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Although the FAS budgeted almost $10 millionmore than last year, University financiers "cutover $2 million" from the Faculty's coffers, saidRotner. A deficit in unrestricted funds, moneythat can be spent right away, led the budgetoffice to trim down requests for funding, saidCorvey...
While more than two-thirds of the budget isunrestricted, $51.6 million is limited bydonations that trickle in over time or donorstipulations on how the money is to be spent, saidCorvey. This amount runs a $4.9 million surplus,compared to the unrestricted fund's $600,000deficit...