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2015 Session

Budget Bill - HB1400 (Introduced)

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Radford University

Item 182

Item 182

First Year - FY2015Second Year - FY2016
Educational and General Programs (10000)$115,201,094
$114,087,845
$115,211,223
$114,097,974
Higher Education Instruction (100101)FY2015 $70,361,655
$69,689,518
FY2016 $70,355,889
$69,683,752
Higher Education Public Services (100103)FY2015 $600,000FY2016 $600,000
Higher Education Academic (100104)FY2015 $10,423,314
$10,326,335
FY2016 $10,439,209
$10,342,230
Higher Education Student Services (100105)FY2015 $5,587,655
$5,538,719
FY2016 $5,587,655
$5,538,719
Higher Education Institutional Support (100106)FY2015 $18,172,734
$17,995,158
FY2016 $18,172,734
$17,995,158
Operation and Maintenance Of Plant (100107)FY2015 $10,055,736
$9,938,115
FY2016 $10,055,736
$9,938,115
Fund Sources:  
GeneralFY2015 $46,021,317
$44,908,068
FY2016 $46,031,446
$44,918,197
Higher Education OperatingFY2015 $69,179,777FY2016 $69,179,777

Authority: Title 23, Chapter 11.1, 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.