University of Virginia Library

ADOPTION OF 1962-1963 UNIVERSITY BUDGET

The Chairman of the Finance Committee, Mr. Blanton, submitted for the Board's consideration
the proposed 1962-1963 University Budget, copies of which had previously been mailed to each member
of the Board. Mr. Blanton reported that the Finance Committee had met with the President and the
Comptroller on 18 May 1962 for a detailed review of the proposed budget and that the Finance
Committee, at the conclusion of its meeting, had unanimously approved the budget as recommended.
Following a discussion, Mr. Blanton proposed and the Board adopted the following resolution

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia that
the proposed 1962-1963 University Budget as recommended by the President and as approved by the
Finance Committee be and it is hereby approved