ACOE_Self-Study

students in the optometry professional program and, as such, are not charged additional tuition for graduate courses. The College incurs the cost of tuition for graduate courses. Significant changes in enrollment are not anticipated for any of the College’s programs. Income from Research Grants Total income (direct and indirect costs) from research grants for 2015-16, 2016-17 and 2017-18 are $3.6 million, $3.0 million and $2.9 million respectively. Grant activity is managed through the Research Foundation (RF) of the State University of New York, which computes and negotiates the indirect reimbursement rates paid by granting agencies. Current rates, through 6/30/22, are 62% of modified total direct costs for most federal awards and 71% for non-federal awards. Additional information on research grant activity can be found under Standard III. The College maintains a relationship with the RF central office that facilitates financial and operational compliance with sponsored programs issued through federal and state funding agencies, foundations and industry. The RF provides critical financial and accounting services and reports as well as management and training for administrators and principal investigators and legal and intellectual property management services. Clinical Income Built into the College’s budget is an expectation for clinical incom e from the operations of the University Eye Center (UEC). This income is derived from patient fees (self-paid) and reimbursement from Medicaid, Medicare and a variety of health care third party plans, as well as income from contractual relationships with various satellite locations. For 2015-16, 2016-17 and 2017-18 total revenues from these sources were $8.0, $8.6 and $10.4 million, respectively. Philanthropy A major source of philanthropic activity has been through the campus-related foundation, the Optometric Center of New York (OCNY), which has raised (including interest and dividends) an average of about $1,851,415 annually from FY 2014-15 to FY 2017-18. The Foundation’s total assets as of June 30, 2017 equaled $11,011,641. The Foundation is currently conducting a mini- campaign in support o f a new pediatric unit on the building’s 10 th floor and anticipates the launch of a major gifts campaign to celebrate the College’s 50 th anniversary in 2021. 4.6.1 The program must utilize sound and generally accepted financial management procedures to assure effective monitoring, control and accountability of its fiscal resources. As stated in the College’s Assessment Plan, resource allocation is driven by the College’s mission, goals and objectives. When submitting annual budget requests, vice ‐ presidents are required to justify each request by linking it to a specific component of the strategic plan. The budget request form completed annually by area heads can be found in Appendix VII-5 . As a state-operated entity, the College is subject to the rules, regulations, operating and audit procedures that govern other New York State agencies. Information systems with regard to financial operations (purchasing, payroll, personnel, etc.) are linked to the SUNY system-wide network, the Office of the State Comptroller and the Department of Civil Service.

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