| OCR Text |
Show 189 ends June 30: 1955., The Governor had requested TO DISCUSS 6 . , . WITH GOVERNOR that all state departments participate in meeting thelr LEE FINANCIAL share of the State's estimated over-all deficit, In the PICTURE FOR BALANCE case of the University, the Governor had indicated the ngNNIUM necessity of an 8% cut in the annual appropriation, which would amount to approximately $250, 000, Some time was taken in explaining and discussing a financial statement which had been prepared projecting the financial condition of the University at the close of the present bienniu mi Deficiency ~ 1953-64 Operations Revenue Deficiency 1954-55 $103, 009.; 00 ., 2167,,130t)° 00 8% Reduction in Legislative Appropriations: . {7 General Administration $218, 000. 00 College of Medicine ‘ 31, 000. 00 2495, 000,, 00 $619, 000., 00 Present Balance in Restricted Funds (Uniform School Fund) . $468, 000. 00 1954-55 Estimated Income to Restricted Account (Uniform School Fund) 2503 000, 00 Required for 1954-55 Operations from Uniform SChOOl Fund $7183 000° 00 150», 000, 00 563, at Estimated Deficiency $ 51; 01,5 m Items that have not been included in above statement that - must be considered; $164, 000, 00 in Boekstore and Stores and Receiving Inventories pending court decision of declaratory judgment». Social Security and State Employees Retirement Funds: 1954-55 Social Security 1954-55 State Employees Retirement 3; . 1953-54 State Employees Retirer-a-nm 94' 009‘, 00 193, 009‘ 00. 197godfiffifi in i |
