Abstract
THE INSTITUTE, like any other big family, has its budgetary problems, and these problems affect all of the Institute's operations and the services it is able to give to the rapidly increasing membership. During the past few years your Institute has moved gradually from a condition of being comfortably in the black to a situation where it has become very difficult to keep expenses within income. You will be interested in the Finance Committee's report on pages 1050–51, which shows that, as a result of careful administration, the 1949–50 operations came very close to the balance point. Figure 1 shows the distribution of income and expenditures for the fiscal year ending April 30, 1950, and Table I shows these items calculated on a per-member basis.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call