Word: fiscal
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...fiscal year, Harvard’s endowment decreased 26 percent—roughly 11 billion dollars—due to the national market crash in the fall...
...also dwarfed by that of several Harvard Management Company employees, of whom the highest paid took home more than $6.3 million in 2008. HMC reported pay data for 2008 yesterday that it had already released, citing a change in IRS rules that required reporting by calendar rather than fiscal year...
Smith told the Faculty that he hopes to balance FAS’ budget by the fiscal year that ends in 2012. Further cuts and the FAS reserves will cover the gap in the meantime, he added...
...Smith said that the school faces financial hurdles ahead, in the form of a greater demand on its financial aid program, a slightly larger incoming class at the Graduate School of Arts and Sciences, and building plans that have been put on hold in light of the bleak fiscal climate...
...Despite already reducing the projected budget deficit for the coming fiscal year by more than $100 million, [FAS Dean Michael D. Smith] has indicated that we still have much more to accomplish,” Neal wrote. “Sharing administrative services more broadly across departments is one area under consideration...