The 2012 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|
|2009 Appropriation||$ 121,681,514||$ 191,996,931||$ 168,070,742|
|2010 Appropriation||$ 108,914,246||$ 208,087,189||$ 169,746,531|
|2011 Appropriation||$ 107,643,803||$ 231,839,986||$ 170,791,691|
|2012 Appropriation||$ 109,526,550||$ 226,303,292||$ 173,202,071|
|2013 Base Budget||$ 109,526,550||$ 226,303,292||$ 173,202,531|
|2013 Addenda||$ 9,465,329||$ 581,304||$ 1,211,675|
|2013 Total||$ 118,991,879||$ 226,884,596||$ 174,414,206|
|2014 Base Budget||$ 109,526,550||$ 226,303,292||$ 173,202,531|
|2014 Addenda||$ 9,471,024||$ 581,304||$ 1,211,675|
|2014 Total||$ 118,997,574||$ 226,884,596||$ 174,414,206|
|General Fund||Nongeneral Fund||Total Positions|
|2013 Base Budget||981.21||1,324.98||2,306.19|
|2014 Base Budget||981.21||1,324.98||2,306.19|
Capital Totals for the Biennium
|$ 0||$ 12,616,000||$ 67,824,000|
Recommended Operating Budget Addenda
Fund changes in state employee workers' compensation premiumsAdjusts the agency's budget for the general fund share of state employee workers' compensation premiums based on the allocation of FY 2013 and FY 2014 program costs provided by the Department of Human Resource Management. The allocation is based on the historical experience of the agency and reflects the current policy of providing agencies with 50 percent of any increased costs and allowing agencies to retain 50 percent of any reduced costs.
FY 2013 FY 2014 General Fund $ 27,449 $ 33,144
Fund higher education institutions to achieve the goals of the Virginia Higher Education Opportunity Act of 2011Provides funding to higher education institutions in support of achieving the goals of the Virginia Higher Education Opportunity Act of 2011 (Top Jobs Act). The Top Jobs Act strives to incentivize higher education institutions to educate and graduate more Virginians, while encouraging more graduates in the sciences, technology, engineering, math and health care fields, as well as supporting underrepresented students to graduate from higher education institutions. The goal is to achieve 100,000 degrees over the next 15 years in order to keep Virginia economically competitive, both nationally and internationally. This funding is also intended to slow the rising costs of tuition and fees in order to keep higher education more affordable.
FY 2013 FY 2014 General Fund $ 8,810,377 $ 8,810,377
Adjust funding to reflect changes in information technology and telecommunication chargesAdjusts the agency's budget for the general fund share of information technology and telecommunication charges based on changes in utilization, services, and rate changes approved by the Joint Legislative Audit and Review Commission on July 1, 2010, and September 1, 2011.
FY 2013 FY 2014 General Fund $ 58 $ 58
Distribute Central Appropriation amounts to agency budgetsAdjusts the institution's budget to reflect amounts moved to or from Central Appropriations to cover the costs of items such as changes in retirement and other benefit contribution rates, as well as the distribution of other centrally funded items.
FY 2013 FY 2014 General Fund $ 627,445 $ 627,445 Nongeneral Fund $ 581,304 $ 581,304
Recommended Capital Budget Addenda
Construct a basketball practice facilityProvides for the construction of a new 24,000 square foot basketball practice facility, which will house the practice gymnasium, basketball offices, and facilities for both the men's and women's teams. The project will be funded through private support.
FY 2011 FY 2012 Nongeneral Fund 6851000 0
Acquire additional landProvides for the acquisition of approximately three acres of property located on the periphery of the main campus. This acquisition ensures that adequate property is available to support planned facility, infrastructure, and traffic-related improvements. This project will be funded with auxiliary enterprise revenues.
FY 2011 FY 2012 Nongeneral Fund 5765000 0
Renovate student housingProvides for the continuation of the institution's three-phased renovation program to upgrade existing student housing. The renovations will bring the Whitehurst mid-rise residence hall into compliance with current safety and handicapped accessibility requirements and replace outdated and inefficient heating and air-conditioning and life safety systems. The project will be funded from the issuance of 9(c) revenue bonds.
FY 2011 FY 2012 Bond Proceeds 23113000 0
Expand and renovate Webb University CenterProvides for the reconfiguration of the Webb University Center, which includes demolishing a portion of the south side for a new dining facility, renovating 30,000 square feet to increase efficiency and create program space, constructing 30,000 square feet for more program space, and establishing an architectural connection with residential housing adjacent to the facility. This project will be funded from the issuance of 9(d) revenue bonds.
FY 2011 FY 2012 Bond Proceeds 19945000 0
Construct campus dining improvementsProvides for construction of a new 45,000 square foot dining facility in the Webb University Center that would serve approximately 1,000 patrons and the renovation of food service and seating areas in Rogers and Whitehurst Halls. The project will be funded from the issuance of 9(d) revenue bonds.
FY 2011 FY 2012 Bond Proceeds 24766000 0