The State University System (SUS) of Florida is committed to excellence in teaching, research and public service--the traditional mission of universities. This is achieved through a coordinated system of institutions, each having a distinct mission and each dedicated to meeting the needs of a diverse state and nation. This past year, the System has experienced myriad accomplishments and has identified a number of opportunities for improvement. Some of these include: (1) At the System level, six of the eight Performance-Based Funding (PBF) metrics that are common to all universities show improvement over last year's data; (2) The Board's new Cost to the Student affordability metric shows that the average cost of earning a bachelor's degree is less than $15,000 after financial aid (grants, scholarships and waivers) is included. And the costs for 8 of the 11 universities show a decreasing trend; (3) The State University System's 6-year graduation rate for First-Time-in-College Students is the second highest among the ten largest states; and (4) The State University System of Florida produces more degrees in Business and Health Professions at both the bachelor's and graduate levels than any other discipline. [For the accompanying data tables, see ED597008. For the 2014-15 report, see ED572258.]