University of Virginia Library

ADOPTION OF 1960-1961 UNIVERSITY BUDGET

The Chairman of the Finance Committee, Mr. McWane, submitted for the Board's consideration
the proposed 1960-1961 University Budget, copies of which had been previously mailed to each
member of the Board. Mr. McWane reported that the Finance Committee had met with the President
and the Comptroller on 26 May 1960 for a detailed review of the proposed budget and that the
Finance Committee, at the conclusion of its meeting, had unanimously approved the budget as
recommended. Accordingly, he proposed and the Board adopted the following resolution

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the proposed 1960-1961 University Budget as recommended by the President and as approved by
the Finance Committee be and it is hereby approved