215#1h (VMI) VMI Base Adjustment. HB5002 - Committee Approved

State Budget

2006 Special Session I

Budget Amendments - HB5002 (Committee Approved)

Bill Order » Item 215 #1h

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VMI Base Adjustment

Item 215 #1h

Item 215 #1h	First Year - FY2007	Second Year - FY2008
Education: Higher Education
Virginia Military Institute	FY2007 $182,804	FY2008 $182,804	GF

Language
Page 184, line 22, strike "$28,096,739" and insert "$28,279,543".
Page 184, line 22, strike "$28,347,911" and insert "$28,530,715".

Explanation
(This amendment adjusts the amounts provided in the introduced budget to reflect the General Assembly's higher education base funding guidelines. The introduced budget did not allocate funding with the methodology that has been adopted by the General Assembly.)

Item 215

Item 215	First Year - FY2007	Second Year - FY2008
Educational and General Programs (10000)	$28,096,739	$28,347,911
Higher Education Instruction (100101)	FY2007 $12,508,228	FY2008 $12,724,510
Higher Education Public Services (100103)	FY2007 $58,903	FY2008 $58,903
Higher Education Academic Support (100104)	FY2007 $4,237,021	FY2008 $4,237,021
Higher Education Student Services (100105)	FY2007 $1,864,178	FY2008 $1,864,178
Higher Education Institutional Support (100106)	FY2007 $5,360,970	FY2008 $5,395,860
Operation and Maintenance of Plant (100107)	FY2007 $4,067,439	FY2008 $4,067,439
Fund Sources:
General	FY2007 $10,164,410	FY2008 $10,275,868
Higher Education Operating	FY2007 $17,532,329	FY2008 $17,672,043
Debt Service	FY2007 $400,000	FY2008 $400,000

Authority: Title 23, Chapter 10, Code of Virginia.

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).