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...Smith wrote in his report that the “positive results from [Fiscal Year] ’09 allow us more time to implement...strategies so that we can bring our finances back into balance...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Reports Windfall Surplus | 10/26/2009 | See Source »

...report, Smith wrote that the administration should avoid spending all of the surplus accrued over the last fiscal year, and stressed the importance of aggressive fundraising, especially for unrestricted, current-use funds. He also reiterated what has become a continual note of caution—that FAS should be careful to only hire faculty and staff with the assurance of long-term funding...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Reports Windfall Surplus | 10/26/2009 | See Source »

...reminded daily of how enviable our intellectual resources are. These resources demand an intensified commitment to...a better understanding of our academic identity,” Smith wrote in the report. “Like a bridle for Pegasus, the result of such commitment will help us harness our financial and administrative resources to better serve our academic mission...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Reports Windfall Surplus | 10/26/2009 | See Source »

...Dean’s Annual Report completes FAS’ official financial records from Feb. 2008—the endpoint of the last report—through June 2009. Instead of releasing the Annual Report nine months or more after the end of a fiscal year, Smith said he will now publish the report every October to detail the most recently closed fiscal year...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Reports Windfall Surplus | 10/26/2009 | See Source »

...impending financial deficit, FAS Dean Michael D. Smith delivered the news Friday that the school had posted a $58.6 million surplus in its unrestricted funds for the fiscal year that ended June 2009. The figure, released Friday in Smith’s Dean’s Annual Report, was balanced by a consistent emphasis that most of the gains were “the result of one-time events,” and that, as expected, much still has to be done to close a remaining $110 million deficit. Still, Smith noted that FAS received about $33 million in unrestricted...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Reports Surplus, Stresses Continuing Deficit Threat | 10/26/2009 | See Source »

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