The College of William and Mary in Virginia (204)
146. | Educational and General Programs (10000) | 140,915,608 | 129,576,192
| | | 156,574,992 | 145,931,192
| | | |
| | Higher Education Instruction (100101) | 80,695,634 | 69,174,951
| | | 86,455,018 | 75,629,951
| | Higher Education Research (100102) | 1,250,498 | 1,250,498
| | Higher Education Public Services (100103) | 8,169 | 8,169
| | Higher Education Academic Support (100104) | 19,053,547 | 19,053,547
| | | 22,553,547 | 22,553,547
| | Higher Education Student Services (100105) | 6,493,582 | 6,493,582
| | | 6,993,582 | 6,993,582
| | Higher Education Institutional Support (100106) | 14,078,675 | 14,078,675
| | | 16,078,675 | 16,078,675
| | Operation and Maintenance of Plant (100107) | 19,335,503 | 19,516,770
| | | 23,235,503 | 23,416,770
| | | |
| Fund Sources: | General | 39,291,864 | 34,655,223
| | | | 35,410,223
| | Higher Education Operating | 97,982,019 | 91,279,244
| | | 113,641,403 | 106,879,244
| | Debt Service | 3,641,725 | 3,641,725
|
Authority: Title 23, Chapter 5, Code of Virginia.
A. This Item includes general and nongeneral fund appropriations to
support institutional initiatives that help meet statewide goals described in the
Restructured Higher Education Financial and Administrative Operations Act of
2005 (Chapters 933 and 945, 2005 Acts of Assembly).
B. Out of this appropriation, $212,201 the first year and $212,201
the second year from the general fund is designated for the costs to lease and
equip space for activities related to technology transfer, research, and
graduate work.
C. 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.
D. Out of this appropriation, $6,884,042$6,943,426
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 2008-2010 biennium.
E. The appropriation for the fund source Higher Education Operating
in this Item shall be considered a sum sufficient appropriation, which is an
estimate of the amount of revenues to be collected for the educational and
general program under the terms of the management agreement between the College
of William and Mary and the Commonwealth, as set forth in Chapters 933 and 943
of the 2006 Acts of Assembly.
F. Out of this appropriation, $410,000 the second year from the
general fund is designated to support the goals of the Governor's Higher
Education Commission of access, affordability, quality and increased degrees
through the recruitment of faculty in STEM-related disciplines.
previous item |
next item |
new search |
table of contents | home |