The 2014 Executive Budget Document
Governor McDonnell's Proposed Budget for the 2014-2016 Biennum
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Released on December 16, 2013 
 
Virginia Port Authority [407]
Secretarial Area: Transportation
Mission:
It shall be the duty of the Authority (the Port of Virginia), on behalf of the Commonwealth, to foster and stimulate the commerce of the ports of the Commonwealth and related facilities by serving as the United States Eastern Seaboard gateway for the global import and export of freight throughout the world, to promote the shipment of freight through the maritime and inland ports, to seek to secure necessary improvements of navigable tidal waters within the Commonwealth, and in general to perform any act or function that may be useful in developing, improving, or increasing the commerce, both foreign and domestic, ofall maritime and inland ports of the Commonwealth and related facilities.

 

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...
Biennium Fiscal Year Source GF NGF Total
2008-2010 2009 Chapter 872, 2010 Acts of Assembly $950,000 $75,008,773 $75,958,773
2008-2010 2010 Chapter 872, 2010 Acts of Assembly $356,745 $86,523,897 $86,880,642
2010-2012 2011 Chapter 2, 2012 Acts of Assembly $950,000 $86,584,122 $87,534,122
2010-2012 2012 Chapter 2, 2012 Acts of Assembly $950,000 $135,234,122 $136,184,122
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $950,000 $142,042,956 $142,992,956
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $1,950,000 $145,242,956 $147,192,956
2014-2016 2015 Governor's Proposed Budget $2,450,193 $163,990,761 $166,440,954
    Base Budget $1,950,000 $145,242,956 $147,192,956
    Addenda (Changes to the Base) $500,193 $18,747,805 $19,247,998
2014-2016 2016 Governor's Proposed Budget $9,450,227 $165,740,809 $175,191,036
    Base Budget $1,950,000 $145,242,956 $147,192,956
    Addenda (Changes to the Base) $7,500,227 $20,497,853 $27,998,080
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2008-2010 2009 Chapter 872, 2010 Acts of Assembly 0.00 146.00 146.00
2008-2010 2010 Chapter 872, 2010 Acts of Assembly 0.00 146.00 146.00
2010-2012 2011 Chapter 2, 2012 Acts of Assembly 0.00 146.00 146.00
2010-2012 2012 Chapter 2, 2012 Acts of Assembly 0.00 146.00 146.00
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 0.00 146.00 146.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 0.00 146.00 146.00
2014-2016 2015 Proposed Positions 0.00 146.00 146.00
    Base Budget 0.00 146.00 146.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
2012-2014 2016 Proposed Positions 0.00 146.00 146.00
    Base Budget 0.00 146.00 146.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Update existing debt service requirements Decision Package
  Increases nongeneral fund appropriation to reflect debt service on existing bond issues.
 
  FY 2015 FY 2016
Nongeneral Fund $11,733,579 $10,031,100
•
Adjust appropriation for increase in APM terminal rent Decision Package
  Increases nongeneral fund appropriation to address an increase in APM terminal rent. This adjustment is partially due to the expected increase in container volumes. Additional appropriation is required to meet contractual requirements.
 
  FY 2015 FY 2016
Nongeneral Fund $6,175,000 $9,500,000
•
Provide funds for Norfolk Harbor and Elizabeth River channel dredging Decision Package
  Funds the costs associated with the dredging of Norfolk Harbor and dredging the Elizabeth River channel to 45 feet.
 
  FY 2015 FY 2016
General Fund $0 $6,500,000
•
Increase appropriation for operational maintenance Decision Package
  Provides additional nongeneral fund appropriation to enhance the cargo handling capability of the Port of Virginia to keep pace with container increase demands.
 
  FY 2015 FY 2016
Nongeneral Fund $750,000 $750,000
•
Increase general fund support for Zone grants Decision Package
  Provides additional support to the Port of Virginia Economic and Infrastructure Development Zone Grant Fund, disbursed as grants to qualified companies locating or expanding facilities within the Port of Virginia Economic and Infrastructure Development Zone.
 
  FY 2015 FY 2016
General Fund $500,000 $1,000,000
•
Adjust appropriation for Payment in Lieu of Taxes Decision Package
  Provides nongeneral fund appropriation to address a five percent increase in Payment in Lieu of Taxes (PILOT) assessments.
 
  FY 2015 FY 2016
Nongeneral Fund $75,000 $200,000
•
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 $193 $193
Nongeneral Fund $14,369 $14,369
•
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 $34
Nongeneral Fund $0 $2,520
•
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
Nongeneral Fund ($143) ($136)
Capital Project Requests (in order of largest to smallest)
•
CIMT - Road and Rail Right of Way
  Funds aquisition of initial right of way and land to develop Craney Island Road and Rail Connector. This project will provide direct interstate quality access to and from Craney Island Marine Terminal for truck traffic, as well as a double track rail lead connecting to the rail corridor in the Western Freeway (VA-164) median.
 
  FY 2015 FY 2016
Nongeneral Fund $0 $60,000,000
•
Procure APMT Equipment
  Procures rail mounted gantry cranes and translifters required for increased container volumes. This equipment will be purchased through the Master Lease Equipment Program with debt service financed by terminal revenues.
 
  FY 2015 FY 2016
Nongeneral Fund $37,000,000 $0
•
I-564 resulting gate and yard improvements
  Funds the removal of the former Exxon rail yard and expands north Norfolk International Terminal's (NIT) container yard by approximately 11 acres, to support an additional 794 grounded container slots for straddle carrier operations. This project also supports expanding the north transfer zone by six stalls up to a total of 46 stalls. In addition, this project constructs a truck gate for interchanging containers entering and exiting via NIT’s north gate.
 
  FY 2015 FY 2016
Nongeneral Fund $30,000,000 $0


pdocagy2014 - Executive Budget Document Agency Details - 06-02-2025 19:50:56