The 2024 Executive Budget Document
Governor Youngkin's Proposed Budget for the 2024-2026 Biennum
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Released on December 20, 2023 
 
The College of William and Mary in Virginia [204]
Secretarial Area: Education
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 $48,255,414 $331,117,539 $379,372,953
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $51,049,308 $331,117,539 $382,166,847
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $54,664,162 $343,764,535 $398,428,697
2021-2024 2022 Chapter1, 2024 Acts of Assembly $69,752,363 $356,550,806 $426,303,169
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $55,497,162 $343,764,535 $399,261,697
2021-2024 2023 Chapter1, 2024 Acts of Assembly $68,106,563 $356,799,806 $424,906,369
2024-2026 2025 Governor's Proposed Budget $77,869,336 $391,336,374 $469,205,710
    Base Budget $68,106,563 $356,799,806 $424,906,369
    Addenda (Changes to the Base) $9,762,773 $34,536,568 $44,299,341
2024-2026 2026 Governor's Proposed Budget $77,168,536 $391,336,374 $468,504,910
    Base Budget $68,106,563 $356,799,806 $424,906,369
    Addenda (Changes to the Base) $9,061,973 $34,536,568 $43,598,541
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 545.16 882.96 1,428.12
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 552.16 882.96 1,435.12
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 552.16 882.96 1,435.12
2021-2024 2022 Chapter1, 2024 Acts of Assembly 558.16 882.96 1,441.12
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 555.16 882.96 1,438.12
2021-2024 2023 Chapter1, 2024 Acts of Assembly 558.16 882.96 1,441.12
2024-2026 2025 Proposed Positions 558.16 882.96 1,441.12
    Base Budget 558.16 882.96 1,441.12
    Addenda (Changes to the Base) 0.00 0.00 0.00
2012-2014 2026 Proposed Positions 558.16 882.96 1,441.12
    Base Budget 558.16 882.96 1,441.12
    Addenda (Changes to the Base) 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Increase nongeneral fund appropriation to match approved levels Decision Package
  Increases nongeneral fund appropriation in education and general programs, financial aid, debt service, and auxiliary enterprise programs to more accurately reflect expenditure levels authorized by the institution's board of visitors
 
  FY 2025 FY 2026
Nongeneral Fund $20,237,519 $20,237,519
•
Adjust appropriation for centrally funded five percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the five percent salary increase for state employees budgeted in Central Appropriations, Item 483 S. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $6,255,753 $6,255,753
Nongeneral Fund $12,350,349 $12,350,349
•
Continue Chapter 1 funding changes: Provide funding for two percent salary increase Decision Package
  Adjusts appropriation for the two percent salary increase for state and state supported local employees budgeted in Central Appropriations, Paragraphs S, T, U, and V of Item 483, Chapter 1, 2023 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $1,444,861 $1,444,861
•
Adjust appropriation for centrally funded changes to state health insurance premiums Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 483 G. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $356,666 $356,666
Nongeneral Fund $706,200 $706,200
•
Adjust appropriation for centrally funded five percent salary increase for adjunct faculty Base Budget Adjustment
  Adjusts appropriation for the five percent salary increase for adjunct faculty budgeted in Central Appropriations, Item 483 U. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $278,500 $278,500
Nongeneral Fund $459,341 $459,341
•
Adjust appropriation for centrally funded five percent salary increase for graduate teaching assistants Base Budget Adjustment
  Adjusts appropriation for the five percent salary increase for graduate teaching assistants budgeted in Central Appropriations, Item 483 V. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $182,193 $182,193
Nongeneral Fund $472,127 $472,127
•
Adjust appropriation for centrally funded minimum wage increases Base Budget Adjustment
  Adjusts appropriation to reflect the increase in the Virginia minimum wage effective January 1, 2023, and budgeted in Central Appropriations, Item 483 R. of Chapter 2, 2022 Acts of Assembly, Special Session I. The amounts provided support the annualized general fund cost of increasing the Virginia minimum wage from $11.00 per hour to $12.00 per hour or the equivalent annual salary of $24,960.
 
  FY 2025 FY 2026
General Fund $176,132 $176,132
Nongeneral Fund $285,749 $285,749
•
Continue Chapter 1 funding changes: Distribute financial aid and nursing faculty salary funding Decision Package
  Distributes the amounts initially provided under Item 255.5 of Chapter 1, 2023 Acts of Assembly, Special Session I, to the institution’s budget. These funds are provided to support need-based undergraduate financial aid and to address nursing shortages.
 
  FY 2025 FY 2026
General Fund $367,000 $367,000
•
Provide funding for campus safety and security initiatives Decision Package
  Provides one-time funding for campus safety and security initiatives in coordination with the Virginia Fusion Center.
 
  FY 2025 FY 2026
General Fund $700,800 $0
•
Adjust appropriation for centrally funded property insurance premium charges Base Budget Adjustment
  Adjusts appropriation for property insurance premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 484 J. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund ($31,774) ($31,774)
Nongeneral Fund ($51,099) ($51,099)
•
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 2025 FY 2026
General Fund $13,863 $13,863
Nongeneral Fund $27,492 $27,492
•
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 2025 FY 2026
General Fund $6,994 $6,994
Nongeneral Fund $31,250 $31,250
•
Adjust appropriation for centrally funded retirement rate changes Base Budget Adjustment
  Adjusts appropriation for changes to contribution rates for state employee retirement plans budgeted in Central Appropriations, Item 483 H. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $12,528 $12,528
Nongeneral Fund $20,144 $20,144
•
Adjust appropriation for centrally funded changes to Performance Budgeting system charges Base Budget Adjustment
  Adjusts appropriation for changes to Performance Budgeting system internal service fund charges budgeted in Central Appropriations, Item 484 H. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund ($1,279) ($1,279)
Nongeneral Fund ($9,091) ($9,091)
•
Adjust appropriation for centrally funded changes to agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes to information technology and telecommunications usage budgeted in Central Appropriations, Item 484 C. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $347 $347
Nongeneral Fund $5,181 $5,181
•
Adjust appropriation for centrally funded changes to Cardinal Financials System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 484 F. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $239 $239
Nongeneral Fund $1,482 $1,482
•
Adjust appropriation for centrally funded changes to Line of Duty Act premiums and enrollment Base Budget Adjustment
  Adjusts appropriation for Line of Duty Act premiums and enrollment changes budgeted in Central Appropriations, Item 483 O. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund ($50) ($50)
Nongeneral Fund ($76) ($76)
Capital Project Requests (in order of largest to smallest)
•
Supplement Renovate Dormitories project
  Provides additional appropriation to the nongeneral fund project in support of the University's housing facilities.
 
  FY 2025 FY 2026
Nongeneral Fund $5,000,000 $0


pdocagy2014 - Executive Budget Document Agency Details - 06-07-2025 13:19:41