Consolidated Financial Report - SUNY Canton

Income Fund ReimbursableFor the 2011-2012 fiscal year, the campus will operate 68 IFR accounts. Summarizedbelow are the number of accounts and allocations for each division of the Campus.Operating BudgetThe 2012-2013 IFR operating budget totals$5,700,000. Major elements include the threebroadbased fees and the increased reliance on IFRfunds by departments when State allocation is notsufficient for their operating needs. These accountsprovide funding for 18.59 FTE positions.The 2012-2013 IFR operating budget was preparedbased on SUNY’s general guidelines and IFRprinciples. Allocations are based on prior activity,projected activity where changes are anticipated,and available cash balances. The final IFR allocationassigned to the campus will be determined bySUNY System Administration and the adopted NewYork State Budget. All IFR allocations are contingentupon the account having sufficient cash balances.Expenditures can only be processed to the extentthat cash is available to support the allocation. Allocationscan usually be increased for accounts thatneed cash in excess of the allocation amounts.E-3 State University of New York at Canton