Word: surplus
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...financial situation, which was already in a “very strong position” before the gift. Through projects with several groups—including the South African government and the World Bank—the center has been able to consolidate its budget and create a surplus for this year, according to Hausmann. The CID was founded in 1998 by the Harvard Institute for International Development and the Kennedy School, to “serve as Harvard’s primary center for research on sustainable international development,” according to CID’s website...
Last fiscal year, the school recorded a surplus of $3.6 million, a threefold increase from the 2004 surplus...
...don’t expect it to be large, but we hope that we can have a healthy surplus again,” Ellwood said...
...said last year’s surplus was the result of both good management and a number of events, including an unusually high yield of students accepting admission. He said the slightly higher class size did not affect academic quality, and brought in more revenue...
...with last year’s surplus, the Kennedy School was able to begin refilling its coffers...