Phản ánh việc cắt giảm ngân sách cơ quan vào tháng 10 của Thống đốc

Thực hiện cắt giảm có mục tiêu

Increase funding for banking services fees

Capture savings resulting from lower hardware maintenance costs. The agency recently purchased a new Xerox printer, which should result in lower hardware maintenance costs.

Reduce the amount paid to the Virginia Information Technology Agency (VITA) by reducing the inventory of non-essential information technology equipment. The agency has several extra servers that will be surplused.

Eliminates three vacant positions throughout the agency.

Capture anticipated additional revenue generated from the VCBA pool fee charged to institutions of higher education participating in VCBA's pooled bond program. This revenue is deposited to the general fund. Treasury estimates that an additional $100,000 will be collected and deposited to the general fund in FY 2009. This strategy captures the anticipated additional revenue.

Supplant general fund dollars for positions with the appropriate nongeneral fund source, based on the programs the positions support. This will require additional nongeneral fund appropriations.

Recover the cost of preparing the annual financial statements for the Tobacco Settlement Financing Corporation. Treasury is responsible for the issuance and management of debt and other financial obligations for the Commonwealth and several of its boards and authorities, including the Tobacco Settlement Financing Corporation. Until this year, a private company prepared the corporation's annual financial statements. Beginning in FY 2009, Treasury assumed responsibility for their preparation.

Capture savings resulting from the discontinuance of certain services and the renegotiation of certain banking contracts.

Reduce funding provided for the purchase of check stock to capture savings attributable to the increased use of electronic payment methods and a corresponding reduction in the volume of paper checks issued by the department.

Reduce the quantity of earnings notices stock purchased, as the volume of earnings notices being printed is declining.

Generates additional revenue as the result of removing certain amounts deposited in various banks and reinvesting in a higher yielding portfolio.

Reduces the number of positions in the check processing unit. With the move to electronic payments and the reduction in paper checks, this action eliminates one check processing position.

Loại bỏ nửa phần trăm tài trợ thực hành lương được cấp cho Executive branch agencies trong hai năm 2006-08.

Transfers excess VCBA private college financing fee revenue to the general fund. Private colleges that finance projects through the VCBA are assessed a fee. This revenue is deposited to a nongeneral fund. The fund currently has a balance of $170,000. This strategy will transfer any balance in the fund in excess of $20,000. In FY 2010, the estimated transfer is $150,000.