The following three sections show the breakdown of costs by division in the academic
and research operations, including breakouts of the Stony Brook Foundation Support
and University Administration. The largest area is Academic Affairs, followed by Research
and Health Sciences/School of Medicine.
We anticipated operating expenses outpacing revenue in this fiscal year. As a result,
we do not expect to set aside funds to our reserves as we were able to do last year.
Stony Brook Foundation support is budgeted at the same level as in prior years. Annually,
the SBF provides $41.1 million of support to the operating budget through various
arrangements. The SBF support reflected above includes external philanthropic support
but does not include the $18.9 million we have categorized as SBF Agency funds elsewhere.
“Agency Funds” represent pass-through funds owned by the university and invested by
the Stony Brook Foundation on SBU’s behalf.
The University Administration category includes much of the general operating costs
for the university as a whole, for example in 2020/21, $33.8 million for Utilities
and $35.5 million for Facilities, Operations & Safety. University Administration,
Diversity and Legal Compliance represent 3.9 % ($6.6 million) of the $171.4 million
anticipated expenses. Due to an anticipated change in the mix of resident and nonresident
(international) students, an additional $8.1 million (3.7%) of student aid is budgeted
for FY21 compared to $54.7 million in FY20 actuals.
This chart shows academic and research operations by expense. Salary & Wages account
for 65% of the FY21 budget, followed by Contractual Services (8.4%) and Student Aid
(8.3%), comparable to the same actual expenses in FY20.
As noted above, we anticipated operating expenses outpacing revenue in this fiscal
year. As a result, we do not expect to set aside funds to our reserves as we were
able to do last year.
This chart shows hospital and clinic practice operations by expense. Salary & Wages
account for 54.3% of the FY21 budget, followed by Clinical Practice Supplies (21.3%)
and Contractual Services (9.7%).
Note: Data has been updated as of May 28, 2021.