Virginia Military Institute (211)
209. | Educational and General Programs (10000) | 30,547,225 | 27,248,700
| | | 32,876,143 | 29,548,700
| | | |
| | Higher Education Instruction (100101) | 14,669,878 | 11,371,353
| | | 14,998,796 | 11,671,353
| | Higher Education Public Services (100103) | 64,717 | 64,717
| | Higher Education Academic Support (100104) | 4,703,863 | 4,703,863
| | | 4,903,863 | 4,903,863
| | Higher Education Student Services (100105) | 2,127,100 | 2,127,100
| | | 2,427,100 | 2,427,100
| | Higher Education Institutional Support (100106) | 3,565,675 | 3,565,675
| | | 4,565,675 | 4,565,675
| | Operation and Maintenance of Plant (100107) | 5,415,992 | 5,415,992
| | | 5,915,992 | 5,915,992
| | | |
| Fund Sources: | General | 8,306,364 | 6,948,594
| | Higher Education Operating | 21,840,861 | 19,900,106
| | | 24,169,779 | 22,200,106
| | Debt Service | 400,000 | 400,000
|
Authority: Title
23, Chapter 10, Code of Virginia.
A. This Item
includes general and nongeneral fund appropriations to support institutional
initiatives that help meet statewide goals as described in the Restructured
Higher Education Financial and Administrative Operations Act of 2005 (Chapters
933 and 945, 2005 Acts of Assembly).
B. As Virginia's
public colleges and universities approach full funding of the base adequacy
guidelines and as the General Assembly strives to fully fund the general fund
share of the base adequacy guidelines, these funds are provided with the intent
that, in exercising their authority to set tuition and fees, the Board of
Visitors shall take into consideration the impact of escalating college costs
for Virginia students and families. In accordance with the cost-sharing
goals set forth in § 4-2.01 b. of this act, the Board of Visitors is encouraged
to limit increases on tuition and mandatory educational and general fees for in-state,
undergraduate students to the extent possible.
C. Out of this
appropriation, $1,940,755$1,969,673 the first year from
nongeneral funds is provided to support educational and general programs and
student financial assistance. The source of the nongeneral funds
is the State Fiscal Stabilization Fund from the American Recovery and
Reinvestment Act of 2009. This funding is intended to moderate the
general fund reductions to the institution, as well as moderate the need for
tuition and fee increases and increase student access. The institution is
authorized to spend this funding in either the first year or the first
quarter of the second year. Prior to release of this funding, the
institution shall provide a plan to the Governor delineating the respective
portion of this funding to be used for educational and general program
funding and financial assistance, and the year it will be spent. In
addition, the plan shall include anticipated tuition and fee increases for
the first and second year of the biennium. The amounts appropriated
are an estimate, and may be modified by the Director, Department of
Planning and Budget, depending on final budget reduction actions
taken to higher education and public education in the final budget
bill enacted for the 2008-10 biennium.
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