financial statement template

The Trustees of Columbia University in the City of New York Report in Connection with OMB Circular A-133 For the year ended June 30, 2003

The Trustees of Columbia University in the City of New York Report in Connection with OMB Circular A-133 For the year ended June 30, 2003 Table of Contents

Page Report of Independent Auditors on Basic Financial Statements and Supplementary Schedule 1 Balance Sheet as of June 30, 2003 and 2002 2 Statement of Activities for the year ended June 30, 2003 with comparative totals for the year ended June 30, 2002 3 Statements of Cash Flows for the year ended June 30, 2003 and 2002 4 Notes to Financial Statements 5 Summary of the Schedule of Expenditures of Federal Awards for the year ended June 30, 2003 15 Schedule of Expenditures of Federal Awards for the year ended June 30, 2003 16 Notes to Schedule of Expenditures of Federal Awards for the year ended June 30, 2003 35 Report of Independent Auditors on Compliance and on Internal Control over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 38 Report of Independent Auditors on Compliance with Requirements Applicable to Each Major Program and Internal Control Over Compliance in Accordance with OMB Circular A-133 40 Schedule of Findings and Questioned Costs 42 Status of Prior Year’s Findings 45 Management’s Corrective Action Plan

BALANCE S HEET

at June 30, 2003, with Comparative 2002 (in thousands of dollars)

University Long-Term Total TotalOperations Investments Plant 2003 2002

Assets

Cash and cash equivalents $379,724 $8,454 $388,178 $429,698

Accounts receivable, net:

Government agencies 71,933 71,933 61,880

Patient receivables 81,650 81,650 86,940

Other 155,058 $913 155,971 121,025

Investment income receivable, net 4,939 4,939 8,610

Receivable for securities sold 62,642 62,642 21,355

Pledges receivable, net 46,355 81,113 52,871 180,339 180,342

Student loans receivable, net 68,400 68,400 72,794

Investments, at market 129,571 4,681,486 4,811,057 4,674,417

Cash and securities held in trust by others 2,796 160,612 163,408 151,341

Land, buildings, and equipment, net 1,470,346 1,470,346 1,351,474

Other assets 38,313 7,392 45,705 42,765

Net assets held by CPMC Fund, Inc. 85,936 85,936 89,392

Interest in perpetual trusts held by others 116,430 116,430 120,441

Interfund advances 168,875 (168,875)

Total assets $1,147,614 $5,036,061 $1,523,259 $7,706,934 $7,412,474

Liabilities

Accounts payable and accrued expenses $209,707 $36,170 $245,877 $210,263

Liabilities for securities purchased 273 $9,766 10,039 7,236

Liabilities for funds borrowed under

repurchase agreements 200,000 200,000 200,000

Prepaid tuition and other deferred credits 59,855 59,855 53,385

Deferred grant revenue 10,124 21,066 31,190 31,528

Refundable advances 106,210 106,210 100,704

Federal student loan funds 63,258 63,258 61,466

Postemployment benefits payable 36,130 36,130 33,909

Postretirement benefits payable

other than pensions 7,305 7,305 7,207

Actuarial liability for split interest agreements 27,198 27,198 27,373

Bonds and notes payable 17,134 172,467 753,047 942,648 854,546

Total liabilities 509,996 409,431 810,283 1,729,710 1,587,617

Net Assets

Unrestricted 590,205 2,899,544 660,105 4,149,854 4,011,135

Temporarily restricted 46,355 481,289 52,871 580,515 625,658

Permanently restricted 1,058 1,245,797 1,246,855 1,188,064

Total net assets 637,618 4,626,630 712,976 5,977,224 5,824,857

Total liabilities and net assets $1,147,614 $5,036,061 $1,523,259 $7,706,934 $7,412,474

See accompanying Notes to Financial Statements.

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S TATEMENT OF ACTIV ITIES

Year Ended June 30, 2003, with Comparative 2002 (in thousands of dollars)

Temporarily Permanently Total TotalUnrestricted Restricted Restricted 2003 2002

Operating activitiesRevenues and suppor t

Tuition and fees $526,469 $526,469 $490,647Less financial aid grants (144,207) (144,207) (132,709)Net tuition and fees 382,262 382,262 357,938

Government grants, and contracts:Direct 405,039 405,039 374,770 Indirect 126,949 126,949 112,306

Private gifts, grants, and contracts:Direct 199,096 $31,488 230,584 221,246 Indirect 10,472 10,472 9,740

Revenue from other educational andresearch activities 288,588 288,588 320,741 Medical faculty practice plan income 316,933 316,933 308,809 Investment income and gains utilized 232,549 320 232,869 229,093 Sales and services of auxiliary enterprises 68,978 68,978 64,425 State aid 3,066 3,066 3,526 Other sources 8,651 8,651 6,147 Net assets released from restrictions 61,990 (61,990)

Total operating revenues and support 2,104,573 (30,182) 2,074,391 2,008,741

ExpensesInstruction, research, and educational

administration 1,243,768 1,243,768 1,142,118 Medical faculty practice plan expense 316,019 316,019 305,412 Librar y 41,391 41,391 39,418 Operation and maintenance of plant 100,668 100,668 92,674 University administration 93,876 93,876 86,447 Auxiliary enterprises 59,991 59,991 56,653 Depreciation expense 119,777 119,777 118,283 Interest expense 35,303 35,303 34,833 Other 27,007 27,007 19,278

Total expenses 2,037,800 2,037,800 1,895,116

Change in net assets from operating activities 66,773 (30,182) 36,591 113,625

Nonoperating activitiesEndowment gifts $61,957 61,957 64,705 Current year realized and unrealized

capital gains (losses) 204,788 14,147 (2,240) 216,695 (97,079)Prior endowment appreciation utilized (140,739) (26,706) (167,445) (136,543)Change in net assets held by CPMC Fund, Inc. (3,964) 508 (3,456) 1,394 Change in funds held by others in perpetuity (4,011) (4,011) 1,111 P resent value adjustment to split interest

a g re e m e n t s (2,402) 2,577 175 3,639 Additional minimum pension liability (8,760) (8,760)Other 20,621 20,621

Change in net assets from nonoperating activities 71,946 (14,961) 58,791 115,776 (162,773)

Change in net assets 138,719 (45,143) 58,791 152,367 (49,148)

Net assets at beginning of year 4,011,135 625,658 1,188,064 5,824,857 5,874,005

Net assets at end of year $4,149,854 $580,515 $1,246,855 $5,977,224 $5,824,857


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S TATEMENT OF CASH FLOWS

Years Ended June 30, 2003 and 2002 (in thousands of dollars)

Total Total2003 2002

Cash flows from operating activities(Includes adjustments to reconcile change in net assets to net cash provided by operating activities):

Change in net assets $152,367 ($49,148)Depreciation and amortization 119,777 118,283 Realized and unrealized (gains) losses (216,695) 97,079 Contributions restricted for permanent investment,

plant, and split interest agreements (71,567) (76,580)Present value adjustments to split interest agreements (175) (3,639)Accreted interest on bonds 2,625 2,522 Investment income net of payments on split interest agreements 931 887 Change in fair value of net assets held by CPMC Fund, Inc. 3,456 (1,394)Change in fair value of interest in perpetual trusts held by others 4,011 (1,111)Change in operating assets and liabilities:

Accounts receivable, net (39,709) (42,179)Investment income receivable, net 3,671 2,220 Pledges receivable, net 3 575 Other assets (2,940) (9,159)Accounts payable and accrued expenses 35,614 58,090 Prepaid tuition and other defer red credits 6,470 11,745 Deferred grant revenue (338) 762 Refundable advances 5,506 19,262 Postemployment benefits payable 2,221 3,395 Postretirement benefits payable other than pensions 98 2,336

Net cash provided by operating activities 5,326 133,946

Cash flows from investing activitiesProceeds from sale of investments 4,699,755 3,569,359 Purchase of investments (4,549,062) (3,487,148)Collections from student notes 15,693 11,002 Student notes issued (11,299) (8,207)Purchases of institutional real estate (109,122) (93,578)Purchases of plant and equipment (238,649) (238,360)

Net cash used by investing activities (192,684) (246,932)

Cash flows from financing activitiesProceeds from contributions for:

Investment in endowment 54,275 61,604 Investment in plant 14,097 13,883 Investment in split interest agreements 3,195 1,093

Investment income on split interest agreements 2,080 2,489 Payments on split interest agreements (3,011) (3,376)Repayment of bonds and notes payable (42,883) (57,546)Proceeds from bond issuance 116,293 125,788 Net change in federal student loan funds 1,792 2,763

Net cash provided by financing activities 145,838 146,698

Net change in cash and cash equivalents (41,520) 33,712 Cash and cash equivalents at beginning of year 429,698 395,986

Cash and cash equivalents at end of year $388,178 $429,698

Supplemental disclosure of cash flow information: Cash paid during the year for interest $41,565 $38,191


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NOTES TO FINANCIAL S TAT E M E N T S(in thousands of dollars)

1. Org a n i z a t i o nThe Trustees of Columbia University in the City of NewYork (the “University”) is a privately endowed, nonsectarian,n o t - f o r- p ro fit institution of higher education. Encompassingsixteen undergraduate, graduate, and professional schools,the University provides instruction at these levels, perf o rm sresearch, training, and other services under grants and contracts with agencies of the Federal Government andother sponsoring organizations, and provides professionalmedical services to patients at various hospitals and otherhealth care facilities. The University has approximately3,000 full-time faculty, 2,000 of these in the Health SciencesDivision, the center of University-provided medical serv-ices, and 23,000 full-time and part-time students. T h eU n i v e r s i t y ’s programs and re s e a rch are concentrated on twosites in New York City and extend throughout the globe.

2. Summary of Significant Accounting PoliciesThe significant accounting policies of the University areas follows:

Basis of ConsolidationThe accompanying financial statements include the accountsof all divisions of the University (except Barnard Collegeand Teachers College, corporations for which the Universityhas no financial or administrative responsibility). Thestatements include the accounts of Columbia UniversityP ress, a not-for–pro fit corporation over which the Universityhas substantial managerial and financial control. Thefinancial statements also reflect the University’s share ofnet assets held by Columbia Presbyterian Medical CenterFund, Inc. (CPMC), a not-for-profit corporation that exists to solicit gifts for the University and the NewYork-Presbyterian Hospital. The University is also the sole corporate member of two not-for-profit physician privatepractice entities and, as such, consolidates these entitiesinto the University’s financial statements.

Accrual BasisThe financial statements of the University have in all materialrespects been pre p a red on an accrual basis.

Basis of PresentationThe University maintains its accounts based on the princi-ples of fund accounting, which classifies re s o u rces into sepa-rate accounts to maintain the integrity of restrictions placedon the use of those funds by a donor or grantor. For re p o rt-ing purposes, the University groups funds into the follow-ing categories on its Balance Sheet. The three categories are :

Operations—Funds that constitute the resources desig-nated for current period activities.

Long-term Investments—Funds that constitute theU n i v e r s i t y ’s endowment and similar funds. These includethe corpus of permanently restricted gifts, reinvestedgains and income, and board-designated endowmentsand other assets. Long-term investments include assetsowned by certain Delaware limited liability companiesthat are wholly owned by the University.

Plant—Funds that include the University’s capitalassets, resources designated for capital acquisition, andassociated liabilities.

The University prepares its financial statements in accor-dance with accounting principles generally accepted in theUnited States of America (“GAAP”). Net assets, revenues,expenses, gains, and loses are classified into three cate-gories based on the existence or absence of donor-imposedrestrictions. The net asset categories are:

Permanently restricted—re s o u rces subject to donor- i m p o s e drestrictions requiring that the original contribution beretained inviolate and in perpetuity but permit the useof investment earnings for general or specific purposes.The primary component of these assets is true endow-ments whose appreciation is either restricted to specificuses, such as support of financial aid or a faculty chair,or else is available for general university purposes.

Temporarily restricted—resources subject to donor-imposed restrictions that will be met by actions of theUniversity or the passage of time. These net assets areprimarily comprised of gifts in the form of cash orpledges for specific purposes, such as financial aid, capitalconstruction or research activities, and the unspent netrealized and unrealized gains and net reinvested incomegenerated by permanently restricted assets subject todonor-imposed restrictions on their use.

Unrestricted—resources, including plant funds, whichare not subject to donor-imposed restrictions.

Revenues and ExpendituresRevenues are reported as increases in unrestricted netassets unless the use of those assets is limited by donor-imposed restrictions. Expenses are reported as decreases inunrestricted net assets. Gains and losses on investmentsare reported as increases or decreases in unrestricted netassets, unless their use is restricted by explicit donor stip-ulation or by law. The expiration of temporary restrictionson net assets (i.e., the stipulated time period has elapsedor the stipulated purpose has been fulfilled) is reported asa release from restrictions.

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Operating MeasurementThe University divides its Statement of Activities intooperating and nonoperating activities. The operating activ-ities of the University include all income and expensesrelated to carrying out its educational mission. Operatingrevenues include investment income and investment gainsused to fund current operations, the largest portion ofwhich is the distribution of funds budgeted in accordancewith the endowment spending rule. Nonoperating activi-ties include a charge for endowment appreciation used tofund operations and current year realized gains on invest-ments. Nonoperating activities also report new gifts toendowment, changes in net assets held by CPMC Fund,Inc., changes in perpetual trusts held by others and presentvalue adjustments to annuities payable. To the extent nonoperating revenues are needed for operations, they arereclassified to operations on the Statement of Activities.

Principal components of the change in net assets resultingfrom operations for the years ended June 30, 2003 and2002, were:

2003 2002

Change in net assets

to support operations ($14,937) $26,811


invested long term 1,283 49,905


to support plant 50,245 36,909

Change in net assets $36,591 $113,625

InvestmentsThe University’s investments consist of publicly tradedfixed income and equity securities, hedge fund investments(“Hedge Funds”), private equity investments (“PrivateEquity Funds”), real estate investments, and cash. Allinvestments are stated at fair value as of June 30, 2003and 2002.

The University re c o rds purchases and sales of securities on a trade-date basis. Realized gains and losses are determ i n e don the basis of average cost of securities sold and are re fle c t e din the Statement of Activities. Dividend income is re c o rd e don the ex-dividend date, and interest income is re c o rded on an accrual basis. The market value of the managed re a lestate investments is determined by the unaffiliated invest-ment manager or general part n e r. The University’s manage-ment may, in addition, consider other factors in assessingthe fair value of these investments.

The University, through managed accounts and investmentin Hedge Funds, may invest in both long and short securi-ties and other financial instruments, including derivativesand may utilize varying degrees of leverage.

The University is subject to market risk and credit risk via its investments. Market risk is the potential loss theUniversity may incur as a result of changes in the value ofa particular investment held by the University or thro u g hthe Hedge Funds and Private Equity Funds. For example,the University, through Hedge Funds, sells securities notyet purchased, which re p resent obligations to deliver speci-fied securities at contracted prices and thereby create a liability to re p u rchase the securities at prevailing futuremarket prices. Credit risk is the possibility that a loss mayoccur from the failure of the counterparty or an issuer tomake payments according to the terms of a contract. TheUniversity is subject to credit risk for example not onlyt h rough its investments in fixed income securities but thro u g hinvestments in Hedge Funds and Private Equity Funds.

The University also uses various financial instruments witho ff balance sheet risk either through direct investment or through investments in Hedge Funds. These includef o reign exchange contracts, futures contracts, options con-tracts, and swap contracts. They are carried in the fin a n-cial statements at fair value. Futures, options, forw a rdcontracts, and swap contracts are either traded on org a n-ized exchanges or entered into with financial institutions.

ContributionsContributions, or unconditional promises to give, arerecognized as operating revenues in the period received. If donor restrictions are met on contributions within thesame reporting period, those contributions are reflected asunrestricted revenues. All other donor-restricted contribu-tions are reported as increases in temporarily or perma-nently restricted net assets, depending on the type ofrestriction. Conditional promises to give are not recordeduntil the conditions on which they depend have been met.Contributions of securities are recognized at their fair mar-ket value. Contributions to be received after one year arediscounted at a rate commensurate with the risks involved.Amortization of the discount is recorded as additional contribution revenue to be used in accordance with donor-imposed restrictions, if any, on the contributions.

Medical Faculty Practice Plan IncomeThe University provides medical care to patients via faculty inthe Health Sciences Division, primarily under agreements witht h i rd - p a rty payers (Medicare, Medicaid, and commerc i a linsurance). Net patient service revenue is re p o rted at the esti-mated net realizable amounts from patients, third - p a rty payers,and others for services re n d e red, including estimated re t ro a c t i v eadjustments under reimbursement agreements with third - p a rt ypayers that are subject to final review and settlement. TheUniversity estimates contractual adjustments from other third -p a rty payers based on historical experience and the terms ofpayer contracts or governmental reimbursement regulations.

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Expense Allocation by ProgramExpenses are reported for the University’s primary pro-gram activities, for example, instruction, research, andeducational administration, and medical faculty practiceplans. The financial statements also report expendituresthat support more than one major program of theUniversity. These expenses, which include operation andmaintenance of plant, depreciation expense, and interestexpense, are allocated to the major programs of theUniversity as shown in the above chart.

The allocation of operation and maintenance of plant isbased on square footage occupancy. Depreciation expenseincludes depreciation of buildings and building improve-ments and equipment. The allocation of depreciation onbuildings and building improvements is based on squarefootage occupancy. Depreciation on equipment is allocatedto the programs for which the equipment was purc h a s e d .I n t e rest expense is allocated according to the samemethodologies used for building depre c i a t i o n .

Use of EstimatesThe preparation of financial statements in conformity withGAAP requires management to make estimates and

assumptions that affect the reported amounts of assets andliabilities and disclosure of contingent assets and liabilitiesat the date of the financial statements and the reportedamounts of revenues and expenses during the reportingperiod. Actual results could differ from those estimates.

2002 PresentationWhile comparative information is not re q u i red under GAAP,the University believes that this information is useful andhas included summarized financial information from thefinancial statements for 2002. This summarized inform a t i o nis not intended to be a full presentation in conformity withG A A P, which would re q u i re certain additional inform a t i o n .A c c o rd i n g l y, such information should be read in conjunctionwith the University’s audited financial statements for theyear ended June 30, 2002. In addition, certain amounts inthe summarized financial statements for fiscal year 2002have been re c l a s s i fied to conform to the fiscal year 2003p re s e n t a t i o n .

3. Cash and Cash EquivalentsCash and cash equivalents consist primarily of fundsdeposited into cash management accounts, which areavailable to the University on demand.

2 0 0 3 2 0 0 2

Expense per Final Expense per Final

Statement of Allocated Statement of Allocated

Expenses Activities Allocation Expenses Activities Allocation Expenses

Instruction, research, and

educational administration $1,243,768 $177,522 $1,421,290 $1,142,118 $162,620 $1,304,738

Medical faculty practice plans 316,019 13,323 329,342 305,412 10,327 315,739

Librar y 41,391 35,914 77,305 39,418 34,336 73,754

Operation and maintenance

of plant 100,668 (100,668) 92,674 (92,674)

University administration 93,876 18,019 111,895 86,447 22,158 108,605

Auxiliary enterprises 59,991 10,870 70,861 56,653 10,736 67,389

Depreciation expense 119,777 (119,777) 118,283 (118,283)

Interest expense 35,303 (35,303) 34,833 (34,833)

Other 27,007 100 27,107 19,278 5,613 24,891

Total expense $2,037,800 $2,037,800 $1,895,116 $1,895,116

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4. InvestmentsLong-term investments include the Investment portfolioand institutional real estate. As the main component oflong-term investments, the University’s endowment andsimilar funds include the corpus of permanently restrictedgifts as well as reinvested gains and income and board-designated endowments. At June 30, 2003 and 2002, the endowment and similar funds amounted to $4,343.2million and $4,238.2 million, respectively.

A summary of investments at June 30, 2003 and 2002,appears above:

U.S. Public Equities and Mutual Funds, and ForeignPublic Equities and Mutual FundsThe fair value of publicly traded fixed income and equitysecurities investments are based on quoted market prices andexchange rates, if applicable. Investments that are listed on anexchange are valued, in general, at the last re p o rted sale price( o r, if there is no sales price, at the last re p o rted bid price, orin the absence of re p o rted bid prices, at the mean between thelast re p o rted bid and asked prices thereof). If an investment isrestricted, the University may discount the price to re flect then a t u re of the restriction. Fees paid to investment managers arenetted against investment income.

Private Equity (Limited Partnerships) and Hedge FundsLimited partnership interests include investments in invest-ment funds and real estate. Private Equity Funds do not havereadily ascertainable market values and may be subject towithdrawal restrictions. There f o re, Private Equity Funds arestated at fair value as determined in good faith by theU n i v e r s i t y. The University understands that investments inPrivate Equity Funds are valued in accordance with valuationsp rovided by the general partners of the underlying part n e r-ships. As a rule, the general partners will initially valueinvestments held by the Private Equity Funds at cost andre q u i re that changes in value be established by meaningfult h i rd - p a rty transactions or a significant impairment in thefinancial condition or operating perf o rmance of the issuer,unless meaningful developments occur that otherwise warr a n ta change in the valuation of an investment. Such values usual-ly re p resent the University’s pro p o rtionate share of the netassets of the Private Equity Funds as re p o rted by the generalp a rtners of the underlying partnerships. The values of theinvestments in the underlying partnerships are usuallyi n c reased by additional contributions to the underlying part-nerships and the University’s share of net earnings from theunderlying partnerships and decreased by distributions fro mthe underlying partnerships and the University’s share of netlosses from the underlying p a rtnerships.

S u m m a ry of InvestmentsAt June 30, 2003 and 2002 Fair Va l u e Fair Va l u e

2 0 0 3 2 0 0 2

Assets

U.S. public equities and U.S. equity mutual funds $504,048 $ 5 7 5 , 6 9 3

F o reign public equities and foreign equity mutual funds 336,090 3 4 4 , 5 3 1

Private equity (limited part n e r s h i p s ) 932,035 8 8 9 , 3 5 8

Hedge funds (limited partnerships and corporations) 1 , 5 9 5 , 7 3 3 1 , 6 1 8 , 9 7 6

Fixed income and fixed income mutual funds 6 0 9 , 2 0 1 5 7 9 , 2 6 3

Cash and cash equivalents 1 7 2 , 4 6 9 1 5 2 , 3 0 3

O t h e r 2 , 5 8 1 1 4 , 5 5 9

Total investment port f o l i o 4 , 1 5 2 , 1 5 7 4 , 1 7 4 , 6 8 3

Institutional real estate 7 3 7 , 0 4 8 5 7 9 , 1 0 0

Total investment assets 4 , 8 8 9 , 2 0 5 4,753,783

Liabilities

Investments held for CPMC ( 7 8 , 1 4 8 ) ( 7 9 , 3 6 6 )

Total investment liabilities ( 7 8 , 1 4 8 ) ( 7 9 , 3 6 6 )

Total investments, net of related liabilities, at fair value $ 4 , 8 1 1 , 0 5 7 $ 4 , 6 7 4 , 4 1 7

Additional balance sheet inform a t i o n :

Receivable for securities sold $ 6 2 , 6 4 2 $ 2 1 , 3 5 5

Liabilities for securities purc h a s e d ( 1 0 , 0 3 9 ) ( 7 , 2 3 6 )

Liabilities for funds borrowed under re p u rchase agre e m e n t s ( 2 0 0 , 0 0 0 ) ( 2 0 0 , 0 0 0 )

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Hedge Funds are stated at fair value as determined ingood faith by the University. The University understandsthat investments in Hedge Funds are valued in accordancewith valuations provided by the general partners of theunderlying partnerships. Hedge Funds do not have readilyascertainable market values and may be subject to with-drawal restrictions. The fair value of the Hedge Fundsrepresents the amount the University expects to receive atJune 30, 2003 and 2002, if it were to liquidate its invest-ments in the Hedge Funds.

The University is obligated under certain limited partner-ship investment fund agreements to advance additionalfunding periodically up to specified levels. At June 30,2003, the University had unfunded commitments of $617million, which are likely to be called through 2007.

Cash EquivalentsCash equivalents included in the portfolio consist prima-rily of liquid short - t e rm instruments held by the invest-ment pool.

Institutional Real EstateInstitutional real estate consists of properties around theUniversity’s Morningside Heights and WashingtonHeights campuses, the primary purpose of which is tohouse faculty, staff, and students. The income earned onthis investment is used primarily to finance operatingexpenditures. Capital appreciation is retained within long-term investments, and capital depreciation is a chargeagainst such investments. The market value of institutionalreal estate is determined by independent appraisals.

Repurchase AgreementsUniversity investments include $200 million of repur-chase agreements outstanding with a weighted averageborrowing rate of 3.3 percent and a weighted averageremaining maturity of 219 days as of June 30, 2003. Allmaturities of the repurchase agreements are greater than120 days. The government securities actually pledged hadan estimated fair value of $215 million as of June 30, 2003.

Off Balance Sheet RisksAt June 30, 2003, the contract or notional amounts ofthese financial instruments, as listed below but notincluded in the Balance Sheet, are:

Notional AmountFutures Purchased Sold

Equity futures $185,064 $0

Foreign exchange contracts Open Value ($US)

Foreign exchange payables $4,629

Foreign exchange receivables 4,629

Investment Portfolio Return and Investment IncomeThe net time-weighted rate of return of the investmentportfolio, excluding separately invested endowments andsplit-interest agreements was 5.3 percent for the fiscal yearended June 30, 2003, and (2.0) percent for the year endedJune 30, 2002.

5. Endowment Spending RuleThe University regulates the annual amounts made avail-able from the endowment for support of University opera-tions through a spending rule that balances current needsagainst the preservation of the purchasing power of the merged investment pool. The amount budgeted inconformity with the University’s spending policy is acomponent of investment income and gains utilized onthe Statement of Activities.

2003 2002

Investment income

(net of fees) $22,925 $44,532

Prior endowment

appreciation utilized 167,445 136,543

Amount distributed per the

University’s spending policy $190,370 $181,075

6. Tuition and FeesTuition and fees include revenues derived from degre ep rograms as well as executive and continuing educationp rograms. Financial aid awards were in the form of dire c tgrants, loans, and employment during the academic year.The financial aid displayed is only that which covers as t u d e n t ’s tuition charg e s .

7. Accounts ReceivableAccounts receivable, net, consists of the following as ofJune 30:

2003 2002

Government agencies $78,433 $65,880

Patient receivables 175,066 161,781

NewYork-Presbyterian Hospital 48,732 39,079

Patent and licensing 17,511

Student receivables 18,409 17,082

Other receivables, gross 82,524 75,830

Subtotal 420,675 359,652

Less: Allowance for

doubtful accounts (111,121) (89,807)

Accounts receivable, net $309,554 $269,845

The University receives funding or reimbursement fromFederal Government agencies for sponsored research undergovernment grants and contracts. These grants and con-tracts provide for reimbursement of indirect costs based on

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rates negotiated with the Department of Health and HumanServices, the University’s cognizant federal agency. TheUniversity’s indirect cost reimbursements have been basedon fixed rates with carry f o rw a rd of under or over re c o v e r i e s .

Patient receivable for medical services are net of an allowancefor contractual re s e rves in the amount of $105 million and$104 million at June 30, 2003 and 2002, respectively.

The University engages in numerous re s e a rch pro j e c t s ,p a rtially or fully sponsored by governmental and privatefunds. Patents created by these projects generate re v e n u eto the University principally from licensing patents orf rom equity positions in various private companies inre t u rn for sale of patents. Revenue derived from theseactivities was approximately $141 million and $168 mil-lion in fiscal year 2003 and fiscal year 2002, re s p e c t i v e l y.Costs incurred in the development of patents and licensesa re charged to operating expense as incurred.

8. Student Loans ReceivableStudent loans receivable include donor-restricted and fed-e r a l l y - s p o n s o red student loans with mandated interest ratesand repayment terms subject to significant restrictions asto their transfer and disposition. Interest accrues at fix e drates upon loan initiation. Amounts received from the FederalG o v e rnment to fund a portion of the Perkins studentloans are ultimately refundable to the Federal Govern m e n tand have been re p o rted as refundable advances. Studentloans receivable are as follows:

2003 2002

Perkins Loan Program $47,449 $49,455

Other student loans 25,353 27,993

Subtotal 72,802 77,448

Less: Allowance for

doubtful accounts (4,402) (4,654)

Student loans receivable, net $68,400 $72,794

9. Contributions ReceivableUnconditional promises to give appear as pledges receiv-able and revenues of the appropriate net asset category.Pledges are recorded after recognizing an allowance foruncollectible contributions and a discount to reflect thenet present value based on projected cash flows.

The June 30 balances of unconditional promises to give are :

2003 2002

Less than one year $76,084 $81,434

One to five years 118,246 105,014

More than five years 42,884 58,174

Total unconditional promises 237,214 244,622

Less:Allowance for uncollectible

c o n t r i b u t i o n s (26,275) (24,056)

Less:Net present-value

discount (30,600) (40,224)

Net pledges receivable $180,339 $180,342

New pledges recorded in fiscal years 2003 and 2002 werediscounted at average annual rates of 1.8 percent and 3.3percent, respectively.

Pledges receivable at June 30, 2003 and 2002, are intendedfor the following purposes:

2003 2002

Endowment for educational

and general purposes $81,113 $73,431

New construction and

modernization of plant 52,870 53,214

Support of cur rent operations 46,356 53,697

Net pledges receivable $180,339 $180,342

10. Land, Buildings, and EquipmentInvestments in land, buildings, and equipment, net, consisted of the following at June 30:

2 0 0 3 2 0 0 2

Total Accumulated Net Total Accumulated NetAssets Depreciation Assets Assets Depreciation Assets

Land $13,076 $13,076 $13,076 $13,076

Building and building improvements 2,096,367 $765,229 1,331,138 1,900,871 $689,757 1,211,114

Equipment 341,051 214,919 126,132 297,897 170,613 127,284

Total $2,450,494 $980,148 $1,470,346 $2,211,844 $860,370 $1,351,474

10

The University uses componentized depreciation to calcu-late depreciation expense for buildings and buildingimprovements. Under the componentized depreciationmethod, building costs are segregated into componentcategories with useful lives ranging from ten to forty yearsand depreciated on a straight-line basis. Upon disposal ofassets, the costs and accumulated depreciation are removedfrom the accounts and the resulting gain or loss is includ-ed in operations.

The University calculates depreciation expense for equip-ment on an individual item basis, using the straight-linemethod over useful lives ranging from five to ten years,consistent with the method used for government costreimbursement purposes.

11. Interest in Perpetual Trusts and Split-I n t e rest Agre e m e n t sInterest in Perpetual T rustsThe University is the beneficiary of certain perpetualtrusts and charitable remainder trust held and adminis-tered by others. The estimated fair value of trust assets is recognized as assets and as gift revenue when the trustsare established or when reported to the University.

Split-Interest AgreementsThe University’s split-interest agreements with donorsconsist primarily of charitable gift annuities, pooled incomefunds, and irrevocable charitable remainder trusts for whichthe University serves as custodian and trustee. Assets areinvested and payments are made to donors and/or otherbeneficiaries in accordance with the respective agreements.

Contribution revenues for charitable gift annuities andcharitable remainder trusts are recognized at the dates theagreements are established. In addition, the present valueof the estimated future payments to be made to the bene-ficiaries under these agreements are recorded as liabilities.Changes in the difference between the present value liabil-ities adjustment and the fair value of the underlying assetsare recorded as a nonoperating activity.

For pooled income funds, contribution revenue is recog-nized upon establishment of the agreement at the fairvalue of the estimated future receipts, discounted for theestimated time period until culmination of the agreement.

12. Self-Insurance LiabilitiesIn connection with managing financial risks through vari-ous third-party insurance programs, the University is self-

insured for certain areas. Funded self-insurance liabilitiesprimarily cover deductibles on general liability and prop-erty insurance claims. Self-insurance liabilities are actuari-ally calculated on an annual basis. The University hasrecorded self-insurance liabilities reserves of approximately$28 million and $24 million as of June 30, 2003 and2002, respectively.

13. Postemployment Benefits andCompensated AbsencesPostemployment benefits are those benefits provided toformer or inactive employees after employment but beforeretirement. The University records the costs of such bene-fits on an accrual basis if the employee has provided theservices from which those benefits are derived. In fiscal2003 and 2002, the University recognized actuariallycomputed liabilities of $17.9 million and $16.6 million,respectively, relating to the following benefits: workers’compensation, short-term disability, and continuation ofmedical benefits for those on long-term disability.

The University has recorded an estimated liability foraccrued vacation of $18.2 million at June 30, 2003, and$17.3 million at June 30, 2002.

14. Pension Plans and Other Postre t i re m e n tB e n e fit sPension PlansRetirement benefits are provided for full-time faculty andofficers under a noncontributory defined contributionplan. Contributions are determined as a percentage of eachcovered employee’s salary, factoring in the age and accruedservice of each employee. Charges to expenditures underthis plan amounted to $52.7 million and $47.2 millionfor the years ended June 30, 2003 and 2002, respectively.

The University has four noncontributory pension plans forsupporting staff employees. Two of these plans are definedbenefit plans for both past and future service. The othertwo plans provide defined benefits for service prior toJanuary 1, 1976, in one case, and prior to July 1, 1976, inthe other, and defined contributions for service thereafter.

All four of these plans are subject to collective bargainingagreements. Charges to expenditures under the four sup-porting staff pension plans amounted to $3.0 million and$3.2 million for the years ended June 30, 2003 and 2002,respectively. The components of pension expense for thesedefined benefit and contribution plans for the years endedJune 30, 2003 and 2002, are as follows:

11

2003 2002

Service cost—benefit earned

during the period $1,893 $1,662

Interest cost on projected

benefit obligation 4,360 4,141

Expected return on assets (6,203) (5,932)

Net amortization:

Prior service cost 45 45

Net actuarial cost (126)

Transition amount (237) (337)

Defined contribution 3,136 3,774

Total pension expense $2,994 $3,227

The reconciliations of the projected benefit obligation ofthe defined benefit plans at June 30, 2003 and 2002, areas follows:

2003 2002

Benefit obligation,

beginning of year $61,430 $57,917

Service cost 1,894 1,662

Interest cost 4,360 4,141

Assumption changes and

actuarial loss/(gain) 9,821 1,324

Net disbursements

and transfers (3,616) (3,614)

Benefit obligation, end of year $73,889 $61,430

In connection with the benefit obligation calculated above,two out of the four plans are required to record $8.7 mil-lion additional minimum pension liabilities as of June 30,2003. The minimum liabilities resulted from the fair valueof the invested assets being less than the accumulated ben-efit obligation. The University has recognized this cost as anonoperating expense.

The reconciliations of the fair value of the defined benefitplans’ assets at June 30, 2003 and 2002, are as follows:

2003 2002

Fair value of assets,


Actual return on plan assets 2,005 (5,320)

Employer contributions 330 3,901

Net disbursements

and transfers (3,616) (3,614)


end of year $63,677 $64,958

Actuarial assumptions 2003 2002

Liability discount rate 6.0% 7.0%

Investments return

compounded annually 8.0% 8.0%

Salary increase rate,

where applicable 5.5% 5.5%

P o s t re t i r ement Health Care and Life Insurance Benefi t sThe University provides postretirement health care and lifeinsurance benefits for certain employees. The Universityaccrues the estimated cost of these benefits over the yearsthat the employees render service.

The components of postretirement benefits other than pen-sions for the years ended June 30, 2003 and 2002, are asfollows:

2003 2002

Service cost $4,003 $3,672

Interest cost on

projected benefit obligation 8,762 8,828

Expected return on assets (3,687) (3,613)

Amortization of

transition obligation 2,057 2,057

Amortization of prior service cost 747 642

Amortization of

unrecognized net losses 1,942 1,896

Total postretirement

benefit expense $13,824 $13,482

The University funds current charges as incurred and isfunding the unrecorded postretirement benefit obligationunder the plans over a twenty-year period, which began in1994. The reconciliations of the funded status of the plansat June 30, 2003 and 2002, are as follows:

2003 2002

Accumulated postretirement

benefit obligation $146,826 $131,133

Fair value of assets (55,019) (46,083)

Plan assets in deficit of projected

benefit obligation 91,807 85,050

Unrecognized net

transition asset (20,569) (22,626)

Unrecognized prior service cost (4,765) (4,376)

Unrecognized net gain (59,168) (50,841)

Accrued costs $7,305 $7,207

The reconciliations of the accumulated postretirement benefit obligation (APBO) at June 30, 2003 and 2002, areas follows:

2003 2002

APBO, beginning of year $131,133 $111,096

Service cost 4,003 3,672

Interest cost 8,762 8,828

Plan amendment 1,136

Assumption changes and

actuarial loss 8,311 13,812

Net disbursements (6,519) (6,275)

APBO, end of year $146,826 $131,133

12

The reconciliations of the fair value of plan assets at June30, 2003 and 2002, are as follows:

2003 2002



Actual return on assets 1,729 (3,953)

Employer contributions 7,207 4,871


end of year $55,019 $46,083

The accumulated postretirement benefit obligation wasdetermined using a discount rate of 6.0 percent at June30, 2003, and 7.0 percent at June 30, 2002. As of June30, 2003, the health care cost trend rate was assumed tobe 9.0 percent for fiscal year 2004. The health care costtrend rate assumption has a significant effect on theamounts reported. Increasing the assumed health care costtrend rate by one percent in each year would increase theAPBO as of June 30, 2003, by $13.4 million and increasethe aggregate of the service cost and interest cost compo-nents of the net postretirement benefit costs for 2003 by$1.4 million. Decreasing the assumed health care costtrend rate by one percent in each year would decrease theAPBO as of June 30, 2003, by $11.1 million and decreasethe aggregate of service cost and interest cost for fiscalyear 2003 by $1.2 million.

15. Bonds and Notes Payable

Bonds and notes payable outstanding at June 30 includedthe following:

2003 2002

Dormitory Authority of the

State of New York, Revenue Bonds,

Columbia University Issues:

Series 2003A, 3.00% to 5.125%,

maturing 2024 $87,775

Series 2003B, variable rate, 1.05%,

maturing 2028 30,000

Series 2002B, 3.50% to 5.375%,

maturing 2024 94,375 $96,700

Series 2002C, variable rate,

0.95% to 1.00%, maturing 2027 23,300 23,300

Series 2002A, 2.00% to 5.25%,

maturing 2014 34,105 34,245

Series 2000A, 4.00% to 5.25%,

maturing 2025 113,915 116,755

Series 1998, 4.25% to 5.50%,

maturing 2022 69,450 71,590

Series 1994A, 4.00% to 5.75%,

maturing 2014 117,395 125,510

Series 1992, 5.00% to 5.75%,

maturing 2007 15,010 20,445

2003 2002

Dormitory Authority of the State of

New York, Tax-exempt Commercial Paper

Series 1997, variable rate, 1.00% to

1.55%, final maturity 2015 54,020 55,780

New Jersey Economic Development

Corporation

Series 2002, variable rate, 0.95%,

final maturity 2028 10,430

United States Department of Education

Housing Program Issues:

1991, 5.50%, maturing 2021 1,997 2,060*

1990, 3.00%, maturing 2020 2,458 2,568*

Medium-Term Notes, Taxable Series B

8.65%, maturing 2003 10,000

Medium-Term Notes, Taxable Series C

6.10% to 7.36%, maturing 2021 183,800 189,300

Empire State Development

Corporation Issues:

Interest-free, maturing 2029 9,163 9,259


Economic Development Corporation


Taxable commercial paper, variable rate,

1.28% to 1.85%, due 2003 67,050 67,050

Dormitory Authority of the State of

New York, College and University

Education Loan Revenue Bonds

Series 1993, 4.60% to 5.65%,

maturing 2013 9,692 11,029

Series 1992, 6.60% to 6.80%,

maturing 2013 7,442 8,421

Total $942,648 $854,546

*Principal fully collateralized by investments.

Principal payments over the next five years are as follows:2004, $27.9 million; 2005, $32.6 million; 2006, $32.0million; 2007, $32.9 million; 2008, $33.7 million.Aggregate principal payments thereafter (through 2029)are $783.5 million.

The University may offer from time to time up to $400.0million aggregate principal amount of Medium-TermNotes. As of June 30, 2003, $183.8 million was outstand-ing. The University also has a $100.0 million taxablecommercial paper program. As of June 30, 2003, $67.1million was outstanding.

13

The University issues most of its tax-exempt debt throughthe Dormitory Authority of the State of New York(“DASNY”). Recent bond sale proceeds, including the$87.8 million Series 2003A, $30.0 million Series 2003Bbonds, $96.7 million Series 2002B bonds, and $23.3 million Series 2002C bonds, were used to finance variousconstruction and renovation projects. The Series 2002Abonds were issued to current refund DASNY’s ColumbiaUniversity Revenue Bonds, Series 1992 term bonds,maturing on and after July 1, 2008.

The University has certain financial and administrativecovenants with which it is in compliance as of June 30,2003.

16. Fair Value of Financial Instru m e n t sThe University is required to disclose the estimated fairvalues of financial instruments. Financial instruments aredefined as cash, an equity investment in an enterprise or a contract that conveys to one counterparty the right toreceive cash (or the equivalent in another financial instru-ment), while binding the other counterparty to delivercash or another financial instrument of equivalent value.Fair value is defined as the price at which a financialinstrument could be liquidated in an orderly manner overa reasonable time period under present market conditions.

The fair values of financial instruments have been deter-mined based on quoted market prices for identical or simi-lar instruments and discounted cash flow analyses.

The following methods and assumptions were used to esti-mate the fair value of each class of financial instruments forwhich it is practicable to estimate that value:

Cash and Cash EquivalentsThe carrying amount approximates fair value because ofthe short maturity of those instruments.

Investment Assets, Net of Related LiabilitiesThe University accounts for its investments on a marketvalue basis with the exception of mortgage loans, whichare valued at amortized principal. The carrying value ofthese investments approximates fair value.

Bonds and Notes PayableAt June 30, 2003, the University’s bonds and notespayable had a carrying amount of approximately $942.6million, compared to an estimated fair value of $1,044.3million. The estimated fair value of bonds and notes payablewas calculated using a discounted cash flow method, wherethe estimated cash flows were based on contractual principal

and interest payments. The discount rates used were basedon the University’s borrowing rate for similar obligations.Fair values represent the lower of the estimated value atcall or maturity of each respective issue.

Student Loans ReceivableThese loans are primarily federally sponsored with UnitedStates Government–mandated interest rates and repaymentterms subject to significant restrictions as to their transferand disposition. The carrying value of these loans approxi-mates fair value.

17. Related Party Tr a n s a c t i o n sThe University maintains several clinical and educationaffiliation agreements with other organizations. Revenuesand expenses from these agreements are accounted for in the operations segment of the Statement of Activities.The most significant affiliation agreement is with theNewYork-Presbyterian Hospital (“NYPH”).

The University has an alliance dating back to 1921 withPresbyterian Hospital, which merged with New YorkHospital effective January 1, 1998, and formed the newcorporate entity called NewYork-Presbyterian Hospital.The University provides medical, professional, and super-visory staff, and various other technical assistance and isreimbursed by NYPH. NYPH provides funding to theclinical departments for several specific purposes, includ-ing administration, supervision, and teaching of theNYPH resident staff and salary support for faculty andstaff providing services to NYPH. In addition, NYPHprovides partial funding for clinical programs that theUniversity and NYPH would like to see developed orexpanded. NYPH also provides the departments with certain facilities and services (outpatient faculty practiceoffices, nursing, telecommunications, etc.) for which theUniversity is invoiced on a monthly basis. Finally, theUniversity and NYPH collaborate and fund joint projectsfor which specific agreements are negotiated.

The University and NYPH negotiated a joint budget,which forms the basis for the reimbursement agreement.The final fiscal year 2003 joint budget was approximately$82 million. The payments to NYPH for goods and serv-ices were $75 million. The revenues received pursuant to this reimbursement arrangement for services renderedare reflected in the financial statements as a portion ofreceipts from other educational and research activities, and medical faculty practice plan income. NYPH providesthe University with the use of certain facilities and certainservices and is reimbursed for its costs by the University.

14

The University records both receivables from and payablesto NewYork-Presbyterian Hospital on the Balance Sheet.

The University has no liability for obligations and debtincurred by NewYork-Presbyterian Hospital.

In addition, the University has financial arrangementswith several for-profit physician professional corporations(“PCs”) whereby the University provides facilities andother services to these PCs for a negotiated fee. These PCsprovide clinical services to patients and are owned andcontrolled by physicians who are also faculty members of the University. These noncontrolled PCs generated revenue of approximately $37 million during fiscal year2003, which has not been consolidated into the University’sfinancial statements, since the University does not haveany ownership in these PCs or control of their operations.The University is also the sole corporate member of twonot-for-profit physician private practice entities and, as such, consolidates these entities into the University’sfinancial statements.

18. Contingencies and CommitmentsFrom time to time, various claims and suits generallyincident to the conduct of normal business are pending or may arise against the University.

In the opinion of counsel and management of theUniversity, after taking into account insurance coverage,losses, if any, from the resolution of pending litigationshould not have a material effect on the University’sfinancial position or results of operations.

All funds expended in connection with government grantsand contracts are subject to audit by government agencies.While the ultimate liability, if any, from audits of govern-ment grants and contracts by government agencies, claims,and suits is presently not determinable, it should not, inthe opinion of counsel and management, have a materialeffect on the University’s financial position or results ofoperations.

15

The Trustees of Columbia University in the City of New York Summary of the Supplemental Schedule of Expenditures of Federal Awards For the year ended June 30, 2003

The accompanying notes are an integral part of the Schedule.

16

DHHS NSF Defense NASA Commerce Energy Education Other

93 47 112 43 11 81 84 Agencies Total

Research and developmentExpended under direct awards 244,035$ 55,870$ 12,107$ 11,881$ 9,885$ 9,545$ 85$ 2,825$ 346,233$ Expended under subawards from

nonfederal government andprivate sources 22,635 7,972 2,643 1,742 2,850 857 932 39,631

Total research and development 266,670 63,842 14,750 13,623 12,735 10,402 85 3,757 385,864

Student financial assistanceExpended under direct awards 815 11,086 11,901

Total student financial assistance 815 11,086 11,901

Other programsExpended under direct awards 46,338 2,438 480 141 (171) 1,152 4,395 4,391 59,164Expended under subawards from

nonfederal government andprivate sources 5,812 482 63 1 66 184 197 6,805

Total other programs 52,150 2,920 480 204 (170) 1,218 4,579 4,588 65,969

Total federal award expenditures 319,635$ 66,762$ 15,230$ 13,827$ 12,565$ 11,620$ 15,750$ 8,345$ 463,734$

The Trustees of Columbia University in the City of New YorkSupplemental Schedule of Expenditures of Federal AwardsFor the year ended June 30, 2003

Federal Grantor/Pass-through Grantor/Project Number Contract Number CFDA No Expenditures

RESEARCH & DEVELOPMENT CLUSTER

Department of Health & Human ServicesDirect Awards

National Institutes of Health 93 227,035,714$ Health Care Finiancing Admin 93 6,147,480 Center for Disease Control 93 7,255,959 Health Resources & Services Admin 93 (15,100) Agency for Health Care Rsch & Quality 93 2,798,463 Admin for Children & Families 93 551,518 Substance Abuse & Mental Health Admin 93 118,021 Food & Drug Admin 93 143,160

Total Direct Awards 244,035,215

Pass-through AwardsNational Institutes of HealthAARON ADARC 3531 2 U01 AI41534-05 93.856 200,441 ACR #4239 CA80098 93.393 90,679 ADARC-330100 1 P30 AI42848-02 93.856 (2,171) AHF CU510383 93 (4,780) AMNH 12-2002 GM62351 93.862 141,127 ANNOVISCU514348 5 R01 CA86163-02 93.393 71,707 BU MC-429125-D-J 5 R01 HD39611-03 93.865 182,379 BU MC-429125-D-J 5 R01 HD39611-02 93.865 (834) BWH 711483 5 U01 HL65899-03 93.838 61,700 CEE CU022970 1 R43 AR48738-01 93.846 33,104 CEUMS 1 N01-HD-1-3314 93.864 49,095 CHILDRENS 20571 NICHD 5 R01 HD41149-02 93.865 42,955 CHILDRENS 20571 NICHD 1 R01 HD41149-01 93.865 34,192 CMH #99-0615-CU 3 P01 NS36519-05S1 93.853 132,413 CMH#99-061T-CU 3 P01 NS36519-05S1 93.853 100,588 CMHC CU022031 5 R01 MH64872A 93 66,177 CONCGP 10133 U01 CA97452 93.393 37,376 CPCR2.22.07 5 U01 AI46362-02 93.856 7,442 CSU G-7823-2 5 R01 GM58171-02 93.821 8,591 CTRC SELECT-0200 5 U10 CA37429-04 93.399 11,486 CWRU 5 U01 CA-70081-07 93.395 (171,587) CWRU 5 U01 CA-70081-08 93.395 61,220 CWRU CU512276 1 P50 HL60293-01 93.838 (106,723) CWRU CU512276 5 P50 HL60293-05 93.838 325,966 DFCI CU511168 5 R01 AI40895-07 93.856 45,537 DFCI CU511168 2 R01 AI40895-06 93.855 101,991 DFCI CU515558 1 P01 CA92625-01 93.395 (2,708) DFCI CU515558 5 P01 CA92625-02 93.395 359,279 DREXEL CU511742 2 P01 GM56550-06 93.821 20,850 EDC CU51224505 5 R01 HD35378-05 93.864 22 EMORYU CU518337 7 R01 HD42972-02 93.864 14,997 FHCRC 2002-4870- 5 R01 DC04209-04 93.173 32,528 FHCRS 2002-4902- 5 U01 AI48013-03 93.856 472,029 FHI 630-5 5 U01 AI46749-03 93.855 13,279 FHI-735-3 5 U01 AI46749-04 93.856 45,831 HARVARDCU515973 1 R01 CA93435-01 93.399 18,103 HFHS CU51631601 3 R01 ES11126-03S1 93.113 35,709 JH 22743 1 U01 AI51171 93.856 208,412

The accompanying notes are an integral part of the Schedule.17



JH CU514929 1 R01 HL66075-01A1 93.837 (14) JHPKN N01-CN-85185-MAO 93.393 240,651 JHU CU51864801 1 R01 HL67905-01 93.838 17,418 LHH CU508959 5 U01 DK48698-09 93.849 77,090 LIU CU513598 1 S06 GM54650-01 93.866 17,416 LLT 1.506-C 2 R44 HL62780-02 93.837 8,315 LWCLM 1036-017 1 NO1-AA-03019 93.RD 229,292 MASSG 5 R01 AT00613-03 93.213 4,404 MCG MCGSTOPII 0 5 U01 HL52193-08 93.839 66,045 MCG MCGSTOPII 0 2 U01 HL 52193-06A1 93.839 609 MGH CU516279 5 P50 NS16367-22 93.854 8,216 MGH CU516279 5 P50 NS16367-23 93.854 130,027 MMC CU517250 1 RO1 NS043209-01A1 93.853 19,388 MMC CU517843 7 R01 DA09656-04 93.279 41,230 MMC CU517844 7 R01 DA09656-04 93.279 16,122 MSG CU517997 2 R44 HL059813-02A2 93.838 89,400 MSSM P.O.#7749 P42 ES07384-07 93 8,409 MSSM P.O.#7749 P42 ES07384-07S 93 112,473 MSSM 0254-6401-4 1 R01 *NIEHS 93.113 15,500 MSSM 02549824460 5 P01 ES09584-04 93 35,695 MSSM 0254-9825-4 5 P01 ES09584-05 93 31,217 MSSM 0255-4042-4 5 R01 AG013784-08 93.866 6,541 MSSM 0255-5301-4 5 R01 AI41706-03 93.855 (17,454) MSSM 0255-5301-4 5 R01 AI41706-05 93.855 103,182 MSSM 0255-7911-4 7 R01 NS30896-10 93.853 34,127 MSSM 0255-8391-4 1 R01 NS45304-01 93.853 28 MSSM CU508959 5 U01 DK48698-08 93.849 15,823 MSSM CU512606 7 P01 HL47540-08 93.837 25,761 MSSM NO.0255-624 5 R01 CA81050-03 93.396 52,056 MSSM SM9131971 ES09584-04 93.113 18,880 NATAL CU518712 1 U19 AI51794 93.856 152,665 NDRI CU51563302 2 R01 DA09920-08 93.279 13,536 NEMCH CU5160650 5 R01 MH64409-02 93.242 (682) NSLIGHS 11027 2 R01 NS35069 93.854 33,801 NSUH 11027 NS35069 93.854 110,899 NSUH 11261A 5 R01 NS37564-05 93.854 100,364 NWU #0600 520 S3 5 U01 MH61915-02 93.242 171,550 NYAMED CU514515 5 R01 DA12809-03 93.279 152,166 NYAMED CU514515 1 R01 DA12809-01 93.279 4,917 NYAMED CU514515 5 R01 DA12809-02 93.279 91,054 NYSIBR CU51338 5 R01 HD37425-05 93.865 61,332 NYSIBR CU516479 5 R01 AG16361-02 93.866 74,403 NYU CU510033 5 R01 HD34336-02 93.865 (5,569) NYUMC #02-2430 5 P30ES00260 93 44,032 NYUMC CU510511 1R01DA10645-01A1 93 (25,244) ODI CU021960 2 R44 HL61057-02A1 93.837 34,035 OHSURF CU514308 3 U01 CA86322-03 93.398 5,968 OHSURF CU514308 1 U01 CA86322-01 93.398 3,663 OHSURF CU514308 5 U01 CA86322-02 93.398 42,104 ORHSUN 8409442C 5 P42 ES10338-02 93.113 39,995 PROGENCU517666 1 R43 NS41144-01 93.854 25,001 PROSPECT CU5146 5 N01-HO-99230 93.838 119,121 PSU CU517548 5 P01 HD30704-08 93.865 209,498 PSU CU517548 5 P01 HD30704-08 93.865 35,333 PU 400-6184- R01HD39135 93 38,045 PU 126-6982 P01 CA87661 93.396 22,388 PU CU517377 R01 DK58727 93.848 5,911 RFCUNY #41459-00 1 R01 HL67383-01A1 93.837 20,000 RFCUNY 41229-00- 5 S11 NS57519-03 93.854 (8,138) CCUNY 41410-00- 5 R01 LM06274-05 93.879 233,022




RFMH #903-1516 5 R01 MH61173-04 93.242 21,476 RFMH 903-1545B 5 U01 DA13035-02 93.279 72,206 RFMH 903-1545C 5 U10 DA13035-03 93.279 72,106 RFMH CU51653802 5 R01 AG15386-06 93.866 44,154 RFU 5 R01 HL70524-02 93.837 109,986 RFU CU006761 1 R01 DC005181-01A1 93.173 127,592 RFU CU508479 5 P01 NS30532-10 93.854 105 RFU CU508479 5 P01 NS30532-10 93.854 99,251 RFU CU508480 5 P01 NS30532-10 93.853 129,321 RFU CU508867 5 P01 NS30532-10 93.853 171,182 RFU CU509839 5 P01 HL54591-06 93.838 445 RFU CU509839 5 P01 HL54591-07 93.838 85,681 RFU CU509839 5 P01 HL54591-08 93.838 1,008,372 RFU CU517502 1 P50 GM62529-02 93.821 9,093 ROCHSTR 411665-0 5 P01 AG16223-05 93.839 203,321 ROCHSTR 412225-G 1 R01 HL072705-01 93.837 34,060 ROCHSTR PO412196 1 R01 HG02449-01 93.835 424 RRI 211-H12-10 5 R01 CA84588-02 93.398 60,126 RRI F85-03 1 R01 CA84588-01 93.398 13,234 RU5GER 1173 5 P50 GM62413-02 93.821 935 RUTGER 1173 1 P50 GM62413-01 93.821 (17,202) RUTGER 1311 5 P50 GM62413-02 93.821 720,606 RUTGER 1471 5 P50 GM62413-03 93.821 1,646,684 RUTGERS P.O.#S55 NIGMS 1R01-GM67794-02 93.821 36,651 GEORGETOWN U RX4265-032 7 R01 NS38455-03 93.854 24,971 SAMRC CU514678 1 U01 AI48013-01 93.856 38,921 SCEHSC H236429 2 P30 ES007048-06 93.894 65,829 SCLSC AACTG.42. NIAID U01AI38858 93.856 7,296 SGX CU517502 1 P50 GM62529-03 93.821 340,337 SHRI #292-13 5 R01 AR39191-13 93.846 (1,681) SHRI #292-14 5 R01 AR39191-14 93.846 39,157 SHRI #292-15 5 R01 AR39191-14 93.846 116,372 SHRI 15-3519-20 3 R01 NS37562-04S1 93.853 39,145 SKERI P.O. #103 5 R01 EY12691-03 93.821 11,514 SKI CU019408 5 U01 CA84292-03 93 74,523 SKI CU511793 5 P01 CA72699-03 93.396 38,939 SKI CU517418 1 U01 HD43478-01 93.929 310,434 SLRHC CU021114 1R21 CA89841-01A1 93.394 48,763 SLRHC CU512169 1 P01 NS3149201 93.853 317 SLRHC CU514737 5 R01 DK26687 93.847 (66,429) SLRHC CU514737 5 R01 DK26687-21 93.847 292,067 SLRHC CU5164850 DK FEASIBILITY FUNDS 93.848 13,678 SLRIHS #2-2-488- NIDDK-P01 DK42618-11 93.847 4,496 SLRIHS CU512169 5 P01 NS31492-10 93.853 70,102 SLRIHS CU516507 PO1 DK42618-12 93.847 26,037 SLRIHS CU517384 1 R01 DK63666-01 93 23,322 SLRIHS CU517513 1 R01 DK63666-01 93.848 18,420 SLRIHS CU517823 1 R01 HL70298-01S1 93.837 6,204 SRFMH CU512258 2 R01 AG14673-04 93.866 139,177 SRFMH 1002830-5- 5 P50 MH43520-14 93.242 42,566 SRFMH 1002959/1/ 1 R01 NR08292-01 93.361 20,391 SRFMH 1003069/1/ 1 R21 DA14091-01A2 93.279 3,944 SRFMH 903-1487A 5 R01 AG15386-04 93.866 178 SRFMH 903-1546C 5 R01 MH60387-02 93.242 34,964 SRFMH 903-1555A 5 R01 ES11596-02 93.114 79,699 SRFMH CU51286 5 R01 P30 MH9342-03 93.242 1,480 SRFMH CU5130810 5 R01 HD37343-04 93.864 12,030 SRFMH CU513908 5 R01 AG16381-03 93.866 101,828 SRFMH CU514754 5 R01 DA12644-03 93.279 181,744 SRFMH CU514817 1 R01 DA13490-01 93.279 (16)




SRFMH CU517024- 5 R01 MH59716-02 93.242 21,820 SSS PACTG.25.202 U01 AI41089 93.856 44,070 STRNG SCPC APN- N01-CN-25110 93 148,712 STRNG IQ4-99-02- 1 N01-CN-95015-MAO 93.395 11,135 SUNYRF 412-2185M 2 R01 HL20864-17A2 93.837 16,888 TC CU512420 1 R01 MH56557-01A2 93.242 51,384 TC OSP# 512121 5 R01 CA81932-03 93.395 20,630 TC OSP# 512121 5 R01 CA81932-04 93.395 8,782 TJU #080-1802-R4 5 R01 HL58884-04 93.837 (970) UAA U01 HD39939-01A1 93.865 65,740 UAB N01-CN-15109 93.398 309,830 UAB CU515390-01 1 R01 HD40777-01A2 93.865 32,753 UALASKA#01-0019/ 5 U54 NS41069-01 93.854 272,227 UALB01A2 1 R01 *NIDR 93.121 40,529 UB MC-395039-D-J 7 R01 AI39144-06 93.856 126,168 UCB SA2672-29031 1 R01 CA86823-01 93.393 75,556 UCCM 1 R01 NS 39512-01-A2 93.853 82,942 UCD 00RA7102-CU- 7 U01 CA86322-03 93.399 142,616 UCD 00RA7102-CU 7 U01 CA86322-04 93.399 34,890 UCD CU518824 3 R01 HL65938 93.837 64,332 UCD CU-9927975 5 R01 DK56839-02 93.848 5,100 UCHICA 25327 7 R01 DK58727-03 93.848 30,608 UCHICG NDB01 1 N01-AI-95380 93.855 86,762 UCLA 007904-07-0 5 R01 AI37194-07 93.856 128 UCLA 2000-G-CU21 1 R01 MH64547-01 93.242 201,577 UCLA 84033 5 R01 AI37194-08 93.856 152,405 UCOL 2-5-60149 1 R01 AI55466-01 93.849 22,042 UCOL CU5086280 2 R01 NS32368-07 93.854 48,509 UCOL CU5086280 2 R01 NS32368-08 93.854 38,211 UCONN #PS 73010 5 R01RR14717-02 93.371 22,298 UCSD P0102028 2 U01 AG10483-12 93.866 86,967 UCSD P0102028 2 U01 AG10483-11 93.866 4,017 UCSD P10205852-0 5 U01 AG10483-12 93.866 112,776 UCSD P10205853-0 5 U01 AG10483-12 93.866 13,834 UCSD PO#10125695 5 U01 AG10483-10 93.866 (124) UCSF 1 N01-AI-95380-02 93.847 85,939 UCSF 2200SC 5 U19 CA80888-02 93.398 330,218 UCSF 2362SC 5 P01 DA10154-07 93.279 18,299 UCSF 2362SC 5 P01 DA10154-08 93.279 201,702 UCSF 2841SC NINCDS R01 NS 39280 93.853 1,724 UFLRDA UF00031 R01 DK49108 93.849 2,819 UKRF4-64771-02 1 R01 MH63341-04 93.242 6,276 UMARY CU512079 1 P01 CA78817-02 93.393 (141) UMICHG F002266 1 R01 NS38713-03 93.854 13,303 UMICHG F004906 5 R01 DA13683-02 93.279 85,053 UMINN 1R01DE14338-01A1 93.121 134,402 UOFNC #5-33718 5 R01 HL64142-02 93.837 26,492 UOFNC 5-31678 5 U01 CA66572-06 93.393 205,032 UOFNC CH #5-3140 5 R01 GM74845-12 93.821 107,455 UPENN 53616306 2 P01 GM56550-06 93.821 75,500 UPENN 536163A 5 P01 GM56550-05 93.821 59,260 UPENN CU515925 5 R21 NS42334-02 93.853 58,075 UPENN NO. 5-3499 NIH RFP NO.NLM 99-103/D 93.879 270,940 UPITT CU515292 5 R01 HD42444-02 93.865 172,363 UPITT CU515292 1 R01 HD42444-01 93.865 80,864 UTEX 5 U01 EY12471-03 93.867 64,905 UTEXAS CU515228 1 N01-AR-0-2249 93.846 47,488 UTEXHOUS CU5159 5 R01 NS35979-06 93.854 88,939 UTEXHOUS CU5159 5 R01 NS35979-05 93.854 (3,268)




UTHSCSA 2U01NS038529-04A1 93.853 4,966 UTHSCSA 116272/1 1 R01 AI50850-01 93.855 4,965 UTSWM CU514107 1 N01 MH90003-01 93.242 387,515 UWASH 398108 5 U01 AG16976-03 93.866 2 UWASH 561168 5 U01 AG16976-04 93.866 32,001 UWASH 97-70 1 R01 NS32228-07 93.853 1,522 UWASH WU-01-115 NINCDS 1U01NS42167-01 93.853 7,720 UWASH WU-01-115 NINCDS 1U01NS42167-02 93.853 30,234 UWIS #P057013 1 R01 HL69979-01 93.837 36,049 UWIS J190385 1 P01 NS42803-01 93.853 242,245 UWIS L308755 144 5 R01 AR45753-02 93.846 18,963 VU NO.16606-S 7 R01 MH63341 93.242 22,785 WAYNE P.O. Y-159 N01-ES-7518 93.143 65,701 WESTAT CU507920 N01-HD-3-3162 93.865 489,747 YU CU006681 5 R01 DC03887-04 93.173 217,033 YU CU020892 3 R01 DC03887-02S1 93.173 28,805 YU CU510192 2 R01 NS32375-05 93.853 (13,809) YU CU511471 1 R01 AI41608-03 93.856 28,445 YU CU511471 2 R01 AI41608-06 93.856 125,162 YU CU514922 5 P50 AA12870-02 93.891 251,361 YU CU514922 1 P50 AA12870-01 93.891 38,602 YU#PODKP1023467 5 R01 NS32375-08 93.853 125,777

Total Pass-through National Institute of Health 19,436,521

Center for Disease ControlPass-through Awards

AAMC 1048963 1 U36 /CCU319276-01 93.283 67,316 AAP CU51789601 1 U50 CCU522351 93.185 14,306 ASI CPCR2.22.07 CDC 200-98-0008 93.116 92,576 ASPH #S084-13/16 93 6,527 ASPH S2097-22/22 1 U36 CCU300430-22 93.116 32,398 ASPH S2098-22/22 1 U36 CCU300430-22 93 76,085 ASPH S2133-22/22 1 U36 CCU300430-22 93.116 272,786 ASPH S0802-18/19 1 U36/CCU300430-19 93.206 36,563 ASPH S1041-19/20 1 U36/CCU300430-20 93.116 10,530 ASPH S2114-22/22 1 U63 CCU300430-22 93 85,071 ASPH S1514-20/22 2 R01 U36/CCU300430-22 93.184 81,293 ASPH S1514-20/21 5 R01 U36/CCU300430-20 93.184 104,652 ASPH S0705-18/20 CDC U36/CCU300430-20 93.116 29,091 EDC CU511449 U62/CCU113642-05 93.135 14,446 EDC CU515195 5 R49/CCR118509 93.136 230 MHRA CU51334 U64/CCU207228-10 93.116 48,520 MHRA CU51334 U64/CCU207228-11 93.116 75,479 MMC 4191941 U64/CCU217724-04 93.943 70,090 MMC 4191941 U64/CCU217724-03 93.939 37,000 NYS DOH C15949 93.161 102,662 RTI-4-46U-8235 1 R01 CDC 200-2001-00123 93.118 129,680

Total Pass-through Center for Disease Control 1,387,301

Administration for Children & Families Pass-through Awards

ABTAI 00-109-LIN DHHS ACF 105-97-8101 93.575 125,489 ABTAI 02-001-CCSUBSIDY DHHS 233-01-0015 93 193,782 ABTAI 10830 DHHS 282-98-0006 93 15,143 BANKST CU515065 ACYF-PA-CC-2000-02 93.647 70,032 BANKST CU515065 ACYF-PA-CC-2000-02 93.647 52,553 BRI CU515497 1 N01 DHHS 213-00-0009 93.600 447,693 UCHICA 20731 5 R01 90YE0020 93.600 23,518

Total Pass-through Administration for Children & Families 928,210




Health Resources & Services AdministrationABTAI CU517420 HRSA 93.107 13,185 NYOON CU515646 HRSA 1 H39 OT 00047-01 93.134 24,638 PH CU517534 5 D1B TM00043-02 93.211 616,121

Total Pass-through Health Resources & Services Administration 653,944

Agency for Health Care Rsch & QualityUMISS 011173811- 5 R01 HS10472-02 93.226 50,838 UTEXHOUS CU5170 5 P01 HS11544-02 93.226 91,077 UTEXHOUS CU5170 1 P01 HS11544-01 93.226 61,728

Total Pass-through Agency for Health Care 203,643

Substance Abuse & Mental Health AdministrationEDC CU513378 5 N01 U1D SM52061 93.230 1,350 PPNY CU517773 5 B06 6511323-02 93.144 23,561

Total Pass-through Substance Abuse & Mental Health Administration 24,911

Food & Drug AdministrationRFSUNY 412-3324A FD-R-001666-01 93.103 146

Total Pass-through Food & Drug Administration 146 Total Pass-through Awards 22,634,676 Total Department of Health & Human Services 266,669,891

National Science FoundationDirect Awards

Engineering Grants 47.041 2,298,542 Mathematics and Physical Sciences 47.049 25,031,263 Geosciences 47.050 16,677,239 Computer and Information Science and Engineering 47.070 6,187,390 Biological Sciences 47.074 1,385,024 Social, Behavioral, and Economic Sciences 47.075 1,402,228 Education and Human Resources 47.076 1,173,917 Polar Programs 47.078 1,714,667


Pass-through AwardsAAAS CU022665 NSF WISC PROGRAM 47 4,500 ASU #02-040 DGE-01-14434 47.076 27,411 BARNARDCU021448 PHY-99-83836 47.049 49,299 BOWDOINCU019739 OPP-99-10982 47.078 49,107 BRANDEIS #4-0012 REC-01-13317 47.076 45,116 BU #159371 PHY-99-77659 47.049 140 CU #39517-66 PHY-01-04619 47.049 181,644 CU 37839-648 DMI-00-75627 47.041 (7,355) DREXEL CU018524 EEC-9727413 47.076 360,625 FARADAY CU02293 DMI-01-31791 47.041 102,242 FRDHM CU021723 IBN-01-30885 47.740 22,684 ICSI UCSB #KK9016 OPP-96-32763 47.078 43,023 IRIS #311 EAR-95-29992 47.050 41,486 JSC 1-04 OCE-93-20477 47.050 7,036 JSC 2-94 OCE-93-08410 47.050 5,459,607 JSC 4-97 OCE-93-08410 47.050 464,366 MBL #10404 OPP-99-11278 47.078 (16,332) POLYU #400174 DMI-99-70063 47.041 72,647 PU #195-6423 EAR-99-78267 47.050 1,303 RUTGER #1159 EIA-99-83468 47.070 103,557 RUTGER 1298 OCE-01-13461 47.050 69,064 RUTGER P.O.#S222 OCE-03-09064 47.050 70,049 SMTSON 03SUBC440 BCS-02-18511 47.075 57,988




STAC CU019745 NSF DUE-99-53192 47.076 (846) TAMRF F001344 OCE-93-20477 47.050 10,999 TAMRF P.O.#H000 OCE-93-20477 47.050 4,080 TAMRF PO#209-F0 OCE-93-20477 47.050 5,471 TERC #4235 DUE-00-226199 47.076 8,669 TRICOL CU020862 GEO-01-19968 47.050 34,838 UALASKA UAF 00-0 OPP-00-02239 47.078 47,857 UCAR NO.S03-38 ATM-97-32665 47.050 14,532 UCAR S03-42017 ATM-97-32665 47.050 49,983 UCB NO.378A IIS-01-21396 47.070 94,508 UCSD PO 102220 OCE-02-23864 47.050 670 UFLRDA P.O. #465 EEC-94-02989 47.041 94,019 UMASS 03-001786 ANI-01-25979 47.070 10,277 UPITT N0. 01011 EEC-98-72498 47.041 54,787 UPITT NO. 01032 DUE-01-21520 47.076 20,461 USC P.O.#0765 EAR-01-06924 47.050 29,836 USC P.O.#048628 EIA-98-76739 47.070 95,103 USCD P.O.#1021 OCE-01-18033 47.050 9,797 USSSP #189-F001 OCE-93-20477 47.050 5,279 USSSP #191-F001 OCE-95-31279 47.050 16,912 USSSP 188-F0012 OCE-93-20477 47.050 5,183 USSSP #194-F0013 OCE-93-20477 47.050 13,790 USSSP #196-F0014 OCE-93-20477 47.050 16,868 USSSP 186-F00113 OCE-93-20477 47.050 5,569 WASH SU#G001244 DEB-00-89843 47.074 24,114 WHOI A100186 OCE-00-83693 47.050 (99) WMVIMS CU023255 OPP-02-18282 47.078 181 YU CY-02-001 CCR-02-08972 47.070 90,095

Total Pass-through Awards 7,972,140 Total National Science Foundation 63,842,410

Department of DefenseDirect Awards

Basic and Applied Scientific Research 12.300 1,549,038 Military Medical Research and Development 12.420 3,843,170 Basic Scientific Research 12.431 1,034,982 Air Force Defense Research Sciences Program 12.800 131,294 Information Security Grant Program 12.902 180,863 Research and Technology Development 12.910 4,018,220 DTRA01-98-1-0006 12 48,624 DTRA01-00-C-0031 12 809,021 DTRA01-00-C-0048 12 105,162 DTRA01-00-C-0077 12 70,810 DTRA01-00-C-0074 12 5,236 DTRA01-01-C-0070 12 133,832 N00014-03-1-0475 12 14,990 N00014-03-1-0140 12 58,125 MDA-904-D2-C-043 12 106,642 F49620-92-J-0061 12 (3,354)


Pass-through AwardsARNOFF #4900000 N00014-01-C-0482 12.002 165,403 ARNOFF CU02017 NMA202-97-D-1033 12.002 (1,014) BMI 01122 1 R01 DAAH04-96-C-0086 12.420 32,310 BROWNU P.O. #P92 MDA 972-00-1-0023 12.910 257,016 CMU N0.101016 MEARC NO.2001-CT-888 12 (44,967) CMU NO.124270-11 MDA 972-02-1-0004 12 26,115 DREXEL #201021 F30602-01-2-0534 12.910 18,792 HMJF 5686 5 N01 DAMD17-98-2-8007 12.420 388,622




IN-Q-TEL #COLUMB CIA #C-2002*A964800*000 12.910 76,581 LEHIGH #533617-8 N00014-00-1-0929 12.300 148,501 MSSM PO511913153 1 R01 DAMD17 00-1-0354 12.114 28,837 NCSU #00-0341- F30602-00-1-0603 12.910 229,826 NCSU #2002-038 N00014-02-1-0089 12.300 91,057 NWU #0650300F416 F49620-02-1-0381 12.630 136,128 PHOTO CUS02160 F30802-00-C-0128 12 320 PRAXIS 22001-PXI NOO173-02-C-6011 12.300 142,952 SAIC #440004427 2001 N458500*000 12 18,729 SAIC CU511058 MDA 972-94-3-0047 12 5,894 SKI CU5124480 5 R01 DAMD17-96-1-6122-4 12.420 (3,313) SRFMH CU517309 #N00014-02-1-0396 12.300 94,790 UCB 110-CU MDA 972-02-01-0024 12 98,760 UIL 01-142 MDA972-00-1-0020 12 103,565 UPENN #53425101 DARPA CU02194601 12.910 23,642 UPENN #537572 F30602-01-2-0537 12.910 16,341 UPENN 5-37291-A N00014-01-1-0625 12.300 251,875 USC P.O.#030920 F49620-98-1-0474 12.630 192,869 UTEXHOUS 2000-36 DAMD 17-92-2-7016 12 90,186 WSU 02054 F49620-02-1-0401 12 53,389

Total Pass-through Awards 2,643,206 Total Department of Defense 14,749,861

National Aeronautics & Space AdministrationDirect Awards

Aerospace Education Services Program 43.001 11,158,221 Technology Transfer 43.002 513,831 NAG5-4649 43 11,741 NAS3-02-118 43 53,526 NAG5-12074 43 128,558 NAG 5-618 43 2,178 NASA P.O.S-69028G 43 11,995 NAS 5-03117 43 784


Pass-through AwardsCALTECH 1019776 NAG 5-5289 43.001 250,115 CALTECH NO.10468 NAG5 11851 43.001 97,728 JPLCIT 1203235 NAS 7-1260 43.001 64,389 JPLCIT 1216483 NAS 7-1407 43.001 91,506 JPLCIT 1217507 NASA 10440 43.001 77,228 JPLCIT 1217618 NAS 7-1407 43.001 220,957 JPLCIT 1228179 NAS7-1407 43.001 98,143 PH 528753/PO P41 NCC9-87 43 128,798 SAO G01-2059X NAS8-39073 43.001 8,334 SAO G01-2063X NAS8-39073 43 14,392 SAO G01-2150B NAS8-39073 43.001 60,914 SAO G02-3058B NAS8-39073 43.001 7,661 SAO G02-3063A NAS8-39073 43.001 20,153 SAO G02-3082X NAS8-39073 43.001 52,074 SAO G02-3090C NAS8-39073 43.001 7,559 SAO G02-3178X NAS8-39073 43.001 21,995 SAO GO0-1099X NAS8-39073 43 154 SAO SP2-2001A NAS8-39073 43.001 3,620 SAO G01-2114X NAS8-30973 43.001 225 SAO G01-2124X NAS 8-39073 43.001 31,652 SAO G01-2144X NAS 8-39073 43.001 41,695 SAO G02-3094X NAS8-39073 43.001 7,010 SAO G03-4092B NAS8-39073 43.001 6,757 SAO GO0-1071C NAS8-39073 43.001 8,287




SAO GO0-1074X NAS8-39073 43.001 (19) SAO GO0-1124B NAS8 39073 43.001 14,073 SAO GO0-1138X NAS8 39073 43.001 46 SAO GO1-2025X NAS8-39073 43.001 20,667 SAO GO1-2039X NAS8-39073 43 1,803 SAO GO2-3059B NAS8-39073 43.001 6,959 SAO GO2-3071X NAS8-39073 43.001 24,533 SAO GO2-3167X NAS8-39073 43.001 43,608 SAO P.O.#S02-694 TXI FLIGHT OPTICS 43 18,709 STSCI GO-08592.9 NAS5-26555 43.001 13,509 STSCI HSTGO08690 NAS5-26555 43.001 (2) STSCI HST-GO-088 NAS5-26555 43.001 2,442 STSCI HSTGO09328 NAS5 26555 43.001 2,874 STSCIGO-08236.02 NAS5-26555 43.001 24 STSCI-GO-09180.0 NAS5-26555 43.001 11,033 STSCIHSTAR08764. NAS5-26555 43.001 15,786 STSCIHSTAR09195. NAS5-26555 43.001 27,688 STSCIHSTGO-08688 NAS5-26555 43.001 20,546 STSCIHSTGO-08872 NAS5-26555 43.001 15,182 STSCIHST-GO09046 NAS5-26555 43.001 3,203 STSCIHSTGO-09111 NAS5-26555 43.001 33,302 STSCIHSTGO09163. NAS5-26555 43.001 (59) STSCIHSTGO09177. NAS5-26555 43.001 32,487 STSCIHSTGO-09278 NAS5-26555 43.001 6,072 STSCIHSTGO-09495 NAS5-26555 43.001 41,096 STSCIHST-HF01136 NAS5-26555 43.001 65,215 UCOL SPO#000001 NASA #07600-038 43.002 (259)

Total Pass-through Awards 1,741,864 Total National Aeronautics & Space Administration 13,622,698

Department of CommerceDirect Awards

Climate and Atmospheric Research 11.431 9,596,912 Office, Oceanic & Atmospheric Rsch Joint & Coop. Inst. 11.432 141,068 Special Oceanic & Atmospheric Projects 11.460 106,566 Measurement & Engineering Rsch. & Standards 11.609 40,034


Pass-through AwardsGENELE CU02301101 NIST 70NANB2H3031 11.6 78,218 MIDLBRYCU021658 NOAA 11.432 2,708 RUTGER #1223-001 NA06RU0139 11.431 15,152 SAIC CU018335 DC NIST 70NANB8H4018 11.6 197,652 SPECTIR PO#37260 NOAA #50-DGNE-2-90003 11.431 50,000 UALASKA UAF 02-0 NA17BJ1224 11.430 110 UCSIO CU023938 NA77RJ0453 11.4 46,685 UCSIO PO 1021626 NOAA NA17RJ1231 11.4 250,745 UCSIO PO10196097 NA37GP0188 11.431 2,109,164 UG P.O.#0051 NA16GP2689 11.4 26,448 UNH 02-608 NA17OR1401 11.419 73,485

Total Pass-through Awards 2,850,367 Total Department of Commerce 12,734,947

Department of EnergyDirect Awards

Office of Science Financial Assistance Program 81.049 8,590,821 DE-FG02-86ER4028 81 849,282

DE-FG02-88ER1393 81 104,568 Total Direct Awards 9,544,671




Pass-through AwardsBATELE 415783A9E DE-AC06-76RLO-1830 81.049 66,294 BNL #700800 DE-AC02-76CH0016 81 69,248 BNL #58247 DE AC02-98CH10886 81.049 317,055 FERMI P0548913 DE AC02 76CH03000 81 20,790 GENERALPO#SCRG13 DE-AC03-99ER54463 81.049 157,197 INEEL #00010237 DE-AC07-991D13727 81 24,998 JSC 2-06 DOE 10500550 81.049 76,300 LANL 65954-001 DOE-W-7405-ENG-36 81.049 8,175 LLNL B520741 DOE-W-7405-ENG-48 81 10,217 UCB 2895-22436-0 DE-FG01-00ER62909 81.049 59,687 UCD W/GEC 02 DE-FC03-90ER61010 81.049 42,943 UUTAH #2012075 DE-FG03-01ER45886 81 3,830 UUTAH #2012075 DE-FG03-01ER45886 81.049 400

Total Pass-through Awards 857,134 Total Department of Energy 10,401,805

OTHER AGENCIESEnvironmental Protection AgencyDirect Awards

Water Quality Management Planning 66.454 74,988 Environmental Protection Consolidated Research 66.500 568,058 Environ Prot Consol Grants-Prog Support 66.600 755,919 Surveys, Studies, Investigations & Special Purpose Grants 66.606 1,159


Pass-through AwardsMSSM 0258-1861-4 EPA R-827039-05 66 7,612 MSSM SM9133722 EPA R-82703901-04 66 10,187

Total Pass-through Awards 17,799 Total Environmental Protection Agency 1,417,923

Department of the InteriorDirect Awards African Elephant Conservation 15.620 45,672 Earthquake Hazards Reduction Program 15.807 347,949

U.S. Geological Survey-Rsch & Data Acquisition 15.808 63,398 Ntnl. Spatial Data Infrastructure Coop. Agreements Prog. 15.809 17,066 Rivers, Trails & Conservation Assistance 15.921 21,858 USGS PO#1-3033-00282 15 (34,818) USGS PO 2-3033-001 15 24,900 USGS 2-3033-00 15 30,475 USGS 2-3033-01 15 24,000

Total Direct Awards 540,500

Pass-through Awards SLRIHS NBCHC01006 DI NBCHC010064 15 295,601 UNH CU023957 DI CU02395701 15 42,196 Total Pass-through Awards 337,797 Total Department of the Interior 878,297

Department of Veterans AffairsDirect Awards VAMCBX M02091740 64 12,166 Total Direct Awards 12,166




Pass-through Awards NAS IOM-5124-98-010 V101(93)P-1331 64 569,376 Total Pass-through Awards 569,376 Total Department of Veterans Affairs 581,542

Department of StateDirect Awards

AID AOTG 00990017900 02 24,659 AID HDA-G00020014600 02 165,157 AID HDA G00-02-00144 02 105,243 DS #SLMAQM-02M4266 19 23,919


Pass-through Awards AGU START AID GEW-G-00-02-00006-00 19.200 29,594 Total Pass-through Awards 29,594 Total Department of State 348,572

Department of Housing & Urban DevelopmentDirect Awards Housing Opportunities for Persons with AIDS 14.241 (1) HUD NYLHH0098-01 14 325,323 Total Direct Awards 325,322

Pass-through AwardsATFA CU513024 1 R01 HUD 14 15,040 COB CU513048 HUD 14.241 7 CSS CU513023 1 R01 HUD 14.241 (39,103) ICF 95040-T-072 COM DEV BLOCK GR & HOME 14 (253) LHCECF CU513043 1 R01 HUD 14 178

Total Pass-through Awards (24,131) Total Department of Housing & Urban Development 301,191

Department of AgricultureDirect Awards

Grants for Agricultural Rsch - Competitive Rsch Grants 10.206 43,665 Forestry Research 10.652 6,105 USDA 2002-35200-1157 10.RD 111,023


Pass-through Awards UCAR S99-14846 USDA CU01867801 10.156 72 Total Pass-through Awards 72 Total Department of Agriculture 160,865

Department of JusticeDirect Awards

Juvenile Justice & Delinquency Prevention - Allocation States 16.540 2,910 Natnl Institute of Justice Rsch, Evaluation, & Dev Project Grants 16.560 14,446 NIJ 2000-MU-MU-0006 16 21,790


Pass-through Awards NCA CU517259 Dept. Of Justice Nat'L Child Alliance 16.582 1,209 Total Pass-through Awards 1,209 Total Department of Justice 40,355




Department of TransportationDirect Awards Dev & Promotion of Ports & Intermodal Transportation 20.801 32,181 Total Direct Awards 32,181 Total Department of Transportation 32,181

National Archives and Records AdministrationDirect Awards Natnl Historical Publications & Records Grants 89.003 75 Total Direct Awards 75 Total National Archives and Records Administration 75

Department of LaborDirect Awards Labor Force Statistics 17.002 (4,391) Total Direct Awards (4,391) Total Department of Labor (4,391) Total Other Agencies 3,756,535

Department of EducationDirect Awards Natnl Institute on Student Achievement, Curriculum, & Assessment 84.305 84,969 Total Direct Awards 84,969 Total Department of Education 84,969

Total Research & Development Cluster 385,863,191

STUDENT FINANCIAL AIDDepartment of Education Cluster

Federal Supplemental Educational Opportunity Grants 84.007 974,312 Federal Work-Study Program 84.033 6,408,656 Federal Perkins Loan Program - Federal Capital Contributions 84.038 761,155 Federal Pell Grant Program 84.063 2,942,222

Total Department of Education 11,086,345

Department of Health & Human Services ClusterDirect Awards Health Professions Stdnt Loans, Incldng Primary Care Loans/Loans for Dsdvntgd Stdnts 93.342 277,152 Scholarships for Hlth Professions Stdnts from Disadvantaged Backgrounds 93.925 538,093 Total Direct Awards 815,245 Total Department of Health & Human Services 815,245 Total Student Financial Aid Cluster 11,901,590




OTHER PROGRAMSDepartment of Health & Human ServicesDirect Awards

Public Health & Social Services Emergency Fund 93.003 1,480,822 Maternal and Child Health Federal Consolidated Programs 93.110 577,098 Biological Response to Environmental Health Hazards 93.113 121,049 Project Grants & Coop Agrmnts for Tuberculosis Control Prog 93.116 20,111 Oral Diseases and Disorders Research 93.121 162,064 Nurse Anesthetist Traineeships 93.124 51,576 Emergency Medical Services for Children 93.127 652,521 Ctrs for Rsch & Demonstration, Health Promotion & Disease Prevention 93.135 26,261 AIDS Education and Training Centers 93.145 3,255,180 Coordinated Svcs & Access to Rsch-Women, Infants, Children, & Youth 93.153 2,354,938 Special International Postdoc Rsch Program in AIDS 93.154 690,718 Human Genome Research 93.172 13,294 Research Related to Deafness and Communication Disorders 93.173 218,275 National Research Services Awards 93.186 106,566 National Research Service Awards-Health Services Research Training 93.225 12,924 Research on Healthcare Costs, Quality & Outcomes 93.226 152 Consolidated Knowledge Dev & Application Program 93.230 28,920 Mental Health Research Grants 93.242 54,575 Advanced Education Nursing Grant Program 93.247 379,566 Public Health Training Centers Grant Program 93.249 371,368 Alcohol Rsch Career Dev Awards for Scientists & Clinicians 93.271 103,639 Alcohol National Research Service Awards for Research Training 93.272 7,000 Career Development Awards 93.277 1,661,158 Drug Abuse National Research Service Awards for Research Training 93.278 208,389 Mental Health Research Career/Scientist Development Awards 93.281 4,583,782 Mental Health National Research Service Awards for Research Training 93.282 3,130,234 Biomedical Imaging Research 93.286 140,334 4 H97 HA00058-05 93.298 550,963 Clinical Research 93.333 426,518 Advanced Education Nursing Traineeships 93.358 169,162 Nursing Research 93.361 210,440 Minority Biomedical Research Support 93.375 493,618 Research Infrastructure 93.389 105,493 Cancer Research Manpower 93.398 1,477,743 Head Start 93.600 1,478,435 Cell Biology and Biophysics 93.821 884,484 Heart and Vascular Diseases Research 93.837 2,669,729 Lung Disease Research 93.838 318,837 Blood Diseases and Resources Research 93.839 549,527 Arthritis, Musculoskeletal and Skin Diseases Research 93.846 397,503 Diabetes, Endocrinology and Metabolism Research 93.847 1,164,750 Digestive Diseases and Nutrition Research 93.848 911,082 Kidney Diseases, Urology and Hematology Research 93.849 287,568 Extramural Rsch Programs in the Neurosciences & Neurological Disorders 93.853 1,768,376 Allergy, Immunology and Transplantation Research 93.855 330,369 Microbiology and Infectious Diseases Research 93.856 598,671 Pharmacology, Physiology, and Biological Chemistry Research 93.859 1,570,665 Genetics and Developmental Bilogy Research and Research Training 93.862 425,476 Population Research 93.864 348,842 Center for Research for Mothers and Children 93.865 953,702 Aging Research 93.866 1,428,837 Vision Research 93.867 247,457 Medical Library Assistance 93.879 1,285,489 Minority Access to Research Careers 93.880 31,701 Resource & Manpower Development in the Environmental Health Sciences 93.894 117,223 Grants for Faculty Development in Family Medicine 93.895 627,491 Residencies and Advanced Education in the Practice of General Dentistry 93.897 397,488




Ryan White HIV/AIDS Dental Reimbursements 93.924 309,680 Healthy Start Initiative 93.926 1,025,378 Special Projects of National Significance 93.928 1,006,290 Center for Medical Rehabilitation Research 93.929 (5,638) Epidemiologic Rsch Studies-AIDS & HIV Infection in Selected Population 93.943 77,480 Public Health Traineeships 93.964 107,255 Academic Administrative Units in Primary Care 93.984 (34,229) Senior International Fellowships 93.989 144,438 ORI 02T200054 93 2,090 5 N01 CDC 200-1999-0 93 182,695 NIMH 263-MD217705 93 14,481 NIH 1 C06 RR14513-01 Construction 93 867,993


Pass-through AwardsAACYF CU5174450 2 U62 CCU319858-02 93.118 37,378 AACYF CU5174450 1 U62 CCU319858-01 93.118 32,217 AAHP CU518589 CDC #200-2002-00732 93 103,741 APSYA CU514905 5 K12 DA00366-03 93.277 152,158 ASPH #H098-04/04 HRSA COOP AGREEMENT 93.964 (81) ASPH #H105-05/05 HRSA COOP AGREEMENT 93.188 14,234 ASPH HO61-04/04 HRSA - 04 PUBLIC HLTH PRACTICE 93.186 (216) ASPH S1514-20/20 CDC U36/CCU300430-20 93 (8,349) ASPH S1544-20/22 5 U36/CCU33430-20 93.135 809,425 ATPM T-H17-10/11 93 17,651 CTRC CC0P-0215 5 U10 CA37429 93.399 68,671 CTRFST U 10 CA-32102 93.398 9,110 CTRFST UCOP U 10 CA-34729 93.396 38,022 DUKE SCD-HEFT NHLBI 93.838 4,019 FHCRS 2003-4902- 5 U01 AI46747-04 93.856 520,618 GLMA CU515313 HRSA 93.188 2,514 GMHCI CU5172490 U62 CCU202061 93.940 191,734 JHPKN FD-R-001693-03 93.103 18,818 MHRA 93-EVL-4645 HRSA 5 H89 HA00015-09 93.914 (1,415) MHRA 93-EVL-4645 5 H89 HA00015-13 93.914 1,021,036 MHRA CU508970 3 H89 HA00015-11S1 93.928 (5,729) MHRA PE06Y11 1 H89 HA 00015-12 93.924 167,496 MIAMI U01 DKA146636 93.865 2,614 MICH 1 U01 DK57577-01A1 93.848 500 MSKCC POB367861 5 T32 MH19128-09 93.282 3,866 NCCR 8418/9609 U10 CA13539 93.395 130,885 NSABP PFED16-CP NCI U10CA37377 93.399 37,396 NYCDOH CU514778 93.946 (1,740) NYCHRA CU507383 DHHS 93.600 723,626 NYSDOH C016863 93.994 70,152 NYSDH C017343 93.994 43,096 NYSDH CO14648 93.991 63,601 NYS RFMH CU517319 6 H07 SM00133-02 93.003 108,490 NYSDHAI CU518635 H4AHA0003303 93.145 6,248 NYSHRI 815-894-05 CCU20971107 93.919 2,766 NYUMC #01-142O 5 K14 HL03386-05 93.837 59,916 ROCHSTR PO411582 5 R01 NS37167-04 93.853 477 RUTGER #1317 *SAMSHA 93.230 110,708 SCLSC 200VC002 2U01-AI38858 93.856 194,353 SCLSC 203VC005 2U01-AI38858-03 93.856 158,921 SCLSC AACTG.27 U01 AI38858 93.856 212,821 SCLSC AACTG.33. 2 U01 AI38858-06 93.856 (25,640) SRA 525-S-03 1 N01-CA-40511 93.396 (315) UCHICG NS40229 5 R01 NS40229-01 93.854 197 UCONN #PS754801 5 R01 RR14717-03 93.371 (37)




UCSD ADC-008 10 5 U01 AG10483 93.866 31,329 UCSF 2764SC 5 K12 HD00849 93.864 108,238 UCSF BBA-99-02 N01-AR-0-2245 93.846 67,658 UCSF BBA-99-05 N01-AR-0-2245 93.846 18,486 UCSF CU516114 1 H4A HA00038-01 93.145 (3,279) UCSF CU517367 5 K12 HD00849 93.864 5,199 UMDRWJ GMO-9000 FD-R-001754-02-1 93.103 3,359 UR NO.411331-G FDA R-001671-01 93.103 (5,059) UTHSCSA K-704-5- DHHS 155-88-1171-02 93.125 (4) UWASH ACES U10HL58706-01A1 93.837 61,263 WESTAT CU507920 N01-HD-3-3162 93.865 298,041 XTRIA EAI-2003-00 1 R01 DHHS 233-02-0089 93.556 46,059 YU CU517783 2 K12 HD00850-17 93.865 85,036

Total Pass-through Awards 5,812,279 Total Department of Health & Human Services 52,150,345

Department of EducationDirect Awards

Ntnl Resource Ctrs & Fllwsp Program-Language & Area 84.015 1,829,858 International: Overseas - Faculty Rsch Abroad 84.019 1,807 International: Overseas - Doctoral Dissertation 84.022 240,043 TRIO - Talent Search 84.044 313,020 TRIO - Upward Bound 84.047 848,958 Fund for the Improvement of Postsecondary Education 84.116 81,833 Javits Fellowships 84.170 32,531 Centers for International Business Education 84.220 338,445 Child Care Access Means Parents in School 84.335 14,056 Community Technology Center 84.341 91,306 International: Overseas-Doctoral Dissertation 84.022 24,380 Fund for the Improvement of Postsecondary Education 84.116 55,127 Javits Fellowships 84.170 523,089


Pass-through AwardsNAS DBASSE3833-0 DE 3833-001 84 3,835 NRC CU516535 DE 3833-001 84 (318) NYCBED 00-08581 84.303 20,638 NYCBED 99-08581 84.303 290 NYU F5167-01 DE-P015B000170-02 84.015 6,905 NYU F5401-01 DE-P015B000170-02 84.015 93,512 NYU F-5179-01 DE-P015A000170-01 84.015 1,906 NYU F-5417-01 DE-P015A000170-01 84.015 57,614

Total Pass-through Awards 184,382 Total Department of Education 4,578,835

National Science FoundationDirect Awards

Engineering Grants 47.041 (55,089) Mathematical and Physical Sciences 47.049 741,097 Geosciences 47.050 25,000 Computer and Information Science and Engineering 47.070 21,605 Biological Sciences 47.074 53,792 Social, Behavioral, and Economic Sciences 47.075 165,788 Education and Human Resources 47.076 877,380

Education and Human Resources 47.076 608,226 Total Direct Awards 2,437,799




Pass-through AwardsCUPRESSCU020401 IIS-00-02509 47.070 3,396 DREXEL CU018691 EEC-97-27413 47.076 256,618 RFCUNY #40434000 DGE-02-21589 47.076 149,266 RFCUNY 40101-D DBI-96-02234 47.074 63,113 RFCUNY 40688-C 47 6,480 UND CU020313 NSF TEACHERS TRAINING 47.049 2,676

Total Pass-through Awards 481,549 Total National Science Foundation 2,919,348

Department of StateDirect Awards College & University Partnerships Program 19.406 24,201 DS SLMAQM-01-H-0091 19 244,071 DS SLMAQM-02-H-0065 18 1,406,584 USIA#IAASPS-G919 19 18,832 AID AOT-A-00-98-0015 02 (29) Total Direct Awards 1,693,659

Pass-through AwardsNCEER 816-10G DEPT. OF STATE 19 (4,219) SCF CU518601 USAID 294-A-00-01-00115 02 64,164 WEI CU517515 AID HDA-A-00-02-00163 02 2,700 WLETGE CU022255 US AID 02 28,008

Total Pass-through Awards 90,653 Total Department of State 1,784,312

National Endowment for the Arts & HumanitiesDirect Awards

Promotion of the Humanities - Challenge Grants 45.130 (14,260) Promotion of the Humanities - Division of Preservation & Access 45.149 1,170,169 Promotion of the Humanities - Research 45.161 31,992 Promotion of the Humanities - Ed Dev & Demonstration 45.162 43,357 Promotion of the Humanities - Public Programs 45.164 9,866


Pass-through Awards UCB NO.2777-2 NEH PA-23351-99 45.149 30,116 UMICHG #F005413 NEH PA-23795-01 45.149 5,033 Total Pass-through Awards 35,149 Total National Endowment for the Arts & Humanities 1,276,273

Department of DefenseDirect Awards Basic & Applied Scientific Research 12.300 381,244 Military Medical Research & Development 12.420 99,134 Total Direct Awards 480,378 Total Department of Defense 480,378

Department of EnergyDirect Awards Office of Science Financial Assistance Program 81.049 182,723

DE FG02-02CH111119 Construction 84 969,000 Total Direct Awards 1,151,723




Pass-through Awards BNL #PO 55783 DE-AC02-98CH10886 81.049 35,204 BNL 64256 DE AC02-98CH10886 81.049 30,906 Total Pass-through Awards 66,110 Total Department of Energy 1,217,833

National Aeronautics & Space AdministrationDirect Awards Aerospace Education Services Program 43.001 98,260 NGT5 30374 43 22,692 NGT5 30391 43 20,331 Total Direct Awards 141,283

Pass-through Awards CU OSP #39555-65 NGT5-40078 43.001 8,290 SAO PFO-10011 NAS 8-39073 43.001 54,757 Total Pass-through Awards 63,047 Total National Aeronautics & Space Administration 204,330

Environmental Protection AgencyDirect Awards Environmental Protection Consolidated Grants - Prog Support 66.600 11,300 Training & Fellowships for the Environmental Protection Agency 66.607 27,735 Total Direct Awards 39,035 Total Environmental Protection Agency 39,035

Department of Veterans AffairsDirect Awards DVAMC V688P-2459 2 R01 CDC 64 142,965 VAMHCS CSP 442 VAMHCS 64 1,395 Total Direct Awards 144,360 Total Department of Veterans Affairs 144,360

Department of JusticeDirect Awards Public Safety Partnership & Cmmnty Policing Grants 16.710 166,813 DJ CU002263 16 13,525 Total Direct Awards 180,338 Total Department of Justice 180,338

Department of Housing & Urban DevelopmentDirect Awards

General Research & Technology Activity 14.506 29,539 HUD B01SPNY0443 Construction 997,800


Pass-through Awards AHW CU516696 HUD CU51669601 14.506 63,970 Total Pass-through Awards 63,970 Total Department of Housing & Urban Development 1,091,309

Department of LaborDirect Awards Employment & Training Admin Pilots, Demos, & Rsch Projects 17.261 54,065 Total Direct Awards 54,065 Total Department of Labor 54,065




Japan - U.S. Friendship CommissionDirect Awards JAPUS 02-45 99 3,091 JAPUS 02-22 99 11,573 JAPUS 02-45 99 5,000 Total Direct Awards 19,664 Total Japan - U.S. Friendship Commission 19,664

Department of the InteriorDirect Awards U.S. Geological Survey - Rsch & Data Acquisition 15.808 (8,984) Total Direct Awards (8,984) Total Department of the Interior (8,984)

Department of AgriculturePass-through Awards WIIAD CU020992 USDA NRIGP 10 7,252 Total Pass-through Awards 7,252 Total Department of Agriculture 7,252

Department of CommerceDirect Awards Coastal Zone Management Estuarine Rsch Reserves 11.420 9,238 Public Telecommunications Facilities - Planning & Construction 11.550 (180,337) Total Direct Awards (171,099)

Pass-through Awards KURZ CU512958 NIST 70NANB5H1188 11.6 1,140 Total Pass-through Awards 1,140 Total Department of Commerce (169,959) Total Other Programs 65,968,734 Total Federal Awards Expenditures 463,733,515$


The Trustees of Columbia University in the City of New York Notes to Schedule of Expenditures of Federal Awards For the year ended June 30, 2003 (in thousands of dollars)

35

1. Basis of Presentation The accompanying supplemental schedule of expenditures of federal awards (the “Schedule”) has been prepared in accordance with OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. The purpose of the Schedule is to present a summary of those activities of The Trustees of Columbia University in the City of New York (the “University”) for the year ended June 30, 2003, which have been financed by the U.S. Government (“federal awards”). For purposes of the Schedule, federal awards include all federal assistance entered into directly between the University and the federal government and also between the University and other primary recipients of federal government funds (pass-through), recorded on the accrual basis of accounting. Negative amounts listed on the Schedule represent adjustments, in the normal course of business, to amounts included on the prior year’s Schedule. 2. Official Agency Names Full names of the sponsoring agencies included on the accompanying schedules are as follows:

DHHS Department of Health and Human Services NSF National Science Foundation Defense Department of Defense Department of the Air Force Department of the Army Department of the Navy Defense Advanced Research Projects Agency Commerce Department of Commerce NASA National Aeronautics and Space Administration Energy Department of Energy Education Department of Education Other Other federal government agencies: Department of Agriculture * Department of Central Intelligence Environmental Center Department of Housing and Urban Development Department of the Interior Department of Justice Department of Labor Department of State Department of Transportation Department of Veterans Affairs Environmental Protection Agency * Federal Emergency Management Agency Japan - U.S. Friendship Commission National Archives and Records Administration National Foundation on the Arts and Humanities United States Agency for International Development United States Institute of Peace * Pass-through funding only.


36

Subrecipient During fiscal year 2003, the University provided $52,080 to subrecipients in the following programs: Research and development 45,930$ Other 6,150$

3. Facility and Administrative Costs The University’s negotiated predetermined cost rates for the year ended June 30, 2003 were as follows:

NegotiationBase (1999)Facility and

Administrative RateAll campuses, excluding Lamont-Doherty Earth Observatory

On-campus 141,958$ 63.50%Off-campus 6,911$ 26.00%Off-campus modified 9,188$ 28.90%

Lamont-Doherty Each ObservatoryOn-campus 19,537$ 53.00%Off-campus 1,515$ 24.90%Off-campus modified 2,232$ 27.80%

4. Guaranteed Student Loan Programs The University does not guarantee any federal loan funds related to the loan programs, but instead, processes and authorizes loans to students which are guaranteed by the federal government and granted ultimately by banks. The University offers student financial assistance through the following guaranteed student loan programs:

Loans IssuedFederal Federal for the year endedAgency Federal Family Education Loan Programs CFDA No. June 30, 2003

Education Federal Subsidized Stafford Loan Program 84.032 54,447$ Education Federal Unsubsidized Stafford Loan Program 84.032 65,607$ Education Federal Plus Loan Program 84.032 13,173$


37

5. Student Loan Programs

Loans issued OutstandingFederal Federal for year ended Balance atAgency Program CFDA No. June 30, 2003 June 30, 2003

Education Perkins Loan 84.038 9,252$ 57,656$ DHHS Health Professionals 93.342 789$ 4,953$ DHHS Nursing Student 93.364 139$ 649$ 6. Other Federal Loans The University also has two loans from Education for $4,455 million in connection with housing programs. The loans bear interest rates from 3.0% to 5.5% and mature in 2020 and 2021. The University charges an allowable administration charge to the Federal Work Study Program equal to 5% of the funds awarded through The Perkins Loan Program, totaling $684,431 for fiscal year 2003. The University allocated $448,520 to the Federal Work Study Program and $235,911 to the Federal Perkins Loan Program.

accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses. However, we believe that none of the reportable conditions described above are material weaknesses. We also noted other matters involving the internal control over financial reporting, which we have reported to management of the University in a separate letter dated December 5, 2003. This report is intended solely for the information and use of the University’s Board of Trustees, management, federal awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties.

October 17, 2003

39

Internal Control Over Compliance

The management of the University is responsible for establishing and maintaining effective internal control over compliance with requirements of laws, regulations, contracts and grants applicable to federal programs. In planning and performing our audit, we considered the University's internal control over compliance with requirements that could have a direct and material effect on a major federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over compliance in accordance with OMB Circular A-133.

We did not consider the University’s internal control over student financial aid compliance with functions of billing, collection, processing deferments and due diligence requirements specified for the Federal Perkins Loan Program, Federal Subsidized and Unsubsidized Stafford Loan Programs, Federal Plus Loan Program, Federal Nursing Student Loan Program and Federal Health Professional Loan Programs and described in the OMB Circular A-133 Compliance Supplement. Internal control over these compliance requirements was considered by the other independent auditors referred to above; and our report, insofar as it relates to the University’s internal control over those compliance requirements, is based solely upon the report of the other independent auditors.

We noted certain matters involving the internal control over compliance and its operation that we consider to be reportable conditions. Reportable conditions involve matters coming to our attention relating to significant deficiencies in the design and operation of the internal control over compliance that, in our judgment, could adversely affect the University’s ability to administer a major federal program in accordance with the applicable requirements of laws, regulations, contracts, and grants. Reportable conditions are described in the accompanying schedule of findings and questioned costs as items 03-3 and 03-4.

A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that noncompliance with the applicable requirements of laws, regulations, contracts, and grants that would be material in relation to a major federal program being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. Our consideration of the internal control over compliance would not necessarily disclose all matters in the internal control that might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses. However, we believe that none of the reportable conditions described above is a material weakness.

This report is intended solely for the information and use of the University’s Board of Trustees, management, federal awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties.

December 5, 2003

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The Trustees of Columbia University in the City of New York Schedule of Findings and Questioned Costs For the year ended June 30, 2003

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Part I—Summary of Independent Auditors’ Results Financial Statements Type of independent auditors’ report issued: Unqualified Internal control over financial reporting:

Material weaknesses identified? _____ yes __X__ no Reportable conditions identified that are

not considered to be material weaknesses? __X__ yes _____ no Noncompliance material to financial statements noted? ______ yes __X _ no Federal Awards Internal Control over major programs:

Material weaknesses identified? _____ yes __X__ no Reportable conditions identified that are not considered

to be material weaknesses X yes ______ no Type of independent auditors’ report issued on compliance

for major programs: Unqualified Any audit findings disclosed that are required

to be reported in accordance with Circular A-133 (section .510(a))? X yes ______ no

Identification of major programs:

CFDA Number(s)

Name of Federal Program or Cluster

Various Research and Development Cluster Various Student Financial Assistance Cluster Dollar threshold used to distinguish between

Type A and Type B programs: $3,000,000 Auditee qualified as low-risk auditee? X yes no

The Trustees of Columbia University in the City of New York Schedule of Findings and Questioned Costs, Continued For the year ended June 30, 2003

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Part II—Financial Statement Findings This section identifies the reportable conditions, material weaknesses, and instances of non-compliance related to the financial statements that are required to be reported in accordance with paragraphs 5.18 through 5.20 of Government Auditing Standards.

03-1 Improve Processing and Oversight of Faculty Practice Plans’ Activities During our audit we noted the following issues with respect to processing and oversight of faculty practice plans revenue. a) The College of Physicians and Surgeons (“P&S”) has several decentralized points of cash receipts. For example:

•

•

There are 34 separate faculty practice plan cash accounts which are managed and reconciled outside of the central accounting function. These cash accounts are only reconciled to the University’s general ledger at the end of the fiscal year. Starting in January 2004, the cash accounts are being reconciled to the general ledger monthly.

b) P&S recognizes patient revenue, for the separate faculty practice plans noted above, to the extent cash is transferred by the individual departments. In addition, manual transaction postings are made to allocate revenue. Recognizing revenue based on cash receipts does not ensure accurate and complete revenue generated from the faculty practice plans. Also, manually allocating revenue is a time consuming process and limits the ability to generate reliable financial reports on a timely basis. We recommend management of the University address these issues to help improve controls over the processing and oversight of faculty practice plan activities. 03-2 Review Current Processes and Procedures to Improve Financial Information at P&S In connection with our audit procedures performed at P&S, we noted an inconsistent practice among the departments with respect to the processes and procedures related to recording nongovernmental revenue and expense activities. Specifically we noted that while the year end financial statements are prepared on a full accrual basis, certain monthly nongovernmental revenue and expense activities were recorded on a cash, modified cash or accrual basis. Additionally, there were not consistent practices for gathering, developing, reporting and monitoring nongovernmental budget to actual activities of the departments individually, and P&S on a consolidated basis. The conditions described above lead to can have a potentially negatively impact P&S’s ability to record, process, summarize and report financial data consistent with the assertions of management in the financial statements. We recommend management review the current processes and procedures to improve controls over the nongovernmental financial information generated at P&S.

The Trustees of Columbia University in the City of New York Schedule of Findings and Questioned Costs, Continued For the year ended June 30, 2003

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Part III—Federal Award Findings and Questioned Costs Section This section identifies material weaknesses, significant deficiencies and instances of noncompliance, including questioned costs, related to the audit of major federal programs, as required to be reported by OMB Circular A-133 section 510.

03-3 Annual Effort Certification Reports In accordance with the provisions of OMB Circular A-21, the University follows the Plan-Confirmation method for documenting the distribution of salaries and wages. Circular A-21, part J8, c. (1) (e) requires that “…At least annually a statement will be signed by employee, principal investigator, or responsible official (s) using suitable means of verification that the work was performed.” The University’s policy does not dictate who must sign the statement; rather, only that the individual who does sign the statement has satisfied this requirement. In our review of the effort certification process, we noted that the effort report signatories included departmental administrators. Our audit testing did not identify any instance of unsigned annual effort certifications or any inaccuracies in such certifications. We also recognize that departmental administrators are often personally involved in the updating of effort allocations during the course of the year, and in that capacity they do gain access to information that would enable them to verify that the work described in the effort certification was performed. We believe, however, that the number of individuals for whom some departmental administrators certify effort is such that the University should consider providing more guidance on the certification process, including a description of the review processes that should take place during the year to facilitate the certifier’s ability to sign the effort report. 03-4 Perform Bi-annual Inventories of Equipment The University periodically performs an entity-wide inventory of equipment purchased with federal funds (as well as all other equipment purchased, irrespective of funding source) in all research-intensive buildings. The inventory is performed each time the University prepares and submits an indirect cost proposal to the federal government for the purpose of negotiating F&A rates. Most recently, an inventory was conducted in fiscal 2004; previous to that, the last equipment inventory was completed in fiscal year 2000. Circulars A-110, section 34.3 and A-21 J12 c (4) e state that a physical inventory of equipment shall be taken and reconciled with the underlying records at least once every two years. We recommend the University implement its plan to perform sample cycle counts of all equipment for which deprecation is charged to the federal government through its indirect cost rate. This will help ensure compliance with the applicable asset inventory provisions of Circulars A-110 and A-21.

The Trustees of Columbia Univeristy in the City of New York Status of Prior Year’s Findings For the year ended June 30, 2003

Status of Prior Year’s Findings The 2002 OMB Circular A-133 audit was performed by other independent auditors who did not have any findings.

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Columbia University

in the City of New York

Office of the Treasurer and Controller

March 26, 2004 University Response and Corrective Action Plan re: Findings Contained in Report in Connection

with OMB Circular A-133 For the year ended June 30, 2003

03-1 Improve Processing and Oversight of Faculty Practice Plans’ Activities Management concurs with this recommendation. In the fall of 2003, several managers from P&S and the Office of the Treasurer and Controller developed a work plan to resolve the issues identified. A standard format for bank account reconciliations for use by schools and departments and for review by the Office of the Treasurer was developed. A number of pilot departments have reviewed and implemented the policy, which is being updated and clarified based on their feedback. The full conversion of the Faculty Practice accounts (now 35, following the closing of 18 bank accounts since July, 2003) to monthly reconciliation is underway, and the Medical Center has sent Faculty Practice bank reconciliations through December 2003 to the Treasurer & Controller for sample review. The full implementation of the revised monthly reconciliation guidelines for all departments will occur in fiscal year 2004. b. Management concurs with this observation. P&S, the Controller’s Office and PricewaterhouseCooper’s are working together to determine a work plan and timetable for establishing an electronic interface to link the billing system to the general ledger system to enhance control, completeness, accuracy and timeliness of revenue recognition and accounts receivable valuation. It is recognized that this is a major project that could take many months to accomplish. P&S began to book accounts receivable valuation (and corresponding liabilities) on a quarterly basis beginning September 2003, with a goal of booking accounts receivable on a monthly basis by December 2004. 03-2 Review Current Processes and Procedures to Improve Financial Information at P&S

Management concurs with this observation and P&S has instituted procedures to recognize revenues and expenses on an accrual basis throughout the year in addition to its existing year-end procedures. As noted above, this policy was instituted on a quarterly basis in September 2003, and by December 2004 a new process will be in place for monthly accruals. Further, since the fall of 2003, P&S has established reports and uniform procedures for monitoring the financial performance of departments. Quarterly reviews of departments began in September 2003, and a new budget variance reporting format was established as part of the FY04-05 budget cycle. All departments have been trained on a new budget reporting format, which will be used to review FY2004 year-end estimates as well as budget to variance reports that will be reviewed on an ongoing basis throughout the 2004-05 fiscal year.

03-3 Annual Effort Certification Reports We concur with this recommendation, and have already begun implementation thru a series of meetings with department chairs and senior administrators to discuss both the importance of the certification process and the appropriate steps necessary for the certifier to take in order to certify. We have also taken measures to make effort information more readily available for a broader distribution through electronic media. Additionally, the instructions transmitting the annual certification report will clearly set forth the requirements for certifying effort distributions. 03-4 Perform Bi-annual Inventories of Equipment As noted, a comprehensive inventory of equipment is conducted in connection with each indirect cost proposal submission. In this fashion, we insure that our F&A rate proposal only includes depreciation on verified equipment. As our negotiated rates are predetermined and multi-year (our current F&A rate runs from 7/1/00 thru 6/30/04), any change in or disposition of equipment within the negotiated rate period has no bearing on the rate. The conduct of a full inventory on a biannual basis is an extremely expensive undertaking. Accordingly, we are currently developing a plan to stratify equipment by cost, to confirm the status of all equipment with a unit cost in excess of a to-be- determined amount, and to do the same for a small sample of all equipment with a unit cost below that threshold. 03-4 Perform Bi-annual Inventories of Equipment As noted, a comprehensive inventory of equipment is conducted in connection with each indirect cost proposal submission. In this fashion, we insure that our F&A rate proposal only includes depreciation on verified equipment. As our negotiated rates are predetermined and multi-year (our current F&A rate runs from 7/1/00 thru 6/30/04), any change in or disposition of equipment within the negotiated rate period has no bearing on the rate. The conduct of a full inventory on a biannual basis is an extremely expensive undertaking. Accordingly, we are currently developing a plan to stratify equipment by cost, to confirm the status of all equipment with a unit cost in excess of a to-be- determined amount, and to do the same for a small sample of all equipment with a unit cost below that threshold.

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Economy & Finance

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