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2004 Special Session I

Budget Amendments - HB5001 (Committee Approved)

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VITA Internal Service Funds not GF

Item 466 #1h

Item 466 #1h

First Year - FY2005 Second Year - FY2006
Technology
Virginia Information Technologies Agency FY2005 ($7,266,000) FY2006 ($519,000) GF

Language
Page 343, line 30, strike "$14,932,851" and insert "$7,666,851".
Page 343, line 30, strike "$8,185,999" and insert "$7,666,999".


Explanation
(This amendment removes general fund appropriations for VITA start-up equipment costs. Under the internal service fund model under which VITA operates, these types of expenses should be funded through the internal service fund charges assessed to the agencies benefiting from such services. If insufficient cash is available through the internal service funds for up-front purchases, the standard method is to utilize Treasury loans until costs are recouped through the internal service fund collections.)