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Schedule of Changes in Deposits Held in Custody for CUNY Colleges
Years ended June 30, 2011 and 2010
(unaudited)
2011
2010
Additions:
Facilities and administrative cost recoveries:
From sponsored programs
$42,342,977
41,457,407
From internal programs (college directed fees)
3,279,040
2,393,529
Released time recoveries
15,608,023
14,283,958
Summer salary recoveries
16,743,154
14,100,957
Summer salary recoveries-fringe benefits due to CUNY
49,277
2,225,619
Total
78,022,471
74,461,470
Charitable gift annuity held for CUNY
231,368
—
Interest income
210,599
582,915
Total additions
78,464,438
75,044,385
Deductions:
Administrative fee paid to RFCUNY
25,092,667
24,305,100
Campus-based expenses:
Instruction
228,563
161,719
Organized research
8,897,708
8,498,341
Departmental administration
7,195,146
6,797,462
Student services
514,429
376,702
General administration
6,924,123
5,196,122
Sponsored projects administration
3,018,188
3,707,762
Physical plant
—
11,051
Other institutional activity
485,194
513,822
Other sponsored activity
70,109
58,087
Total expenses
52,426,127
49,626,168
Refund to colleges
5,254,229
2,425,393
Summer salary and fringe benefit reimbursement to colleges
20,995,722
11,135,016
Summer salary and fringe benefit reimbursement to OUC
9,746,837
—
Transfer to CUNY miscellaneous
76,160
331,020
Bad debt (recovery) expense
(3,100,000)
1,900,000
Total deductions
32,972,948
15,791,429
Total expenses and deductions
85,399,075
65,417,597
Net (decrease) increase for the year
(6,934,637)
9,626,788
Deposits held in custody for CUNY colleges:
Beginning of year
79,397,567
69,770,779
End of year
$72,462,930
79,397,567
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