University of Virginia Library

THE BUDGET FOR THE FISCAL YEAR 1946-47:

President Newcomb presented the budget for 1946-47, carrying estimated revenues from all sources
of $4,429,812.00, and estimated expenditures of $4,340,876.00, with an estimated surplus of $88,936.00
after considerable time had been devoted to studying the various divisions and departments, it was
unanimously adopted.

On motion of Mr. Gay, it was RESOLVED, that beginning with July, 1946, monthly meetings of
the Board be held on the second Friday in each month, and that the secretary give one week's notice
to each member of the Board of such meeting.