The 2018 Executive Budget Document
Governor McAuliffe's Proposed Budget for the 2018-2020 Biennum
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Released on December 18, 2017 
 
Virginia Retirement System [158]
Secretarial Area: Independent Agencies
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
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $0 $59,630,594 $59,630,594
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $0 $68,971,559 $68,971,559
2014-2016 2015 Chapter 732, 2016 Acts of Assembly $0 $70,641,983 $70,641,983
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $124,705 $75,802,483 $75,927,188
2016-2018 2017 Chapter 1, 2018 Acts of Assembly $32,585 $85,467,959 $85,500,544
2016-2018 2018 Chapter 1, 2018 Acts of Assembly $50,000 $84,648,080 $84,698,080
2018-2020 2019 Governor's Proposed Budget $185,137 $93,366,389 $93,551,526
    Base Budget $50,000 $82,829,694 $82,879,694
    Addenda (Changes to the Base) $135,137 $10,536,695 $10,671,832
2018-2020 2020 Governor's Proposed Budget $80,000 $87,915,115 $87,995,115
    Base Budget $50,000 $82,829,694 $82,879,694
    Addenda (Changes to the Base) $30,000 $5,085,421 $5,115,421
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 0.00 314.00 314.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 0.00 325.00 325.00
2014-2016 2015 Chapter 732, 2016 Acts of Assembly 0.00 335.00 335.00
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 0.00 335.00 335.00
2016-2018 2017 Chapter 1, 2018 Acts of Assembly 0.00 337.00 337.00
2016-2018 2018 Chapter 1, 2018 Acts of Assembly 0.00 337.00 337.00
2018-2020 2019 Proposed Positions 0.00 364.00 364.00
    Base Budget 0.00 337.00 337.00
    Addenda (Changes to the Base) 0.00 27.00 27.00
2012-2014 2020 Proposed Positions 0.00 368.00 368.00
    Base Budget 0.00 337.00 337.00
    Addenda (Changes to the Base) 0.00 31.00 31.00
Operating Budget Addenda (in order of greatest impact)
•
Remove appropriation for modernization project Base Budget Adjustment
  Removes appropriation the agency received last biennium to pay for the fourth and final phase of the modernization project. The modernization project is expected to be complete in the spring of 2018.
 
  FY 2019 FY 2020
Nongeneral Fund ($5,760,135) ($5,760,135)
•
Fund implementation of final Modernization Program releases Decision Package
  Funds the implementation costs of the final three releases of the Modernization Program. The funding will complete the development, testing, and roll out of the fourth and final phase of the program. The project is expected to be completed in 2019.
 
  FY 2019 FY 2020
Nongeneral Fund $5,528,123 $0
•
Increase internally-managed investment activities Decision Package
  Provides nongeneral fund appropriation and five full-time equivalent positions to increase the number of internally-managed investment activities, as well as provide enhancements to activities already internally-managed.
 
  FY 2019 FY 2020
Nongeneral Fund $2,890,300 $2,436,900
Positions 5.00 5.00
•
Transition from use of information technology contractors to full-time staff Decision Package
  Provides nongeneral fund appropriation and three full-time equivalent positions to begin transitioning from using information technology contractors to full-time internal staff. The agency will begin hiring new staff and gradually decrease its use of contractors.
 
  FY 2019 FY 2020
Nongeneral Fund $2,032,290 $2,475,505
Positions 3.00 3.00
•
Undergo mandatory information technology upgrades Decision Package
  Provides nongeneral fund appropriation to enable the agency to begin replacing certain end-of-life information technology components and systems.
 
  FY 2019 FY 2020
Nongeneral Fund $1,538,372 $1,899,586
•
Strengthen cyber security Decision Package
  Provides nongeneral fund appropriation and three full-time equivalent positions to pay for certain upgrades, replacements, and ongoing costs related to the agency's information technology and cyber security.
 
  FY 2019 FY 2020
Nongeneral Fund $1,431,790 $1,302,610
Positions 3.00 3.00
•
Increase analytical and reporting activities in an effort to improve trust fund performance Decision Package
  Provides nongeneral fund appropriation and five full-time equivalent positions for analytical and reporting activities intended to improve the performance of the retirement trust fund.
 
  FY 2019 FY 2020
Nongeneral Fund $1,313,025 $1,273,025
Positions 5.00 5.00
•
Create agency risk management program and ensure compliance with legal and accounting standards Decision Package
  Provides nongeneral fund appropriation and two full-time equivalent positions to develop an agency risk management program, as well as assure compliance with certain legal and accounting standards.
 
  FY 2019 FY 2020
Nongeneral Fund $1,107,165 $857,165
Positions 2.00 2.00
•
Adjust appropriation for the centrally funded three percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the three percent salary increase for state employees budgeted in Central Appropriations, Item 475 X. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
Nongeneral Fund $962,374 $962,374
•
Adjust appropriation for centrally funded health insurance costs Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 475 G. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
Nongeneral Fund $685,586 $685,586
•
Remove appropriation for Business Solutions support services Base Budget Adjustment
  Removes appropriation for Business Solutions support services. The agency received additional appropriation last biennium to hire information technology contractors while the agency's regular information technology staff was working on the modernization project. As the modernization project is due to be complete in 2018, the additional contractors will no longer be needed.
 
  FY 2019 FY 2020
Nongeneral Fund ($500,000) ($500,000)
•
Remove appropriation for one-time costs associated with database management system upgrade Base Budget Adjustment
  Removes appropriation for the one-time costs associated with upgrading the agency's Microsoft SQL Server database management system.
 
  FY 2019 FY 2020
Nongeneral Fund ($302,167) ($302,167)
•
Adjust appropriation for centrally funded retirement rate changes Base Budget Adjustment
  Adjusts appropriation for changes in state employee retirement rates budgeted in Central Appropriations, Item 475 H. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
Nongeneral Fund ($188,578) ($188,578)
•
Remove appropriation for change management expert Base Budget Adjustment
  Removes appropriation the agency received last biennium for a change management expert. The agency previously indicated that the expert and the appropriation would not be needed after 2018.
 
  FY 2019 FY 2020
Nongeneral Fund ($113,570) ($113,570)
•
Remove appropriation for implementation costs of the Line of Duty Act program Base Budget Adjustment
  Removes appropriation for implementation costs of the Line of Duty Act program.
 
  FY 2019 FY 2020
Nongeneral Fund ($87,050) ($87,050)
•
Remove appropriation for implementation costs of identity and access management protection Base Budget Adjustment
  Reduces appropriation to reflect annual cost of identity and access management protection. This action removes the one-time implementation costs of the protection program.
 
  FY 2019 FY 2020
Nongeneral Fund ($86,036) ($86,036)
•
Fund administrative costs for the Volunteer Firefighters and Rescue Squad Workers' Service Award Fund Decision Package
  Provides additional general fund appropriation to administer the program.
 
  FY 2019 FY 2020
General Fund $135,137 $30,000
•
Implement efficiencies to improve customer service Decision Package
  Implements efficiencies to improve the agency's customer services by converting wage positions to full-time equivalent positions. The amendment also provides funding to conduct and analyze a customer survey and implement its findings.
 
  FY 2019 FY 2020
Nongeneral Fund $0 $145,000
Positions 6.00 10.00
•
Adjust appropriation for centrally funded state employee other post-employment benefit rate changes Base Budget Adjustment
  Adjusts appropriation for changes in state employee other post-employment benefit rates budgeted in Central Appropriations, Item 475 K. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
Nongeneral Fund $61,999 $61,999
•
Remove appropriation for implementation costs of new financial education program Base Budget Adjustment
  Removes appropriation for implementation costs of new financial education program.
 
  FY 2019 FY 2020
Nongeneral Fund ($57,000) ($57,000)
•
Adjust appropriation for the centrally funded changes in agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes in information technology and telecommunications usage budgeted in Central Appropriations, Item 476 G. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
Nongeneral Fund $50,193 $50,193
•
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 476 J. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
Nongeneral Fund $32,960 $32,960
•
Adjust appropriation for centrally funded workers’ compensation premium changes Base Budget Adjustment
  Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 475 V. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
Nongeneral Fund ($1,628) ($1,628)
•
Adjust appropriation for centrally funded changes in Cardinal charges Base Budget Adjustment
  Adjusts appropriation for the reduction in Cardinal charges budgeted in Central Appropriations, Item 476 L. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
Nongeneral Fund ($1,318) ($1,318)
•
Transfer appropriation between program areas Decision Package
  Transfers nongeneral fund appropriation between three program areas in order to align with the agency's internal budget.
•
Increase position level to reflect previously approved Line of Duty Act positions Decision Package
  Provides three full-time equivalent positions for the administration of the Line of Duty Act program. The appropriation for these positions was previously provided; however, the position level increase was inadvertently excluded.
 
  FY 2019 FY 2020
Positions 3.00 3.00


pdocagy2014 - Executive Budget Document Agency Details - 06-30-2025 08:11:45