Hi Louis,
If your initial conditions are for 2010, then yes, you are correct that you do not need to start setting inputs for transition multipliers until 2011, no transitions will take place for the 2010 timestep.
For Run Control, your Start year should be set to 2010. This represents Timestep 0 which is not simulated.
Transitions will begin to be simulated for the next timestep, in your case 2011. If you then view state outputs for your model for 2010, they should exactly match your initial conditions.
Regards,
Leonardo