MSCHE/ACOE Self Study

program and, as such, are not charged additional tuition for graduate courses. The College incurs the cost of tuition for graduate courses. Appendix D-8 provides past, current, and projected enrollment data for both the professional (O.D.) and graduate programs (M.S., Ph.D.). Significant changes in enrollment are not anticipated for any of the programs through 2012. Income from Research Grants Total income (direct and indirect costs) from research grants for 2007-2008, 2008-2009 and 2009-2010 are $2.6 million, $3.1 million and $3.3 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 are 79.5% of salary and wages for most federal awards and 32.2% for non-federal awards. Additional information on research grant activity is given in Section C of this Self- Study. 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. The fee for these services is 4% of the weighted average for the last three years of campus income from sponsored programs; investment income distribution; and royalties and gifts. For FY 2010-11 the assessment was $122,864. Clinical Income Built into the College’s budget is an expectation for clinical income 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. For 2007-2008, 2008-2009 and 2009- 2010 total clinical revenues were $7.86, $8.28 and $8.85 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 an average of $903,358 annually from 2004-2010. The Foundation’s balance as of June 30, 2010 was $8.32M. The Foundation is currently conducting a five- year major-gifts campaign that is described in Section G of the Self-Study. 4.6.1 The program utilizes sound and generally accepted financial management procedures to assure effective monitoring, control and accountability of its fiscal resources. As discussed in Section A: Planning, Resource Allocation, and Institutional Renewal (MSCHE 2) of the Self-Study (page 8), allocation of campus resources

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