Word: budgeting
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Dates: during 1960-1969
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Department budget officers attributed the 1969 losses and the projected 1970 deficit to a decline in government reimbursements for University expenditures on grants and contracts. Government payments dropped from $63.9 million in 1968 to $63.7 million in 1969-the first recent fiscal year in which reimbursements did not increase at least 14 per cent...
...Faculty deficit, the first since fiscal 1967, represents only 29 per cent of the losses originally anticipated by Dean Ford. It will be offset with funds from the departmental balance-an accumulation of previous surpluses. Ford declined to comment on the budget until Tuesday's Faculty meeting, when the complete Financial Report will be released...
...Report reveals that 15 of 38 budgetary departments were in the red for the year ending last June 30. Next to the Faculty, the University Account-the Administration budget-and the Houses...
Currently, M. I. T. leads the nation's universities in Defense Department research. The Instrumentation Laboratory alone receives about $27 million. (half its yearly budget) from the Pentagon, and has recently been criticized for its contribution to the Navy's Polaris and Poscidon missile guidance units...
...many places costs $4 billion a year, Tully estimates, and involves 60,000 people. The CIA is not even the largest (or most expensive) spy shop, according to Tully. That honor falls to the National Security Agency, which takes care of both making and breaking cryptology codes on a budget twice that of the CIA's. Why is so much effort necessary? Tully is not sure that it is. Even if it is accepted that the U.S. should secret-police the world, there is obviously much wasteful duplication among the agencies. Tully's popularly aimed book is hardly...