 | Board of Visitors minutes June 16, 1956 |  |
BUDGET FOR 1956-1957 ADOPTED
Copies of the proposed Budget for 1956-1957 having been laid before the Board by the
Finance Committee, the Comptroller presented a Budget Summary, which was ordered to be filed
with these minutes. Mr. Shea pointed out that increased enrollments, rental fees, appropriations,
and gifts make the estimated revenues for the year 1956-57 higher by about $700,000 than the
revenues for the current year, with increased expenditures devoted largely to filling vacant and
new teaching positions in expanding departments. Total revenues are estimated at $7,932,960, and
expenditures at $7,823,290, with a surplus of $109,670.
After discussion the Board resolved to adopted the Budget for 1956-57 as presented.
| Board of Visitors minutes June 16, 1956 | |