University Budget
OUR FOUNDATION
Stony Brook University's budget planning processes are rooted in seven guiding principles,
outlined below. Through partnership with all University stakeholders, we collaboratively
coordinate our all-funds budget model and engage in fiscal planning that will allow
our SBU campuses to continue to excel as one of New York State's premier educational
and research institutions.
1. Strategic, transparent, consistent and fair processes.Â
2. Facilitate two-way discussions between entities, a joint understanding of markets,
and annual discussions about institutional priorities.
3. Translate strategic goals into management and operating plans.Â
4. Results in policies and procedures that focus on alignment, entrepreneurship, and
efficient use of resources.Â
5. Optimize incentives with the potential to create win-win opportunities across an
entire institution
6. Identify the true nature of internal subsidies (transfer payments)
7. Avoid 'incremental' budgeting, which fails to evaluate base budget allocations or
adequately reflect changes in key drivers
OUR PLAN
By utilizing an all-funds budgeting model, Stony Brook University will build a comprehensive
framework structured to facilitate strategic resource allocation decisions for all
SBU affiliated entities. The five pillar framework focuses on operations, incorporating
all expendable operating sources and uses into the University budget, and initially
will not encompass capital budgeting.Â
With the inclusion of all major revenue sources, the expanded budget view enhances
understanding of how and whether financial resources are allocated in support of institutional
priorities. After that, next steps should include integrating the operating budget
with long-term capital plans.
ONE
Support integrated planning focused on alignment with strategic objectives and avoid promoting decisions based on parochial perspectives.
TWO
Provide transparency into the source and use of funds, including compliance with requirements surrounding the use of restricted funds.
THREE
Include all sources of funding, including tuition, state appropriations, restricted and unrestricted income, direct and indirect funding, earned revenue, expendable gifts and endowment spending allotment.
FOUR
Optimize funding available for general purpose use through strategic utilization of designated/restricted funding sources.
FIVE
Be developed based on a consistent methodology and analysis of trusted and measurable data across all areas of the University.
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THE GOALS
This multi-year, integrated planning process will take University priorities such
as research, teaching, student success and diversity, equity and inclusion to achieve
three goals.
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ONE
Stabilize the budget
TWO
Fund strategic priorities
THREE
Create consistent processes and policies
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This will ultimately build a stronger SBU with measurable outcomes.Â
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Budget Development
Budget Maintenance
Policies and Forms
Resource Library and Training
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