Word: expendituresã
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These questions became particularly relevant during last spring’s budgetary frenzy, when units across FAS found themselves re-examining their expenditures??ranging from cookies to staffing—and University Hall found itself searching for ways to rationalize the existence of separate units...
...public trust, to hold to what we said we will do.” The approved budget—which allots approximately $103 million to employee salaries and wages, $26 million to other ordinary maintenance costs, $1.4 million to travel and training expenses, and $3.3 million for extraordinary expenditures??has been forwarded to the city council for review. —Staff writer Michelle L. Quach can be reached at mquach@fas.harvard.edu...
...addressing how much of the system’s money reaches the classroom, committee member Joseph G. Grassi said that 82 percent of all funds are spent on instruction. And when asked whether the schools are making good use of their $23,000 in per pupil expenditures??more than double the state average—Grassi boasted that the district chooses to make free many programs that other districts do not, such as all-day kindergarten, busing, and sports...
...Knowles told professors in a 24-page letter that FAS will be "house-poor"—cash-strapped because its wealth is tied up in recent facilities expenditures??"for quite a while...
Critics of University endowment policy are told that Harvard’s financial planners keep the goal of consistent payouts foremost in their minds when devising the University’s payout scheme. The University is also saving for large, looming expenditures??massive expansion across the Charles River and the high cost of the once-in-a-generation Harvard College Curricular Review now underway. The former will require a brand-new campus in Allston, the latter a much expanded Faculty. So consistently large payouts now are tougher than the size of the endowment might suggest...