The 2024 Executive Budget Document
Governor Youngkin's Proposed Budget for the 2024-2026 Biennum
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Released on December 20, 2023 
 
Virginia Institute of Marine Science [268]
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 $23,092,424 $26,080,829 $49,173,253
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $24,470,504 $26,082,885 $50,553,389
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $25,158,765 $26,457,358 $51,616,123
2021-2024 2022 Chapter1, 2024 Acts of Assembly $28,623,723 $26,962,744 $55,586,467
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $25,818,765 $26,457,358 $52,276,123
2021-2024 2023 Chapter1, 2024 Acts of Assembly $28,416,947 $26,962,744 $55,379,691
2024-2026 2025 Governor's Proposed Budget $31,151,421 $32,440,601 $63,592,022
    Base Budget $28,416,947 $26,962,744 $55,379,691
    Addenda (Changes to the Base) $2,734,474 $5,477,857 $8,212,331
2024-2026 2026 Governor's Proposed Budget $31,001,421 $32,440,601 $63,442,022
    Base Budget $28,416,947 $26,962,744 $55,379,691
    Addenda (Changes to the Base) $2,584,474 $5,477,857 $8,062,331
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 288.47 99.30 387.77
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 293.92 99.30 393.22
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 298.82 96.60 395.42
2021-2024 2022 Chapter1, 2024 Acts of Assembly 322.57 96.60 419.17
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 303.72 96.60 400.32
2021-2024 2023 Chapter1, 2024 Acts of Assembly 322.57 96.60 419.17
2024-2026 2025 Proposed Positions 322.57 101.60 424.17
    Base Budget 322.57 96.60 419.17
    Addenda (Changes to the Base) 0.00 5.00 5.00
2012-2014 2026 Proposed Positions 322.57 101.60 424.17
    Base Budget 322.57 96.60 419.17
    Addenda (Changes to the Base) 0.00 5.00 5.00
Operating Budget Addenda (in order of greatest impact)
•
Increase appropriation to match revenues and anticipated expenditures Decision Package
  Increases nongeneral fund appropriation in education and general and sponsored programs to more accurately reflect expenditure levels authorized by the institution's board of visitors.
 
  FY 2025 FY 2026
Nongeneral Fund $4,433,032 $4,433,032
Positions 5.00 5.00
•
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 $1,961,617 $1,961,617
Nongeneral Fund $892,014 $892,014
•
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 $447,291 $447,291
•
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 $116,963 $116,963
Nongeneral Fund $99,903 $99,903
•
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 $109,154 $109,154
Nongeneral Fund $52,399 $52,399
•
Remove funding for equipment purchase Base Budget Adjustment
  Removes funding for Master Equipment Leasing Program (MELP) payments for water quality modeling and assessment equipment for which payments have been completed.
 
  FY 2025 FY 2026
General Fund ($84,585) ($84,585)
•
Provide funding for facilities review Decision Package
  Provides one-time funds in FY 2025 for VIMS to study innovative ways to utilize facilities and space on campus, including opportunities to renovate existing space to meet programmatic needs.
 
  FY 2025 FY 2026
General Fund $150,000 $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 $45,881 $45,881
Nongeneral Fund $2,415 $2,415
•
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 ($23,149) ($23,149)
Nongeneral Fund ($14,762) ($14,762)
•
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 $8,904 $8,904
Nongeneral Fund $4,446 $4,446
•
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 $660 $660
Nongeneral Fund $5,250 $5,250
•
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 $1,738 $1,738
Nongeneral Fund $868 $868
•
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
Nongeneral Fund $2,372 $2,372
•
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 ($651) ($651)
Nongeneral Fund ($748) ($748)
•
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 $651 $651
Nongeneral Fund $668 $668
•
Update language for the Elizabeth River Scorecard Project Decision Package
  Amends Elizabeth River scorecard language with technical clarifications and extension of the timeline to allow VIMS to provide a more useful report.
•
Language modification to reflect establishment of Commonwealth Center for Recurrent Flooding Resiliency Decision Package
  Amends language to reflect the new name of the Virginia Coastal Resilience Collaborative as the successor entity to the Virginia Coastal Policy Center.
•
Realign appropriation between education and general programs Decision Package
  Adjusts educational and general (E&G) appropriation between programs to accommodate for organizational changes due to transfers between areas and the implementation of a new strategic plan.


pdocagy2014 - Executive Budget Document Agency Details - 06-07-2025 13:19:33