annual_report_2012

CAPITAL IMPROVEMENTS FINANCIALS

CAPITAL IMPROVEMENTS

FINANCIALS

Fiscal year is July 1 to June 30 for both State and Research Foundation. All data is as of September 28, 2012.

SOURCES OF FUNDS Year

2011-12

2010-11

State Appropriation – Core budget Appropriation based on Tuition, Fees Appropriation based on Clinic Pledge, Pooled Offset Campus Generated Revenues in excess of state appropriation Research Foundation From (To) Fund Balance Reserves

$

9,812,291 6,162,440 2,945,560 7,631,770 3,381,262 1,678,232 31,611,555

$

11,046,677 5,728,322 2,887,677 6,196,264 3,631,454 1,696,838 31,187,232

(left) Student Commons (above) The new fitness center in the Center for Student Life and Learning

$

$

EXPENDITURES 2011-12 State Core Budget Campus Generated Other–SUTRA Research Foundation State Core Budget Campus Generated Other–SUTRA Research Foundation 2010-11

Capital improvements at the College are critical in fulfilling the education, patient care and research goals of the College’s five-year strategic plan. •   Renovated first-floor lecture halls will create space to accomplish the College’s goal of expanding class size to 100 students by fall 2014 and to provide updated instructional technology. •   Refurbished research labs on the 16th and 17th floors will be essential in attracting and retaining highly qualified students and faculty in the future. •   The Center for Student Life and Learning will not only be an environment for advanced education and student activity, it will also provide multipurpose space for various events and gatherings for the College community, as well as outside groups who will pay a usage fee to the College. •   A renovated main lobby will include a new and redesigned patient intake area that will be a next step in providing high-quality care. •   Ongoing critical infrastructure maintenance and repair projects will preserve the building and maintain health and safety. Under the leadership of Dr. David Heath, College President, and Vice President for Administration and Finance David Bowers, capital improvements will continue into the 2013 to 2018 work cycle to ensure that facilities meet the growing needs of students, faculty, staff and patients.

Other Than Payroll

$ Payroll (regular) 16,588,898 4,274,614 900,000

Payroll (temp)

Total

$

560,569 137,883

$

1,770,824 4,074,830 612,740

$

18,920,291 8,487,327 1,512,740 2,691,197 31,611,555

SUNY College of Optometry 2008-13 Capital Projects Beneficial Occupancy*

Total Budget**

$

21,763,512

$

698,452

$

6,458,394

$

In Design:

Rehab 1st Floor Lecture Halls

12/31/13

$2,193,000

$

17,591,991 3,864,484

$

507,358 167,663

$

1,564,228 2,735,309 1,613,545

$

19,663,577 6,767,456 1,613,545 3,142,654 31,187,232

Design Complete - To Be Bid:

Lobby Renovations

8/14/14

$3,510,000

$

21,456,475

$

675,021

$

5,913,082

$

Under Construction:

RESEARCH FOUNDATION Sources of Funds

Projects in Beneficial Occupancy: Rehab Elevators Upgrade Fire Alarm System Building Entry Improvements HVAC Controls & Balancing Rehab 2nd Floor Lecture Hall Center for Student Life and Learning Rehab Research Floors 16 & 17 Rehab Electrical Systems

2/6/13 5/19/13 4/20/14

$9,776,146 $2,578,625 $8,448,458

Expenditures

2011-12

2011-12

Sponsored Programs – Direct Indirect Cost Recovery

$

2,416,375 964,887 3,381,262

Sponsored Programs – Direct Indirect Cost Recovery

$

2,416,375 274,822 2,691,197

11/18/09 4/30/10 1/16/12

$1,749,898 $2,359,725 $133,172 $3,436,000 $70,000

$

$

2010-11

2010-11

2/3/11 8/1/12

Sponsored Programs – Direct Indirect Cost Recovery

$

2,693,395 938,059 3,631,454

Sponsored Programs – Direct Indirect Cost Recovery

$

2,693,395 449,259 3,142,654

$

$

* Space usable but project not officially closed out. ** Includes design, construction, and equipment and is not necessarily final project cost. Note: Capital funds are also used for varied minor repair and rehab jobs.