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2012 Special Session I

Budget Amendments - HB1301 (Committee Approved)

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UMW HAC Package

Item 188 #1h

Item 188 #1h

First Year - FY2013 Second Year - FY2014
Education: Higher Education
University of Mary Washington FY2013 ($10,518) FY2014 $245,627 GF

Language
Page 147, line 32, strike "$59,830,688" and insert "$59,820,170".
Page 147, line 32, strike "$59,832,624" and insert "$60,078,251".
Page 148, strike lines 11 through 25 and insert:
"D.1. Out of this appropriation, $705,668 each year from the general fund is designated for base operating support to increase the number of full-time faculty, support operations and maintenance of new facilities, and support increased library and technology costs.
2.  Out of this appropriation, $93,874 each year from the general fund is designated to address the projected growth in transfer students and efforts to improve retention and graduation through the first year experience program.
E. Out of this appropriation, $445,120 each year from the general fund which shall be matched with a reallocation of $180,620 each year from current educational and general program funds is designated to achieve the goals of the six-year academic plan submitted by the University of Mary Washington in the fall 2011.  University of Mary Washington shall utilize these funds to support changes in academic program needs through adding new faculty in the sciences, mathematics and computer science.
F. Out of this appropriation, $256,145 the second year from the general fund is designated to support faculty and classified salary increases under the process authorized in Item 468.10 of this act."


Explanation
(This amendment reflects adjustments to higher education funding to allow colleges to achieve the goals and objectives contained in their six year academic and financial plans. Specifically, the funding will provide for enrollment growth, improving retention and graduation rates, targeted initiatives and incentives related to the Top Jobs for the 21st Century legislation and reallocation requirements within current resources. The funding provided to the colleges will also support an average two percent compensation increase for faculty and staff.)