Financial Reporting

UB strives to deliver centralized financial information and key reports to the campus community.

On this page:

UB Financial Statements

Downloads - University and Component Unit Financial Statements

Annually, the University at Buffalo issues financial statements for the fiscal year ending June 30. These unaudited financial statements are compiled based on State University of New York (SUNY) campus level financial reports representing the operations for state and research foundation activities.  Such reports are made available to the University between November and December.  Financial Statement preparation occurs in the January/February time frame.

Financial statement schedules include a component unit presentation. Component Units include the campus related Foundation and the auxiliary service entity, Faculty-Student Association (dba Campus Dining and Shops).

Notes to Financial Statements

Financial Reports and Publications
Unit Description Link
State University of New York (SUNY) As part of the State University of New York (SUNY) the university's financial information is also included in the complete SUNY financial statement which is part of SUNY's Annual Report. View SUNY publications and reports
Research Foundation of SUNY As a premier research institute the research portion of the university's financial information is also included in the complete Research Foundation (RF) financial statement which is part of RF's Annual Report. View Research Foundation annual report
The University at Buffalo Foundation The Foundation is a nonprofit organization responsible for the fiscal administration of revenues and support received for the promotion, development and advancement of the welfare of the university, and its students, faculty, staff and alumni. The Foundation receives the majority of their support and revenues through contributions, gifts and grants and provides benefits to their campus, students, faculty staff and alumni. View financial information about the University at Buffalo Foundation
Campus Dining and Shops Campus Dining and Shops is a campus-based, legally separate, nonprofit organization which as independent contractor operates, manages and promotes educationally related services for the benefit of the campus community. View information on Campus Dining and Shops operations

Integrated Post-secondary Education Data System (IPEDS)

Download — IPEDS Data

IPEDS is a system built around a series of interrelated surveys which collect institution-level data in areas including enrollments, program completions, graduation rates, faculty, staff, finances, institutional prices, and student financial aid.

The university’s financial IPEDS data is compiled by the State University of New York (SUNY) Controllers Office based on a timeline.

Supplemental Financial Activity Reporting

Downloads — UB Financial Activities Overview

In This Section:

Core Operating Activities

The core operating activities overview examines the University at Buffalo’s core financial operating activities, as defined by the university for the fiscal year ended June 30, 2019. Information is reported on a cash basis and represents the combination of activity occurring in the funding sources noted below.

  • State Operating Budget
  • Dormitory Income Fund Reimbursable (DIFR)
  • Income Fund Reimbursable (IFR)
  • State University Tuition Reimbursable (SUTRA)
  • SUNY University Wide Budget (allocated to UB cost center)
  • Research Foundation (RF) facility and administrative cost recovery (indirect cost) and other revenue
  • University at Buffalo Foundation, Inc. and Affiliates (designated operating accounts)

State Appropriation

UB receives state appropriation to support its core operating budget from a combination of state tax dollar support and revenues from tuition and certain other sources (revenue targets).

University-wide Programs Appropriation

UB receives appropriations earmarked for specific purposes.

Tuition Revenue

Annual tuition revenue paid by resident and non-resident students.

Comprehensive Fee

The comprehensive fee is a consolidation of campus-required fees paid by students attending UB.

Residence Halls and Apartments Revenue

Revenue from residence halls is accounted for in Dormitory Income Fund Reimbursable (DIFR) state accounts while revenue from on-campus apartment rentals is administered through the University at Buffalo Foundation Faculty-Student Housing Corporation.

Activity Revenues

Various activities conducted at UB produce revenues that are used to enhance UB’s operations.

Facility and Administrative (F&A) Cost Recovery

F&A cost recovery earned net and gross of the RF annual assessment.

Endowment and Similar Investments

UB Foundation’s (UBF) endowment consists of individual funds established for a variety of purposes, including both donor-restricted endowment funds and funds designated by UBF’s Board of Trustees to function as endowments.

Long-term Debt

UB has entered into agreements to finance various capital facilities or large equipment purchases.

General University Service Fee (GUSF)

A general university service fee (GUSF) of 13% is charged on external revenues that are deposited into state Income Fund Reimbursable (IFR), University at Buffalo Foundation (UBF), Research Foundation (RF) and Campus Dining & Shops (CDS) accounts.