Consolidated Financial Report - SUNY Canton

Income Fund ReimbursableExpenditure $5,700,000(revenues generated and expenses incurred) if significantlydifferent from the original budget.OTPS71%Revenue $5,700,000Personal Services21% Temp Service8%IFR revenues must be sufficient to cover applicablefringe benefits and campus-determined overhead assessmentsin addition to actual expenditures. Theseitems are not budgeted separately, because they aretreated as negative revenue items as opposed toexpenditures. Due to the self-sufficient nature ofthese accounts, the revenues must cover increasedexpenditures resulting from inflation and negotiatedsalary increases.In most cases, IFR accounts are assessed an overheadrate of 15.5% on every dollar deposited. Thisrate was established July 1, 2000 and will continue atthe same level for the 2012-2013 fiscal year. Personalservice expenditures in IFR accounts are also assessedby the New York State fringe benefit rate. Therate for 2012- 2013 will be 51.68%.Academic11%Recharges10%Registration1%CARC9%Misc. Student4%Campus M&O9%SUNY Canton2012-2013 BudgetIncome Fund Reimbursable(IFR)OverviewInformation Technology14%Athletics25%Student Health13%International1%University Police3%Income Fund Reimbursable (IFR) accounts arefunds that are generated and replaced by suchsources as fees, fines, and direct charges to usersof that function or service. Expenditures fromIFR funds are controlled by available cash balance(which carries forward to subsequent fiscal years),as well as by budgeted allocations. Allocations arebased on a combination of prior cash balances andprojected expenditures. Allocations can be increasedor decreased as necessary to reflect actual activityFor the 2012-2013 fiscal year, the Campus will operate68 IFR accounts and subaccounts. Summarizedbelow are the number of accounts and allocationsfor each division of the campus.HighlightsThe campus IFR accounts are the depository accountsfor the Comprehensive Fee, which is ageneral fee assessed to all students. This fee includesthe Student Activity Fee assessed by the StudentGovernment Association, the Intercollegiate AthleticFee, the Student Health Services Fee, the TechnologyFee, the Alumni Fee assessed by the AlumniAssociation, the Recreational Facilities Fee, CollegeFee, Transcript Fee, Placement Fee, and the OrientationFee.Planning AssumptionsPlanning assumptions used in developing the variousIFR operating budgets for the 2012- 2013 fiscalyear include the following:• Actual IFR allocation need is determined by theanalysis of projected revenue and historical andplanned expenditures from the specific IFR accountsto reflect actual IFR allocation need.• The total Comprehensive Fee for 2011-12 forundergraduate students will be set at $724.50per semester.E-1 State University of New York at Canton