2015 Session

Budget Bill - HB1400 (Introduced)

View Item amendments

Longwood University

Item 170

Item 170

First Year - FY2015Second Year - FY2016
Educational and General Programs (10000)$59,900,635
Higher Education Instruction (100101)FY2015 $29,660,131
FY2016 $29,517,320
Higher Education Public Services (100103)FY2015 $632,680FY2016 $632,680
Higher Education Academic (100104)FY2015 $9,869,425
FY2016 $9,869,425
Higher Education Student Services (100105)FY2015 $4,130,085
FY2016 $4,272,896
Higher Education Institutional Support (100106)FY2015 $9,207,937
FY2016 $9,213,996
Operation and Maintenance Of Plant (100107)FY2015 $6,400,377
FY2016 $6,400,377
Fund Sources:  
GeneralFY2015 $25,085,661
FY2016 $25,091,708
Higher Education OperatingFY2015 $34,814,974
FY2016 $34,814,986

Authority: Title 23, Chapter 15, 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. 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.

C.  Based on the final strategies implemented by the institution to meet its budget reductions required by Chapter 3, 2014 Special Session 1, the institution can adjust any of the amounts embedded in language under this Item to be consistent with those reduction strategies.