Word: budgets
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Dates: during 1990-1999
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...proposed that the administration submit an itemized budget to the entire Faculty for approval in the future...
...internal bank of sorts where Harvard requires its nine schools to deposit their working capital--a total of $1.676 billion in fiscal year '96. The central administration, in turn, invests the funds which are not immediately needed and uses these profits to cover about 47 percent of its budget, by far its largest income source...
About $32.3 million of the central administration's budget comes from direct assessments on the faculties--a fee equal to 6.75 percent of a given faculties' salaries and a portion of their research overhead--while $39 million comes from investment...
...report also questions the risk involved in investing the working capital of the University and asks how prudent it is to have 47 percent of the center's budget based upon this income source...
LONDON: So you're a mad scientist. You want your experiments to scare people the world over, but your budget is minuscule. Well, you could do a lot worse than cloning headless tadpoles...