University of Virginia Library

ADOPTION OF THE BUDGET:

The financial budget for the year 1947-48 was presented by the President and following right careful study
by the members of the Board, same was adopted, carrying estimated revenues for the University and the
Hospital of $5,114,982.00, with estimated expenditures therefor of $5,027,250.17, leaving an estimated
surplus of $87,731.83, except the salary of W. Allan Perkins, attorney for the University, was raised from
$600.00 per year to $1,200.00.