The 2010 Executive Budget Document
Old Dominion University [ http://www.odu.edu/ ]Mission Statement
Old Dominion University promotes the advancement of knowledge and the pursuit of truth locally, nationally, and internationally. It develops in students a respect for the dignity and worth of the individual, a capacity for critical reasoning and a genuine desire for learning. The University fosters the extension of the boundaries of knowledge through research and scholarship and is committed to the preservation and dissemination of a rich cultural heritage.Operating Budget Summary
|General Fund||Nongeneral Fund||Personnel Cost|
|2007 Appropriation||$ 121,888,438||$ 150,355,467||$ 138,792,405|
|2008 Appropriation||$ 126,739,038||$ 160,794,461||$ 138,792,405|
|2009 Appropriation||$ 121,681,514||$ 191,996,931||$ 161,830,727|
|2010 Appropriation||$ 112,290,110||$ 208,087,189||$ 172,512,785|
|2011 Base Budget||$ 112,290,110||$ 208,087,189||$ 172,512,785|
|2011 Addenda||$ (4,646,307)||$ 12,965,244||$ (1,120,746)|
|2011 Total||$ 107,643,803||$ 221,052,433||$ 171,392,039|
|2012 Base Budget||$ 112,290,110||$ 208,087,189||$ 172,512,785|
|2012 Addenda||$ (15,493,812)||$ 781,466||$ (919,925)|
|2012 Total||$ 96,796,298||$ 208,868,655||$ 171,592,860|
|General Fund||Nongeneral Fund||Total Positions|
|2011 Base Budget||981.21||1,315.53||2,296.74|
|2012 Base Budget||981.21||1,315.53||2,296.74|
Recommended Operating Budget Addenda
Distribute Central Appropriations amounts to agency budgetsAdjusts the agency budget to reflect amounts moved to or from Central Appropriations to cover the cost of items such as changes in retirement and other benefit contribution rates, as well as the distribution of other centrally funded items.
FY 2011 FY 2012 General Fund ($1,270,443) ($1,270,443)
Implement higher education savings strategiesImplements strategies to capture savings through administrative streamlining, effecting program efficiencies and realignment. When identifying areas of savings, the institutions will give consideration to preserving the core mission to ensure the delivery of quality instruction and student services. A portion of the reductions to higher education institutions will be offset with the use of revenue from the State Fiscal Stabilization Fund of the American Recovery and Reinvestment Act of 2009.
FY 2011 FY 2012 General Fund ($3,375,864) ($14,223,369)
Support operating and maintenance costs for new facilitiesProvides nongeneral fund authority to permit the institution to address some of the operating and maintenance requirements associated with its arts facilities, theater, student success facility, president's residence, and systems research and academic building while using its own resources.
FY 2011 FY 2012 Nongeneral Fund $301,017 $781,466 Authorized Positions 4.25 9.45
Utilize State Fiscal Stabilization Fund for general fund supported programsUtilizes the State Fiscal Stabilization Fund of the American Recovery and Reinvestment Act of 2009 designated for higher education to support educational and general programs and student financial assistance.
FY 2011 FY 2012 Nongeneral Fund $12,664,227 $0
Convey property to the real estate foundationAuthorizes the transfer of university-owned property to the real estate foundation for clearance and redevelopment into mixed use property with the cooperation of the City of Norfolk and private developers.