Radford University serves the Commonwealth and the nation through a wide range of academic, cultural, human service, and research programs. First and foremost, the university emphasizes teaching, learning, and the process of learning in its commitment to the development of mature, responsible, well-educated citizens. RU develops students' creative and critical thinking skills, teaches students to analyze problems and implement solutions, helps students discover their leadership styles, and fosters their growth as leaders. Research is viewed as a vital corollary to the teaching and learning transaction as it sustains and enhances the ability to teach effectively.
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. more...
More historical data is available for this agency on DPB's website under the
Virginia's Budget page. If you click on the Budget Round Description links under any of the "DPB Appropriation Database" tables and open the filter you can select various fields to get greater detail and you can select the official chapter data going back for several decades. The "Caboose" chapters are the final biennial budget approved by the General Assembly and signed into Law.
Check it out here
Biennium
Fiscal Year
Source
GF
NGF
Total
2008-2010
2009
Chapter 872, 2010 Acts of Assembly
$55,899,132
$102,449,782
$158,348,914
2008-2010
2010
Chapter 872, 2010 Acts of Assembly
$50,072,891
$106,025,681
$156,098,572
2010-2012
2011
Chapter 2, 2012 Acts of Assembly
$49,400,574
$115,466,939
$164,867,513
2010-2012
2012
Chapter 2, 2012 Acts of Assembly
$46,812,753
$112,604,917
$159,417,670
2012-2014
2013
Chapter 1, 2014 Acts of Assembly
$49,754,037
$125,523,483
$175,277,520
2012-2014
2014
Chapter 1, 2014 Acts of Assembly
$51,543,757
$139,768,338
$191,312,095
2014-2016
2015
Governor's Proposed Budget
$57,059,030
$140,036,573
$197,095,603
Base Budget
$51,543,757
$132,921,110
$184,464,867
Addenda (Changes to the Base)
$5,515,273
$7,115,463
$12,630,736
2014-2016
2016
Governor's Proposed Budget
$57,095,654
$140,049,622
$197,145,276
Base Budget
$51,543,757
$132,921,110
$184,464,867
Addenda (Changes to the Base)
$5,551,897
$7,128,512
$12,680,409
Positions Budget Summary
Biennium
Fiscal Year
Source
GF
NGF
Total
2008-2010
2009
Chapter 872, 2010 Acts of Assembly
633.91
756.13
1,390.04
2008-2010
2010
Chapter 872, 2010 Acts of Assembly
633.91
756.13
1,390.04
2010-2012
2011
Chapter 2, 2012 Acts of Assembly
633.91
756.13
1,390.04
2010-2012
2012
Chapter 2, 2012 Acts of Assembly
633.91
756.13
1,390.04
2012-2014
2013
Chapter 1, 2014 Acts of Assembly
633.91
756.13
1,390.04
2012-2014
2014
Chapter 1, 2014 Acts of Assembly
633.91
811.17
1,445.08
2014-2016
2015
Proposed Positions
636.39
812.69
1,449.08
Base Budget
633.91
756.13
1,390.04
Addenda (Changes to the Base)
2.48
56.56
59.04
2012-2014
2016
Proposed Positions
636.39
812.69
1,449.08
Base Budget
633.91
756.13
1,390.04
Addenda (Changes to the Base)
2.48
56.56
59.04
Operating Budget Addenda (in order of greatest impact)
•
Increase nongeneral fund appropriation and corresponding positions for educational and general programs
Decision Package
Increases nongeneral fund appropriation and positions for educational and general programs, supported by anticipated nongeneral fund revenues from board-approved increases in tuition and fees.
FY 2015
FY 2016
Nongeneral Fund
$3,497,228
$3,497,228
Positions
55.04
55.04
•
Provide additional appropriation for increased student enrollment
Base Budget Adjustment
Provides additional nongeneral fund appropriation to accomodate increased enrollment, supported by anticipated revenue from board-approved tuition and fees.
FY 2015
FY 2016
Nongeneral Fund
$3,350,000
$3,350,000
•
Distribute Central Appropriation amounts to agency budgets
Base Budget Adjustment
Adjusts the agency budget to reflect amounts moved to or from Central Appropriations to cover the continued cost of public employee salary increases, increases in state employee health insurance premiums, changes in state employee retirement and other benefit contribution rates, and other centrally funded items being continued from the 2012-14 biennium into the 2014-16 biennium.
FY 2015
FY 2016
General Fund
$2,442,001
$2,442,001
•
Provide support to higher education institutions to achieve the goals of the Virginia Higher Education Opportunity Act of 2011
Decision Package
Provides funding to higher education institutions in support of achieving the goals of the Virginia Higher Education Opportunity Act of 2011 (Top Jobs Act). The Top Jobs Act strives to incentivize higher education institutions to educate and graduate more Virginians, while encouraging more graduates in the sciences, technology, engineering, math, and health care fields, as well as supporting underrepresented students to graduate from higher education institutions. The goal is to achieve 100,000 additional undergraduate degrees by 2025 in order to keep the Commonwealth economically competitive, both nationally and internationally. The funding is also intended to slow the rising costs of tuition and fees in order to keep higher education both affordable and accessible.
FY 2015
FY 2016
General Fund
$2,206,887
$2,206,887
•
Enhance student success, retention, and graduation
Decision Package
Provides general fund and nongeneral fund appropriation to support the univeristy's efforts to improve student success, retention, and graduation.
FY 2015
FY 2016
General Fund
$356,815
$372,660
Nongeneral Fund
$175,746
$183,550
Positions
3.00
3.00
•
Invest in the Mobile Innovation Learning Lab (MILL) K-12 Consortium
Decision Package
Provides funding and positions to support the Mobile Innovation Learning Lab (MILL) K-12 Consortium to create jobs, provide opportunities for entrepreneurship, and increase K-12 student achievement in high need academic areas such as mathematics and science.
Increases funding for need-based financial aid for in-state undergraduate students.
FY 2015
FY 2016
General Fund
$199,000
$199,000
•
Annualize faculty salary increases
Decision Package
Annualizes the funding for a three percent faculty salary increase provided in 2014.
FY 2015
FY 2016
General Fund
$103,766
$103,766
•
Fund changes in state employee workers' compensation premiums
Decision Package
Adjusts the agency's budget for workers' compensation premiums based on the allocation of 2015 and 2016 program costs provided by the Department of Human Resource Management. The allocation is based on the historical experience of the agency and reflects the current policy of providing agencies with 50 percent of any increased costs and allowing agencies to retain 50 percent of any reduced costs.
FY 2015
FY 2016
General Fund
$11,393
$14,910
•
Adjust agency appropriation for the cost of Performance Budgeting system charges
Decision Package
Provides appropriation to pay for the agency's share of ongoing Performance Budgeting system operating and maintenance costs. The general fund share of this cost was previously budgeted in Central Appropriations.
FY 2015
FY 2016
General Fund
$5,099
$5,099
•
Fund agency costs for the new Cardinal accounting system
Decision Package
Provides appropriation to the agency's budget to pay for the agency's share of the costs for the new Cardinal accounting system. The Department of Accounts allocates the yearly cost of the system to agencies based upon the number of transactions the agency completed in the previous fiscal year.
FY 2015
FY 2016
General Fund
$0
$6,619
•
Adjust funding for premium changes in the Automobile Insurance Liability program
Decision Package
Adjusts agency funding for the approved premium changes in the state's Automobile Insurance Liability program.
FY 2015
FY 2016
General Fund
$2,372
$2,372
•
Adjust funding for state agency Line of Duty costs
Decision Package
Adjusts funding for state agency Line of Duty Act premiums based on the 2015 and 2016 premium rates set by the Virginia Retirement System.
FY 2015
FY 2016
General Fund
$380
$380
•
Adjust funding to agencies for information technology and telecommunication charges
Decision Package
Adjusts the agency budget for information technology and telecommunication charges based on the required cost of living adjustments contained in the Northrop Grumman contract and the elimination of the debt recovery surcharge originally approved by the Joint Legislative Audit and Review Commission on July 12, 2010.
FY 2015
FY 2016
General Fund
($221)
($228)
Capital Project Requests (in order of largest to smallest)
•
Renovate Athletics Complex Umbrella Project
Authorizes the use of nongeneral funds to complete several needed renovations at its Dedmon Center Athletics Complex.
