University of Virginia Library

INTERCOLLEGIATE ATHLETICS, RECEIPTS AND DISBURSEMENTS

Mr. Talbott, Chairman of the Athletics Committee, led a discussion of the Report on
Receipts and Disbursements, Intercollegiate Athletics, for the year beginning on 1 July 1953,
and ending on 30 June 1954, copies of which had been laid before the Board. Mr. Talbott called
attention to an excess of $11,000 in disbursements over receipts, a deficit resulting from a
poor football year, in which receipts were low, and paid from the surplus of the preceding year

The Secretary was ordered to submit the original and two copies of this Report to the
Director of the Budget, in Richmond, prior to December 31st, as required by law, and to file a
copy with the minutes of this meeting.