, technology, engineering, math, and health care fields, as well as supporting underrepresented students to graduate from higher education institutions. The goal is to achieve 100,000 additional undergraduate degrees by 2025 in order to keep the Commonwealth economically competitive, both nationally and internationally. The funding is also intended to slow the rising costs of tuition and fees in order to keep higher education both affordable and accessible.
FY 2015
FY 2016
General Fund
$1,116,062
$1,116,062
•
Increase nongeneral fund appropriation to support the operation of new dormitories
Decision Package
Adjusts the auxiliary enterprise appropriation and positions to provide sufficient maintenance for the university's newest student housing complexes.
FY 2015
FY 2016
Nongeneral Fund
$787,921
$787,921
Positions
14.00
14.00
•
Establish an eLearning platform
Decision Package
Provides funding for the creation of a campus-wide eLearning platform to support blended and online instruction in the professional schools and graduate programs as well as provide ongoing learning opportunities.
FY 2015
FY 2016
General Fund
$259,096
$348,206
Nongeneral Fund
$127,615
$251,794
Positions
2.00
2.00
•
Annualize faculty salary increases
Decision Package
Annualizes the funding for a three percent faculty salary increase provided in 2014.
Increases funding for need-based financial aid for in-state undergraduate students.
FY 2015
FY 2016
General Fund
$100,000
$100,000
•
Eliminate second year merger study funding
Decision Package
Reflects the conclusion of a study on the potential merger or partnership between the university and Eastern Virginia Medical School with a status report scheduled for release on or before June 30, 2015.
FY 2015
FY 2016
General Fund
$0
($200,000)
•
Increase graduate student financial assistance
Decision Package
Increases financial aid to retain and attract qualified graduate students to assist with the university's research program.
FY 2015
FY 2016
General Fund
$72,322
$72,322
•
Fund changes in state employee workers' compensation premiums
Decision Package
Adjusts the agency's budget for workers' compensation premiums based on the allocation of 2015 and 2016 program costs provided by the Department of Human Resource Management. The allocation is based on the historical experience of the agency and reflects the current policy of providing agencies with 50 percent of any increased costs and allowing agencies to retain 50 percent of any reduced costs.
FY 2015
FY 2016
General Fund
($45,771)
($43,588)
•
Adjust funding for premium changes in the Automobile Insurance Liability program
Decision Package
Adjusts agency funding for the approved premium changes in the state's Automobile Insurance Liability program.
FY 2015
FY 2016
General Fund
$41,372
$41,372
•
Increase nongeneral fund appropriation to reflect additional revenue for surplus property
Base Budget Adjustment
Adjusts the nongeneral fund appropriation authority to reflect additional funding resulting from the sale of educational and general surplus property.
FY 2015
FY 2016
Nongeneral Fund
$40,000
$40,000
•
Adjust agency appropriation for the cost of Performance Budgeting system charges
Decision Package
Provides appropriation to pay for the agency's share of ongoing Performance Budgeting system operating and maintenance costs. The general fund share of this cost was previously budgeted in Central Appropriations.
FY 2015
FY 2016
General Fund
$4,195
$4,195
•
Fund agency costs for the new Cardinal accounting system
Decision Package
Provides appropriation to the agency's budget to pay for the agency's share of the costs for the new Cardinal accounting system. The Department of Accounts allocates the yearly cost of the system to agencies based upon the number of transactions the agency completed in the previous fiscal year.
FY 2015
FY 2016
General Fund
$0
$1,831
•
Adjust funding to agencies for information technology and telecommunication charges
Decision Package
Adjusts the agency budget for information technology and telecommunication charges based on the required cost of living adjustments contained in the Northrop Grumman contract and the elimination of the debt recovery surcharge originally approved by the Joint Legislative Audit and Review Commission on July 12, 2010.
FY 2015
FY 2016
General Fund
($436)
($431)
•
Adjust funding for state agency Line of Duty costs
Decision Package
Adjusts funding for state agency Line of Duty Act premiums based on the 2015 and 2016 premium rates set by the Virginia Retirement System.
FY 2015
FY 2016
General Fund
$106
$106
Capital Project Requests (in order of largest to smallest)
•
Renovate dormitories
Provides support for exterior and interior repairs to the institution's dormitories to ensure a safe, operational, and code compliant housing environment. The project will be funded from the issuance of 9(c) revenue bonds.
FY 2015
FY 2016
Nongeneral Fund
$16,000,000
$0
•
Improve auxilliary facitlities
Provides funding for improvements to conference services, dining services, parking, recreational facilities, and student services. This project will be funded from the issuance of 9(d) revenue bonds.
