Word: budgets
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Dates: during 1990-1999
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Huidekoper gives a small now-and-then example. Now a department at Harvard can buy a $500,000 computer and report the entire expense, which could, for instance, offset a budget surplus. After the new systems are in place, all of Harvard's tubs will use generally accepted accounting practices. With the computer, the department would then be required to spread its cost out over the years it will be used...
While creating this report, the center also began forming three-year budget projections. Before this year, the budget was planned from year to year...
Both the report and the new budget planning process reflect an effort by the center to be more accountable to the schools as well as more clear with itself about its objectives...
...once today?s party ends, Athens will confront the Herculean challenge of financing the preparations for the Olympiad at the same time as the country undertakes austerity measures necessary to qualify for European Monetary Union. ?The organizers have adopted a Spartan $1.7 billion budget, saying they reject the over-commercialization of the Games,? says Carassava. ?But it remains to be seen whether they?ll manage to stay within that budget and not add to the burden of an already cash-strapped city.? Because as many previous host cities can testify, from a financial angle hosting the Games can be something...
...discouraging to see President Clinton and both parties beating their chests about balancing the budget when all they have done is put off the real task of cutting government spending to a manageable level. The financial threat to Medicare and Social Security is looming on the horizon, but all the politicos can focus on is getting re-elected. Term limits are the only answer. ERNEST J. ALLEN Dunnellon...