Page 48 - RFCUNY-2010AnnualReport

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2010 2009

Additions:

 Facilities and administrative cost recoveries:

  From sponsored programs $41,457,407 34,758,112   From internal programs (college directed fees) 2,393,529 2,694,115  Released time recoveries 14,283,958 12,311,409  Summer salary recoveries 14,100,957 13,417,320  Summer salary recoveries—fringe benefits due to CUNY 2,225,619 4,374,523    Total 74,461,470 67,555,479  Interest income 582,915 1,110,535    Total additions 75,044,385 68,666,014

Deductions:

 Administrative fee paid to RFCUNY 24,305,100 22,694,746  Campus-based expenses:

  Instruction 161,719 403,843   Organized research 8,498,341 9,108,183   Departmental administration 6,797,462 7,043,237   Student services 376,702 522,583   General administration 5,196,122 6,417,738   Sponsored projects administration 3,707,762 1,364,490   Physical plant 11,051 430,130   Other institutional activity 513,822 545,540   Library expense — —   Other sponsored activity 58,087 76,554    Total expenses 49,626,168 48,607,044  Refund to Colleges 2,425,393 1,759,295  Summer salary and fringe benefit reimbursement to colleges 11,135,016 14,720,766  Transfer to Central Allocation Budget — —  Transfer to CUNY miscellaneous 331,020 105,176  Bad debt (recovery) expense 1,900,000 200,000  Other Income from College to cover deficit — (22,353)    Total deductions 15,791,429 16,762,884    Total expenses and deductions 65,417,597 65,369,928    Net increase for the year 9,626,788 3,296,086

Deposits held in custody for CUNY colleges:

 Beginning of year 69,770,779 66,474,693

 End of year $79,397,567 69,770,779

Schedule of Changes in Deposits Held in Custody for CUNY Colleges Years ended June 30, 2010 and 2009 (unaudited)