 | Board of Visitors minutes June 7, 1957 |  |
BUDGET FOR 1957-1958 ADOPTED
Copies of the proposed Budget for 1957-58 having been laid before the Board by
the Finance Committee, the Comptroller appeared before the Board and presented a
Budget Summary, which was ordered to be filed with these minutes. Mr. Shea pointed
out that increased enrollments, rental and tuition fees, and gifts and grants
would more than offset a reduced State appropriation, making the estimated
revenues for 1957-58 higher by $462,000 than the revenues for the current year.
Increased expenditures are proposed chiefly for filling vacant and new positions,
to take care of increased enrollment of students, and for increased faculty
salaries. Total revenues are estimated at $8,647,000, and expenditures at
$8,544,000, with an anticipated surplus of at least $103,000
After discussion the Board resolved to adopt the Budget for 1957-58 as
presented.
| Board of Visitors minutes June 7, 1957 | |