Word: fords
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Dates: during 1960-1969
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...looking for dull reading, Dean Ford's annual Faculty budget report is usually a good bet. Although the budget plays a big role in deciding such vital matters as tuition hikes and course offerings, few undergraduates ever see it. Fewer still would read it if they could see it full of mind-numbing statistics and confusing classifications, the report is rough going for students who aren't skilled in bookkeeping...
...report's readability is also cut down by its inherent inaccuracy. Last Fall, Ford warned that the Faculty would run a $1.7 million deficit in 1967-68. By the time the expenses had been toted up, however, the loss had changed to a profit of more than $1 million. That dramatic a shift is unusual, but every year's budget ends up looking better in June than it had when predicted in October, because Ford is intentionally liberal in estimating costs and conservative in predicting income...
...even if this year's budget doesn't end with a gigantic $2.4 million deficit that Ford predicted last month, it seems sure that the 1968-69 budget will have one of the biggest deficits in history. The basic reasons are simple enough: income is down and expenses are up. The rise in expenses surprised nobody, but the extent of their increase and the simultaneous drop in income make this year's trend unusual and disturbing...
...Ford predicts a total expense of more than $45 million this year--more than twice the 1958-59 expense and an increase of 8 per cent over last year. However, since several expense items--most notably the athletic budget and the administrative costs for travel and office expenses--are staying constant or falling, there are a few areas that will rise much more sharply than the over-all 8 per cent. Ford's budget points out a few of the swelling costs: *Salaries for corporation appointees--professors and teaching fellows--will rise 10 per cent, to $13.9 million...
...BIGGEST jump, of course, is in salaries for corporation appointees. Part of the projected increase is illusory; Dean Ford always budgets salaries for every conceivable faculty post, but several departments never fill all their positions. Still, a good part of the $1.2 million rise--from $12.7 million last year to $13.9 million this year--is real, and seems to foreshadow an even larger growth next year...