2015 Session

Budget Bill - HB1400 (Introduced)

View Item amendments

Radford University

Item 182

Item 182

First Year - FY2015Second Year - FY2016
Educational and General Programs (10000)$115,201,094
Higher Education Instruction (100101)FY2015 $70,361,655
FY2016 $70,355,889
Higher Education Public Services (100103)FY2015 $600,000FY2016 $600,000
Higher Education Academic (100104)FY2015 $10,423,314
FY2016 $10,439,209
Higher Education Student Services (100105)FY2015 $5,587,655
FY2016 $5,587,655
Higher Education Institutional Support (100106)FY2015 $18,172,734
FY2016 $18,172,734
Operation and Maintenance Of Plant (100107)FY2015 $10,055,736
FY2016 $10,055,736
Fund Sources:  
GeneralFY2015 $46,021,317
FY2016 $46,031,446
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.