Budget and Amendments to the Budget. Briefing for Fiscal Officers of Colleges and Universities State Supported (FOCUS)

Transcription

1 Budget and Amendments to the Budget Briefing for Fiscal Officers of Colleges and Universities State Supported (FOCUS) Michael D. Maul, Associate Director Virginia Department of Planning and Budget April 29, 2010

2 Higher Education Reductions The September reduction plan cut funding for higher education by $196.8 million. To meet Maintenance of Effort guidelines for the State Fiscal Stabilization Fund (SFSF), this amount was reduced to $46.7 million for FY 2010 and FY In FY 2012, higher education again sustains the $196.8 million reduction. As a result, higher education has been restored by $150.1 million in FY 2010 and FY For FY 2010, only $75 million in SFSF support has been provided. With the restoration and SFSF support, the reduction impact to higher education is somewhat less than it was in September The $150.1 million in reductions was moved to K-12 for FY 2010, with a like amount of SFSF back fill. For FY 2011, $198.3 million in SFSF support has been provided to higher education. This amount may change due to FY 2010 final budget actions. SFSF money is distributed based on the difference between the FY 2009 budget and the FY 2010 budget. 2

3 Higher Education Budget Reductions - FY 2010 Impact Agency September 2009 Budget Difference CNU (2,718,425) (2,612,625) 105,800 GMU (19,483,936) (18,966,290) 517,646 JMU (9,659,842) (9,371,494) 288,348 LU (2,786,366) (2,685,438) 100,928 NSU (4,699,989) (4,548,324) 151,665 ODU (11,306,113) (10,897,590) 408,523 RBC (613,034) (597,546) 15,488 RU (5,434,900) (5,249,584) 185,316 UMW (2,772,381) (2,684,690) 87,691 UVA (22,328,100) (21,766,117) 561,983 UVA-Wise (1,682,182) (1,626,164) 56,018 VCCS (44,810,518) (43,769,720) 1,040,798 VCU (23,017,121) (22,275,210) 741,911 VIMS (3,075,830) (2,905,657) 170,173 VMI (1,815,233) (1,763,236) 51,997 VSU (4,281,137) (4,186,849) 94,288 VSU-Ext (84,556) (52,290) 32,266 VT (21,026,819) (20,371,743) 655,076 VT-Ext (4,729,941) (3,382,925) 1,347,016 W&M (6,777,889) (6,597,205) 180,684 Total (193,104,313) (186,310,697) 6,793,616 3

4 FY 2011 SFSF Distribution Agency SFSF FY 2011 CNU 3,505,271 GMU 19,894,643 JMU 11,292,799 LU 3,305,208 NSU 3,915,635 ODU 12,664,227 RBC 701,736 RU 6,060,300 UMW 3,406,157 UVA 21,892,717 UVA-Wise 1,702,856 VCCS 45,796,200 VCU 23,160,921 VIMS 3,076,343 VMI 1,940,755 VSU 3,314,396 VSU-Ext 140,205 VT 20,892,536 VT-Ext 4,756,374 W&M 6,884,042 Total 198,303,321 4

5 Things that were not cut No restrictions placed on tuition and fee increases Financial Aid Virtual Library of Virginia (VIVA) 5

6 Other Higher Education Actions (continued) Eminent Scholars ($2.3 million/yr) Higher Education Equipment Trust Fund $56.1 million each year No debt service provided Interest Earnings and Credit Card rebates $8.4 million for FY 2011 only Tuition and fee revenues For some institutions, technical adjustments that true up appropriations in FY 2010 and carry into FY 2011 and FY

7 Other Higher Education Actions (continued) Capture furlough savings, including Auxiliary FY 2010 Option to implement furlough day or transfer cash equivalent Capture VRS/benefit holiday savings, including Auxiliary - FY 2010 Interest on Auxiliary Balances captured for FY 2010 and each year next biennium Study language related to the transfer of 0100 to

8 Capital Outlay $50 million in debt provided for new maintenance reserve funding in both FY 2011 and FY 2012 for all state agencies Distribution provided just for FY 2011, with study required to determine distribution for FY 2012 $26.3 million in FY 2011 for equipment and furnishings in previously funded capital projects that will be completed during the biennium 8

9 Higher Education Equipment Agency Project Title Project Code GF FY2011 UVA Construct Information Technology Engineering Building $1,701,000 VSU Renovate Singleton Hall $525,000 NSU Construct New Library $3,000,000 LU Renovation and Addition Bedford Hall Addition $4,295,000 UMW Construct Dahlgren Campus $4,500,000 UVA-W Renovate Greear Gym and Construct Multipurpose Center $1,400,000 GMU Renovate Thompson and West Hall $500,000 GMU Construct Krasnow Addition, Phase II $307,000 VCCS Renovate Burnette Hall, Parham Campus, J. Sargeant Reynolds $500,000 VCCS Renovate Phase I Facility, Downtown Campus, J. Sargeant Reynolds $750,000 VCCS Renovate Smith Building, Lord Fairfax $726,000 VCCS Renovate Academic Classrooms and Administrative Buildings, Rappahannock $922,000 VCCS Renovate Library, Chester Campus, John Tyler $800,000 VCCS Renovate Warren and Scott Halls, Dabney S. Lancaster $1,300,000 VCCS Construct Occupational Program Building, Culinary Arts Career Studies Certificate Program, Central Virginia $247,000 VCCS Construct support services building, Woodbridge Campus, Northern Virginia $362,000 VCCS Renovate Hampton III Building, Thomas Nelson $441,000 EVMS Construct Medical Education and Research Building $4,000,000 TOTAL - ALL PROJECTS $26,276,000 9

10 Capital Construction Projects $1.1 billion proposed to complete specific Chapter 1 projects as recommended by the Council of Presidents. Institution Project CNU CNU CWM CWM GMU GMU GMU JMU JMU LU NSU NSU ODU RU UMW Construct Integrated Science Center (Phase II) Construct Luter School of Business Renovate Tucker Hall Construct Integrated Science Center (Phase III) Renovate Fine Arts Building Construct Campus Library Addition, Phase I Construct Potomac Science Center Renovate West Wing Rockingham Hospital Renovate/Expand Duke Hall Construct University Technology Center Construct New Nursing and General Classroom Building Renovate Wilder Center Construct Systems Research & Academic Building Construct New Computational Sciences Building Construct Information and Technology Convergence Center Phase I 10

11 Capital Construction Projects Institution Project UVA UVA UVA-W VCU VCCS VCCS VCCS VCCS VMI VMI VSU VPI VPI VPI VPI-E Renovate New Cabell Hall Renovate Ruffner Hall Construct Library Construct General Classroom Building Replace Tyler Academic Building, NVCC Expand Brault Building, NVCC Construct Learning Resources Building, SSVCC Construct Workforce Training Center, Woodbridge, NVCC Renovate Science Building Renovate Post Hospital Construct Multipurpose Center Renovate Davidson Hall Construct Chiller Plant Construct Engineering Signature Building Construct Human and Agricultural Bioscience Building I 11

12 Higher Education: Other Capital Actions Nongeneral fund projects 34 projects $239.3 million 9(c) revenue bonds 10 projects $206.9 million 9(d) revenue bonds 19 projects $167.2 million 12

13 Nongeneral Fund Projects Institution Title Amount CNU Plan Student Success Center 500,000 GMU Improve Prince William Campus Labs 10,000,000 JMU Expand Bridgeforth Stadium Scoreboards 2,000,000 JMU Plan Surface Parking 2,500,000 JMU Provide for Blanket Property Acquisition 5,000,000 JMU Provide for Convocation Center Renovation/Expansion 5,000,000 LU Construct addition and renovation to Lankford Hall 1,969,000 LU Construct Alumni Center 8,000,000 ODU Plan New School of Education 2,000,000 RU Acquire property for campus expansion 46,000,000 UMW Renovate Battleground Athletic Complex Fields and Facility 300,000 UVA Construct Addition to Drama Building 15,000,000 UVA Construct Addition to the Bayly Art Museum 27,500,000 UVA Construct Miller Center Phase III 30,000,000 UVA Construct Milllmont Collaborative Conservation and Objects Study Center 7,000,000 UVA Construct New Dry Lab Facility, Phase II 5,360,000 UVA Construct Rehearsal Hall 12,700,000 13

14 Nongeneral Fund Projects Institution Project Title Amount VCCS Construct parking lot, phase II, Historic Triangle Campus, Thomas Nelson 342,000 VCCS Construct parking structure, Parham Road Campus, J. Sargeant Reynolds 11,064,000 VCCS Construct student center, Chesapeake Campus, Tidewater 1,100,000 VCCS Construct student center, Norfolk Campus, Tidewater 1,100,000 VCCS Construct student center, Portsmouth Campus, Tidewater 1,100,000 VCCS Construct student center, Virginia Beach Campus, Tidewater 1,700,000 VCCS Construct student housing, Northern Virginia 0 VCCS Construct Trades Center, Piedmont Virginia 3,557,000 VCCS Improve campus signage, Virginia Western 625,000 VCCS Renovate and expand campus parking and lighting, Virginia Western 617,000 VCCS Renovate Cafeteria, Annandale Campus, Northern Virginia 11,395,000 VCCS Renovate phase I facility, J. Sargeant Reynolds, Downtown Campus 2,000,000 VCCS Renovate student life center, Virginia Western 7,542,000 VCU Construct Baseball Facility 3,000,000 VCU Renovate One Capitol Square 3,000,000 VCU Renovate Pauley Heart Center, Phase I 5,351,000 VT-Ext Improve Kentland Facilities, Phase I 5,000,000 Total 239,322,000 14

15 9(c) Revenue Bonds Institution Project Title Amount CNU Renovate Santoro Residence Hall $5,000,000 CNU Construct Residence Hall VII $37,000,000 CWM Construct New Dormitory $25,800,000 CWM Renovate Residence Halls $4,500,000 GMU Construct Housing VII $750,000 GMU Renovate Commons $16,002,000 GMU Renovate Student Apartments $3,098,000 NSU Construct Residential Housing $46,001,000 VCU Construct West Grace Street Housing and Parking $33,566,000 VPI Construct Academic and Student Programs Building $35,153,000 TOTAL $206,870,000 15

16 9(d) Revenue Bonds Institution Project Title Amount CNU Residence Hall Roof Replacement $3,000,000 CWM Improve Athletic Facilities 6,500,000 CWM Reconstruct Ash Lawn-Highland Barn 800,000 CWM Cooling Plant and Utility Improvements, Phase III 9,999,000 GMU Construct Addition to Student Union I 2,400,000 GMU Construct Campus Entrances, Fairfax 8,547,000 GMU Construct Campus Entrances, Prince William 1,211,000 GMU Construct New Global Center 5,015,000 GMU Renovate Concert Hall 41,064,000 GMU Renovate Field House 9,186,000 GMU Arlington Phase II 3,835,293 JMU Renovate West Wing, Rockingham Hospital 6,000,000 JMU Construct Student Health Center/East Wing 7,000,000 JMU Acquire Grace Street 3,000,000 LU Construct Addition and Renovation to Lankford Hall 3,525,000 UMW Construct Parking Lot, Battleground Athletic Complex 1,800,000 UMW Renovate Residence Halls 12,000,000 UMW Improve Battlefield Athletic Complex 2,500,000 NSU Construct Multi-Story Parking Structure 18,000,000 VCU Construct West Grace Street Housing and Parking 7,422,000 VCU Renovate Siegel Center 4,385,000 VPI Construct Academic and Student Programs Building $10,000,000 TOTAL $167,189,293 16

17 Other Capital Actions (continued) Restore maintenance reserve - $7.2 million VCBA Increase out-of-state student capital fee - ($21.2 million/yr) Increase $10 credit hour fee to $15 Secretary of Finance must come up with a release schedule before the issuance of debt for authorized projects 17