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

A Message from the Chairman and the Chancellor

We are pleased to present the Annual Financial Report of The State University of New York, providing an overview of the State University’s finances and operating results for the year ending June 30, 2015. Over the past year, the State University has continued to make good on its enduring commitment to expand college Access, Completion, and Success for all New York State students. Furthermore, we have codified our commitment to expanding these three areas, as well as Inquiry and Engagement, in our advanced performance-measurement system, SUNY Excels, launched this year. SUNY Excels was created through a highly consultative process, and will be the tool the State University uses to ensure we are delivering on our promise to become, as we say, the best at getting better in delivering higher education to New York State residents. The preliminary enrollment headcount for fall 2015 is 446,604, which represents a decline of 1.8 percent from last fall. Preliminary enrollment at the state-operated campuses is 220,774, up .1 percent over last fall, while preliminary enrollment at the community colleges is 225,830, down 3.4 percent. In the 2014-15 fiscal year, State University research continues to be strong, with key numbers up over last year. The Research Foundation for The State University of New York received 293 invention disclosures, filed 244 patent applications, was awarded 70 U.S. patents, executed 47 licenses, and received $18.2 million in royalties, up $5 million over last year. These achievements were the products of more than 6,809 projects that supported 15,832 employees statewide. This year, SUNY faculty, students, and staff attracted nearly $900 million in funding for 6,800 research, training, and public service projects. In pursuit of research excellence, the State University’s six Networks of Excellence have collectively funded workshops and small seed grants that have allowed teams to begin to work together to solve some of today’s biggest problems. Further powered this year through our innovative $100 million Investment and Performance Fund, the State University continues to be an outstanding investment for students and a critical economic and human capital resource for New York State. We take our responsibility as stewards of public dollars seriously, and we will continue to strive to be as efficient and creative as possible in managing our resources and fostering excellence in New York.

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H. Carl McCall Chairman

Nancy L. Zimpher Chancellor