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Old Dominion University (221)

183.Higher Education Auxiliary Enterprises (80900)90,260,22490,260,224
94,476,42394,476,423
Food Services (80910)1,948,8121,948,812
2,098,9622,098,962
Bookstores and other Stores (80920)915,764915,764
Residential Services (80930)27,719,98227,715,928
29,328,42129,324,367
Parking and Transportation Systems and Services (80940)7,445,8947,445,894
Student Health Services (80960)2,118,9902,118,990
Student Unions and Recreational Facilities (80970)6,629,0586,629,058
6,853,9086,853,908
Recreational and Intramural Programs (80980)1,703,5761,703,576
2,213,7262,213,726
Other Enterprise Functions (80990)15,567,48615,567,486
16,079,74616,079,746
Intercollegiate Athletics (80995)26,210,66226,214,716
27,421,01227,425,066
Fund Sources:Higher Education Operating67,642,74367,642,743
71,858,94271,858,942
Debt Service22,617,48122,617,481

Authority: Title 23, Chapter 5.2, Code of Virginia.

Old Dominion University is authorized to establish a self-supporting "instructional enterprise" fund to account for the revenues and expenditures of TELETECHNET classes offered at locations outside the Commonwealth of Virginia. Consistent with the self-supporting concept of an "enterprise fund," student tuition and fee revenues for TELETECHNET students at locations outside Virginia shall exceed all direct and indirect costs of providing instruction to those students. Tuition and fee rates to meet this requirement shall be established by the University's Board of Visitors. Revenue and expenditures of the fund shall be accounted for in such a manner as to be auditable by the State Council of Higher Education for Virginia. Revenues in excess of expenditures shall be retained in the fund to support the entire TELETECHNET program. Full-time equivalent students generated through these programs shall be accounted for separately. Additionally, revenues which remain unexpended on the last day of the previous biennium and the last day of the first year of the current biennium shall be reappropriated and allotted for expenditure in the respective succeeding fiscal year.

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