A new budget for Ohio State provides a clearer picture of the impact of the COVID-19 pandemic on university operations. The Board of Trustees voted today to approve a $7.5 billion budget for Fiscal Year 2021. University leadership presented a detailed overview of the budget to the board that showed how the pandemic continues to present significant budgetary challenges for Ohio State. No source of revenue is unaffected.
Return-to-campus kits will be available at no cost through the university’s e-store program. Faculty kits will include chalk, markers and supplies to clean the boards in their classrooms. Department managers or human resources staff can procure the kits for faculty and staff before they return to campus. The e-store is expected to have kits available on Aug. 17.
Domestic and international travel restrictions, initially announced in March, have been extended until December 31, 2020 . All previously approved travel prior to that date must be canceled. Exemption processes and elevated approvals related to travel restrictions are available under specific circumstances.
The Ohio State University plans to increase tuition and fees for incoming Ohio freshmen by 3.9%, which equates to a $434 annual change from last year’s rate, according to a proposal being presented to the university’s Board of Trustees on Wednesday.
The Ohio State University names a new Chief Investment Officer (“CIO”) as the current CIO announces his retirement. Vishnu Srinivasan (“Vish”), an accomplished investment executive, will oversee the future strategic development and ongoing management of the university’s Long Term Investment Pool beginning on May 18th.
Refunds for housing and dining fees for students who vacated the residence halls will be issued on April 3. Recreational fees refunds apply to all students. The credited amounts represent the remaining 45 days of s pring semester (calculated from March 16). BuckID funds and Dining Dollars will be rolled over as detailed on the University Dining Plans page.
Ohio State has implemented new controls on cash reserves and restrictions on procurement spending -- as well as a temporary hiring pause -- as financially prudent steps in response to the coronavirus outbreak (COVID-19).
To expand on previous decisions, the university has suspended all university-sponsored international and non-essential domestic travel until future notice. All travel that has been scheduled through June 30, 2020 , must be cancelled (see cancellation guidelines ), and no new travel may be booked until further notified.
Temporary travel guidelines and approval processes were issued in response to the recent coronavirus announcement from President Drake . Effective immediately and until further notice, all university-sponsored international travel is suspended.