Page 2 - RFCUNY-2010AnnualReport

A Word About Award Activity

The figures and charts in the front part of the annual report reflect “award activity” or gross sponsor commitments recorded in the fiscal year. On the other hand, the Grants and Contracts sections of the audited financial state-ments reflect fiscal year “expenses” on sponsored awards. In many cases, expenses are actually lower than the award activity. The main reason for this would be multi-year awards, which are recorded in their entirety when received but expended over multiple years. The reader will, therefore, note that the figures in the audited financial statements differ from those in the report narrative and charts because they refer to different measures.

For a complete listing of 2010 awards, go to www.rfcuny.org/annualreport

Table of Contents

Letter from the Chairman and the President... 1 Introduction. ........................................................ 4 Project/PI Profiles................................................ 14 Financial Statements.......................................... 29 Supplemental Financial Schedules................... 41

The Research Foundation

of The City University of New York