Commonwealth of Virginia 2009 Budget Document: Agency Details

The 2009 Executive Budget Document

Old Dominion University

http://web.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 History

	General Fund	Nongeneral Fund	Positions
2005 Appropriation	$ 87,334,547	$ 120,922,338	2,262.74
2006 Appropriation	$ 95,832,281	$ 125,093,860	2,261.74
2007 Appropriation	$ 121,888,438	$ 150,355,467	2,315.74
2008 Appropriation	$ 126,739,038	$ 160,794,461	2,324.74

New Operating Budget Summary

	General Fund	Nongeneral Fund	Positions
2009 Base Budget	$ 127,327,412	$ 180,441,943	2,282.74
2009 Addenda	$ (5,645,898)	$ 11,554,988	0.00
2009 Total	$ 121,681,514	$ 191,996,931	2,282.74

2010 Base Budget	$ 124,327,412	$ 185,691,943	2,282.74
2010 Addenda	$ (10,603,914)	$ 22,395,246	14.00
2010 Total	$ 113,723,498	$ 208,087,189	2,296.74

Recommended Operating Budget Addenda

Increase nongeneral fund appropriation to reflect additional auxiliary enterprise program revenue
Adjusts the auxiliary enterprise appropriation to address debt service payments and record revenues associated with the institution's expansion in its residential operations and athletic programs. For 2009, $11.6 million (NGF). For 2010, $15.7 million (NGF).

Adjust nongeneral fund appropriation for educational and general programs
Increases the nongeneral fund appropriation to reflect anticipated increased tuition and fee revenue for educational and general programs. For 2010, $6.7 million (NGF).

Transfer support from the Tuition Moderation Incentive Fund to the FY 2009 eligible participants
Provides funds for institutions that met the eligibility requirements for the FY 2009 Tuition Moderation Incentive Fund. This transfer represents the institution's amount listed in Chapter 879, 2008 Acts of Assembly. For 2010, $1.1 million (GF).

Reflect Governor’s October reductions in agency budgets
Reflects the reductions approved by Governor Kaine in October 2008 for 2009 and the corresponding continuation of savings in 2010. See Part D of this document for reduction details. For 2009, a decrease of $5.6 million (GF). For 2010, a decrease of $16.5 million (GF).

Implement targeted reductions
Implements targeted reductions for 2009 and 2010 included in Governor Kaine's 2008-2010 Budget Reduction Plan. Reduction details can be found in Part D of this document. For 2010, a decrease of $102,116 (GF).

Continue support for the instructional component of modeling and simulation
Provides funds to support the continued operation of the institution's modeling and simulation programs. These academic programs and the research associated with them have resulted in increased economic opportunities for the Hampton Roads region. For 2010, $2.1 million (GF) and an increase of 14 positions.

Increase undergraduate student financial assistance
Increases funding for need-based financial aid for in-state undergraduate students. For 2010, $2.8 million (GF).

Capital Totals for the Biennium

General Fund 2008-10 Biennium	Nongeneral Fund 2008-10 Biennium	Debt 2008-10 Biennium
$ 0	$ 0	$ 8,375,000

Recommended Capital Budget Addenda

Improve Webb University Center
Provides supplemental funding for the improvements to the Webb University Center. The issuance of 9(d) revenue bonds through the Virginia College Building Authority is necessary to permit the institution to move more quickly on the planned renovation and expansion of the facility. For the biennium, $3.9 million (NGF).

Construct Powhatan Sports Complex
Provides supplemental funding for an off-campus strength and conditioning facility for the women's intercollegiate crew team. The project will be funded from the issuance of 9(d) revenue bonds. For the biennium, $4.5 million (NGF).

Budget Reduction Strategies

October Reduction Strategies

Implement higher education savings strategies

Institutions of higher education will implement strategies to capture savings through administrative streamlining, implementing program efficiencies and realignment. When identifying areas of savings, consideration will be given to preserving the core mission of the institution to ensure the delivery of quality instruction and student services. Included in this recommendation are estimated position reductions and layoffs for Old Dominion University. The institution will identify specific position reductions and layoffs upon approval of a final reduction plan by the Board of Visitors.

	FY 2009		FY 2010
General Fund Savings	$ (5,645,898)		$ (16,487,695)

December Reduction Strategies

Remove additional funding for pay practices
Removes the half-percent pay practices funding granted to Executive branch agencies in the 2006-08 biennium.

FY 2009 FY 2010

General Fund Savings $ 0 $ (102,116)