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VMI board approves midyear budget amendments, facilities master plan and authorizes advancing funds for Arlington project
Summary
The Virginia Military Institute Board of Visitors on a voice vote approved a midyear amendment to the FY2025 operating budget, adopted the institute—s 2025 post facilities master plan and amended a prior memorandum to permit private donations and to authorize the institute to advance funds for the Arlington National Cemetery project to be reimbursed by public or private funds.
The Virginia Military Institute Board of Visitors on a voice vote approved a midyear amendment to the FY2025 operating budget, adopted the institute—s 2025 facilities master plan and amended a prior memorandum to permit private donations and to authorize the institute to advance funds for the Arlington National Cemetery project to be reimbursed by public or private funds.
The AF&P (administration, finance and planning) committee presented the recommended adjustment to the current-year operating budget as a midcycle correction based on actuals and an outlook for the year. The committee said the largest single line in the amendment is $3,100,000 of education and general cash to accelerate work on the Moody Hall project; those funds are state-approved and expected to be reimbursed by the Commonwealth in a later cycle. "The largest item on the…
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