The 2024 Executive Budget Document
Governor Youngkin's Proposed Budget for the 2024-2026 Biennum
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Released on December 20, 2023 
 
James Madison University [216]
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 $93,924,239 $490,557,543 $584,481,782
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $98,202,166 $490,557,543 $588,759,709
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $108,156,098 $542,779,447 $650,935,545
2021-2024 2022 Chapter1, 2024 Acts of Assembly $144,494,225 $556,485,957 $700,980,182
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $113,435,498 $542,779,447 $656,214,945
2021-2024 2023 Chapter1, 2024 Acts of Assembly $150,126,913 $556,485,957 $706,612,870
2024-2026 2025 Governor's Proposed Budget $172,013,623 $611,986,768 $784,000,391
    Base Budget $150,126,913 $556,485,957 $706,612,870
    Addenda (Changes to the Base) $21,886,710 $55,500,811 $77,387,521
2024-2026 2026 Governor's Proposed Budget $170,416,348 $631,475,989 $801,892,337
    Base Budget $150,126,913 $556,485,957 $706,612,870
    Addenda (Changes to the Base) $20,289,435 $74,990,032 $95,279,467
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 1,167.39 2,440.41 3,607.80
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 1,167.39 2,440.41 3,607.80
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 1,278.00 2,631.52 3,909.52
2021-2024 2022 Chapter1, 2024 Acts of Assembly 1,294.53 2,873.38 4,167.91
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 1,278.00 2,631.52 3,909.52
2021-2024 2023 Chapter1, 2024 Acts of Assembly 1,294.53 2,873.38 4,167.91
2024-2026 2025 Proposed Positions 1,309.22 2,873.38 4,182.60
    Base Budget 1,294.53 2,873.38 4,167.91
    Addenda (Changes to the Base) 14.69 0.00 14.69
2012-2014 2026 Proposed Positions 1,309.22 2,873.38 4,182.60
    Base Budget 1,294.53 2,873.38 4,167.91
    Addenda (Changes to the Base) 14.69 0.00 14.69
Operating Budget Addenda (in order of greatest impact)
•
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 $10,991,739 $10,991,739
Nongeneral Fund $15,646,406 $15,646,406
•
Increase auxiliary programs appropriations to align with six-year nongeneral fund revenue estimates Decision Package
  Increases nongeneral fund appropriation in 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 $14,396,512 $33,885,733
•
Increase sponsored programs appropriation Decision Package
  Increases nongeneral fund appropriation in sponsored programs to more accurately reflect revenue and expenditure levels authorized by the institution's board of visitors.
 
  FY 2025 FY 2026
Nongeneral Fund $11,500,000 $11,500,000
•
Increase auxiliary programs appropriation Decision Package
  Increases nongeneral fund appropriation in auxiliary enterprise programs to more accurately reflect expenditure levels authorized by the institution's board of visitors.
 
  FY 2025 FY 2026
Nongeneral Fund $10,967,528 $10,967,528
•
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 $3,577,000 $3,577,000
•
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 $2,560,930 $2,560,930
•
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 $667,671 $667,671
Nongeneral Fund $1,029,201 $1,029,201
•
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 $728,040 $728,040
Nongeneral Fund $938,559 $938,559
•
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 $626,937 $626,937
Nongeneral Fund $605,696 $605,696
•
Provide funding for a new “Fast Flex” BSN Program Decision Package
  Provides funding and positions to launch a new non-traditional Bachelor of Science in Nursing (BSN) program to accelerate the number of nursing graduates each year. The new program will allow students to complete their core nursing coursework in one calendar year, as opposed to two academic years.
 
  FY 2025 FY 2026
General Fund $997,816 $997,816
Positions 14.69 14.69
•
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 $1,597,275 $0
•
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 $184,785 $184,785
Nongeneral Fund $266,802 $266,802
•
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 ($94,050) ($94,050)
Nongeneral Fund $85,087 $85,087
•
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 $50,050 $50,050
Nongeneral Fund $70,742 $70,742
•
Adjust appropriation for centrally funded internal service fund charges for the Personnel Management Information System Base Budget Adjustment
  Adjusts appropriation for Personnel Management Information System internal service fund charges budgeted in Central Appropriations, Item 484 I. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund ($26,090) ($26,090)
Nongeneral Fund ($38,551) ($38,551)
•
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 $21,397 $21,397
Nongeneral Fund $26,459 $26,459
•
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 $6,338 $6,338
Nongeneral Fund $13,038 $13,038
•
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 $2,772 $2,772
Nongeneral Fund $13,263 $13,263
•
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 ($2,129) ($2,129)
Nongeneral Fund ($11,815) ($11,815)
•
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 ($3,048) ($3,048)
Nongeneral Fund ($7,357) ($7,357)
•
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 ($723) ($723)
Nongeneral Fund ($759) ($759)
•
Reallocate educational and general and auxiliary appropriation between programs Decision Package
  Adjusts nongeneral fund appropriations to match revenues and expected expenditures.
•
Realign educational and general and auxiliary positions by program Decision Package
  Transfers the agency's existing positions between programs to align with expected operations.CHAR(13) + CHAR(10)CHAR(13) + CHAR(10)
 
  FY 2025 FY 2026
Positions 0.00 0.00
Capital Project Requests (in order of largest to smallest)
•
Renovate Spotswood Hall
  Modernizes the existing residence hall to meet the demands and evolution of student housing. This project will renovate the architecture, infrastructure, technology, and life safety aspects of the building to enhance student life, promote community, and meet the demands of today's students.
 
  FY 2025 FY 2026
Nongeneral Fund $23,820,000 $0
•
Blanket Property Acquisition
  Enables the university to use nongeneral funds to acquire certain adjacent or neighboring properties as they become available.
 
  FY 2025 FY 2026
Nongeneral Fund $3,000,000 $0


pdocagy2014 - Executive Budget Document Agency Details - 06-07-2025 13:14:18