 | Board of Visitors minutes June 10, 1955 |  |
MR. VINCENT SHEA PRESENT
BUDGET FOR 1955-1956 ADOPTED
Mr. Mears, Chairman of the Finance Committee, presented the proposed Budget for 1955-56, with
a recommendation for its adoption, and the Comptroller, Mr. Vincent Shea, appeared before the
Board by request of the Committee and presented a Budget Summary, which was ordered to be
filed with these minutes. Mr. Shea pointed out that increased fees, enrollment, gifts, and
appropriations make the estimated revenues for 1955-56 higher by nearly $450,000 than in the
current year, with increased expenditures devoted largely to salary increases and for several
additional positions in expanding departments. Total revenues are estimated at $7,022, 095, and
expenditures at $6,974,293, with a surplus of $48,612.
Upon motion of Judge Barksdale, the Board resolved to approve the Report of the Finance
Committee and to adopt the Budget as presented.
| Board of Visitors minutes June 10, 1955 | |