Word: fords
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Dates: during 1960-1969
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...Faculty of Arts and Sciences may run a $2.4 million operating deficit--the largest in its history--in 1968-69, Dean Ford reported at yesterday's Faculty meeting...
...Ford's budget report also showed that the Faculty had a surplus of more than $1 million for 1967-68, even though Ford had predicted a deficit last year...
...unexpected surplus last year, Ford said, came from "a better recovery than we had anticipated." But the 1968-69 budget will be much harder to rescue from its projected deficit than last year's was, he added...
...projected budget shows a drop of more than $1 million in Faculty income. Much of this will come from discontinued government grant programs, Ford said...
...projected $2.4 million deficit actually occurs, Ford said, the Faculty's "departmental balance" will not be enough to cover the deficit. The departmental balance is a reserve fund--of some $500,000--saved from Faculty surpluses, which can be used to make up any year's deficit. The last time the Faculty had a deficit-- one of $131,000 in 1966-67--the departmental balance was used to cover...