Word: deficit
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Dates: during 1940-1949
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President Robert C. Seaver '50 revealed last night that the club has been in the red ever since its production of "The Survivors" in April, 1948. The University has declined to pay the deficit, but has insisted that HDC let an older man handle its money in the future...
Last fall the group presented "Amphitryon 38." It paid off most of the "Survivor" deficit, and went $5000 into debt on "Amphitryon...
Besides the graduate schools, library, and HAA, these deficit budgets were also incurred in veterans housing and administration, seven University museums, Memorial Church, the University Printing Office, and the Faculty Club...
This 1948-1949 excess of income over expenses was achieved only because of a $508,742 surplus accrued in the University's administrative offices. Acting like a holding company for its numerous departments, the University was able to accumulate this $508,742, and thus absorb the deficit budgets of some departments...
Despite these and other department losses listed in the report, the University as a whole last year had a favorable balance of $497,753, compared with 1947-1948's total deficit...