The 2011 Executive Budget Document
Old Dominion University
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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 | $ 108,914,246 | $ 208,087,189 | $ 163,506,516 |
| 2011 Base Budget | $ 107,643,803 | $ 228,732,966 | $ 170,791,691 |
| 2011 Addenda | $ 0 | $ 3,107,020 | $ 0 |
| 2011 Total | $ 107,643,803 | $ 231,839,986 | $ 170,791,691 |
| 2012 Base Budget | $ 96,796,298 | $ 223,303,292 | $ 171,793,698 |
| 2012 Addenda | $ 5,060,527 | $ 3,000,000 | $ 0 |
| 2012 Total | $ 101,856,825 | $ 226,303,292 | $ 171,793,698 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2007 Appropriation | 1,000.21 | 1,315.53 | 2,315.74 |
| 2008 Appropriation | 1,009.21 | 1,315.53 | 2,324.74 |
| 2009 Appropriation | 967.21 | 1,315.53 | 2,282.74 |
| 2010 Appropriation | 981.21 | 1,315.53 | 2,296.74 |
| 2011 Base Budget | 981.21 | 1,319.78 | 2,300.99 |
| 2011 Addenda | 0.00 | 0.00 | 0.00 |
| 2011 Total | 981.21 | 1,319.78 | 2,300.99 |
| 2012 Base Budget | 981.21 | 1,324.98 | 2,306.19 |
| 2012 Addenda | 0.00 | 0.00 | 0.00 |
| 2012 Total | 981.21 | 1,324.98 | 2,306.19 |
Capital Totals for the Biennium
| General Fund 2010-12 Biennium |
Nongeneral Fund 2010-12 Biennium |
Debt 2010-12 Biennium |
|---|---|---|
| $ 0 | $ 2,000,000 | $ 0 |
Recommended Operating Budget Addenda
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Adjust base funding to support institutional operationsProvides additional state funding to support the institution's essential operating requirements necessary to deliver quality instructional and student service activities. Despite this additional support, the institution's base adequacy attainment rate increases only slightly from 75 percent to approximately 78 percent, based on funding needs estimated by the State Council of Higher Education for Virginia, and remains the lowest base rate in the Commonwealth among public universities.
FY 2011 FY 2012 General Fund $ 0 $ 5,000,000
-
Support distance learning at the Luray-Page CenterExpands the institution's statewide TELETECHNET distance learning delivery into the existing facilities of Lord Fairfax Community College's Luray-Page Center. This expansion will enable the institution to offer the second two years of a bachelor's degree program that is currently an associate's degree program.
FY 2011 FY 2012 General Fund $ 0 $ 60,527
-
Adjust State Fiscal Stabilization Fund appropriationAdjusts the State Fiscal Stabilization Fund of the American Recovery and Reinvestment Act of 2009, due to technical revisions based on the U.S. Department of Education guidelines and the final actions of the 2010 General Assembly. These funds are used to support educational and general programs and student financial assistance.
FY 2011 FY 2012 Nongeneral Fund $ 107,020 $ 0
-
Increase nongeneral fund appropriation to reflect additional auxiliary enterprise program revenueAdjusts the auxiliary enterprise appropriation to address increased revenues associated with the institution's expansion in residential operations, parking services, student services, and athletics.
FY 2011 FY 2012 Nongeneral Fund $ 3,000,000 $ 3,000,000