 | Board of Visitors minutes June 13, 1959 |  |
ADOPTION OF 1959-1960 UNIVERSITY BUDGET
Copies of the proposed budget for 1959-1960 having been previously mailed to the Visitors,
the Comptroller of the University, at the request of the Chairman of the Finance Committee,
appeared before the Board and presented a Budget Summary, a copy of which was ordered to be filed
with the minutes. Mr. Shea pointed out that the estimated revenues for the year 1959-1960 were
only $37,000 above the revenues for the current year. The estimated expenditures call for an
increase of $422,000. Mr. Shea estimated the total revenues for the fiscal year 1959-1960 at
$10,348,917, and expenditures at $10,267,122, with an estimated surplus of $81,795.
After discussion, the Board resolved to approve and adopt the budget for 1959-1960 as
presented.
| Board of Visitors minutes June 13, 1959 | |