Years Ended September 30, 2017 and 2016
Note 12 – Grants and Contracts
At September 30, 2017, the University had been awarded approximately $45.3 million in grants and contracts which had not been expended. These awards, which represent commitments of sponsors to provide funds for specific research, training, and service projects, have not been reflected in the financial statements as of and for the year ended September 30, 2017.