The 2014 Executive Budget Document
Governor McDonnell's Proposed Budget for the 2014-2016 Biennum
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Released on December 16, 2013 
 
Department of Accounts Transfer Payments [162]
Secretarial Area: Finance
Mission:
Provide financial assistance to localities; and administer the Revenue Stabilization Fund, Virginia Education Loan Authority Reserve Fund, and the Line of Duty Act, the state flexible benefits program, and the personal property tax relief program.
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
2008-2010 2009 Chapter 872, 2010 Acts of Assembly $76,667,430 $72,591,775 $149,259,205
2008-2010 2010 Chapter 872, 2010 Acts of Assembly $54,098,131 $72,160,621 $126,258,752
2010-2012 2011 Chapter 2, 2012 Acts of Assembly $986,405,000 $31,299,518 $1,017,704,518
2010-2012 2012 Chapter 2, 2012 Acts of Assembly $1,010,210,000 $36,663,386 $1,046,873,386
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $1,132,048,650 $598,265,529 $1,730,314,179
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $1,338,985,117 $540,824,679 $1,879,809,796
2014-2016 2015 Governor's Proposed Budget $1,242,510,048 $552,665,529 $1,795,175,577
    Base Budget $1,338,785,117 $540,824,679 $1,879,609,796
    Addenda (Changes to the Base) ($96,275,069) $11,840,850 ($84,434,219)
2014-2016 2016 Governor's Proposed Budget $1,059,225,846 $555,665,529 $1,614,891,375
    Base Budget $1,338,785,117 $540,824,679 $1,879,609,796
    Addenda (Changes to the Base) ($279,559,271) $14,840,850 ($264,718,421)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2008-2010 2009 Chapter 872, 2010 Acts of Assembly 0.00 0.00 0.00
2008-2010 2010 Chapter 872, 2010 Acts of Assembly 0.00 0.00 0.00
2010-2012 2011 Chapter 2, 2012 Acts of Assembly 0.00 0.00 0.00
2010-2012 2012 Chapter 2, 2012 Acts of Assembly 0.00 0.00 0.00
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 0.00 1.00 1.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 0.00 1.00 1.00
2014-2016 2015 Proposed Positions 0.00 1.00 1.00
    Base Budget 0.00 1.00 1.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
2012-2014 2016 Proposed Positions 0.00 1.00 1.00
    Base Budget 0.00 1.00 1.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Remove one-time funding for deposit to the Revenue Stabilization Fund Base Budget Adjustment
  Removes general fund appropriation representing the 2014 reserve for a mandatory deposit due to the Revenue Stabilization Fund in the 2014-2016 biennium.
 
  FY 2015 FY 2016
General Fund ($244,645,117) ($244,645,117)
•
Provide general fund appropriation for mandatory deposits to the Revenue Stabilization Fund Decision Package
  Designates mandatory deposits to the Revenue Stabilization Fund (“Rainy Day Fund”) for 2015 and 2016.
 
  FY 2015 FY 2016
General Fund $243,170,048 $59,885,846
•
Remove one-time funding for an advance deposit to the Revenue Stabilization Fund Decision Package
  Removes $95 million in general fund appropriation representing a 2014 advance reservation in excess of the mandatory deposit due to the Revenue Stabilization Fund in the 2012-2014 biennium.
 
  FY 2015 FY 2016
General Fund ($95,000,000) ($95,000,000)
•
Adjust funding for E-911 wireless revenue distribution Decision Package
  Increases the nongeneral fund appropriation for the distribution of Virginia Wireless Tax to localities. The amounts are based on the Department of Taxation's estimates for collections in each year.
 
  FY 2015 FY 2016
Nongeneral Fund $11,840,850 $14,840,850
•
Adjust aid to locality distribution to reflect forecast update Decision Package
  Aligns appropriation for distributions to localities in accordance with the November 2013 Post-Governor's Advisory Council on Revenue Estimates forecast. This amendment increases the appropriation for distribution of Tennessee Valley Authority Payments in lieu of taxes.
 
  FY 2015 FY 2016
General Fund $200,000 $200,000


pdocagy2014 - Executive Budget Document Agency Details - 06-06-2025 12:19:21