LETTER TO THE PRESIDENT
April 20, 2021
Maurie D. McInnis, Ph.D., President
State University of New York at Stony Brook
Administration Building, Room 310
Stony Brook, NY 11794-1701
Dear Dr. McInnis,
The accompanying financial statements prepared from the accounting records of Stony
Brook University (hereafter referred to as the University) set forth the financial
condition of the University at June 30, 2020, including the results of its operations
for the fiscal year. Notes to the financial statements should be considered an integral
part of the statements and the report as a whole. Prior-year data is provided to allow
comparisons with the previous reporting period.
Stony Brook University’s financial statements are consolidated in the annual financial
report of the State University of New York (hereafter referred to as SUNY) as a component
unit. Effective June 30, 2007, the University adopted a financial statement format
consistent with SUNY’s audited financial statements to comply with GASB and FASB pronouncements.
The accompanying financial statements, to the extent possible, fairly represent the
University’s component information as provided by SUNY.
The financial information included in this report incorporates the major operations
of the University, including the Research Foundation of the State University of New
York. The financial statements of the Stony Brook University Component Units, which
include the Stony Brook Foundation and Faculty Student Association, are presented
on pages 8 and 9. The financial operations of the Clinical Practice Management Plan
are not included in this report. The annual report has been prepared in accordance
with accounting principles recommended by the American Institute of Certified Public
Accountants and the National Association of College and University Business Officers
to the degree practical.
David J. Gray
Interim Vice President for Budget and Financial Planning