2016_SUNY_Optometry_PRR

2 0 1 5 A N N U A L F I N A N C I A L R E P O R T

Table of Contents

Board of Trustees and Chancellor’s Cabinet .............................................................................. 2

A Message from the Chairman and the Chancellor ................................................................... 3

Independent Auditors’ Report ............................................................................................... 4-6

Financial Statements:

Management’s Discussion and Analysis (Unaudited)...................................................... 7-15

Balance Sheets ................................................................................................................... 16

Statements of Revenues, Expenses, and Changes in Net Position........................................17

Statements of Cash Flows............................................................................................. 18-19

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Balance Sheet - Component Units..................................................................................... 20

Statement of Activities - Component Units ....................................................................... 21

Notes to Financial Statements ...................................................................................... 22-45

Required Supplementary Information (Unaudited) ........................................................... 46-50

Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Stements Performed in Accordance with Government Auditing Standards .......................................... 51-52