RF Financials 101
RF Financial Concepts 101
Understanding the Business of the RF
Module 1: Understanding RF Sources of Income
Funds Generated From Contracted Services for Campus Related Organizations
Contracted services is another service that the RF provides to the SUNY research community.
With systems already in place to support grant administration and sponsored programs, the RF is able to generate funds by providing "contracted services" to campus-related organizations. Contracted services include human resources, payroll and purchasing services provided to clinical practice plans, outpatient facilities, affiliated health care facilities and campus-based foundations. Examples of campus related organizations using RF contracted services are Stony Brook's Clinical Practice Management Plan (CPMP) and the Binghamton University Foundation.
The RF charges a fee to recover the campus and central office costs of actually providing the contracted service, for things like utilities and infrastructure.
The RF also recovers costs from third parties using RF-owned facilities, such as an MRI facility or nanotechnology clean room.
The RF is also a partner in Brookhaven Science Associates LLC, which runs Brookhaven National Laboratory. The LLC provides equity distributions to the members.
What the Data Shows
Funding from contracted services in 2016 is expected to be $190.5 million in direct dollars, $7.8 million in cost recoveries, $13.4 million in fees paid by business/industry to use campus service centers and $1.7 million in equity distributions.
Contracted Services and Use of RF Facilities Generate Funds
The RF recovers costs from outside parties using RF-owned facilities, like this clean room at SUNY Polytechnic Institute’s Albany NanoTech Complex.
Where to Find More Information
Please refer to the 2016 Operating Plan.