2016 Session

Budget Bill - HB29 (Introduced)

Radford University

Item 182

Item 182 (Not set out)

First Year - FY2015Second Year - FY2016
Educational and General Programs (10000)$114,087,845$115,267,918
Higher Education Instruction (100101)FY2015 $69,689,518FY2016 $70,853,696
Higher Education Public Services (100103)FY2015 $600,000FY2016 $600,000
Higher Education Academic (100104)FY2015 $10,326,335FY2016 $10,342,230
Higher Education Student Services (100105)FY2015 $5,538,719FY2016 $5,538,719
Higher Education Institutional Support (100106)FY2015 $17,995,158FY2016 $17,995,158
Operation and Maintenance Of Plant (100107)FY2015 $9,938,115FY2016 $9,938,115
Fund Sources:  
GeneralFY2015 $44,908,068FY2016 $46,088,141
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. Out of this appropriation, $662,812 the second year from the general fund is provided to address restoration of budget cuts and to incentivize growth of transfer students.

D. In addition to the amounts provided in this item, and authorized pursuant to Item 467, P.7., the institution may reallocate from educational and general program funds in the second year to provide an additional 2.50 percent average faculty salary increase for teaching and research faculty. The institution may provide these increases consistent with its faculty pay plan.

E. The institution may adjust any of the amounts embedded in language under this item not to exceed the percentage reduction received.