59 Annual Budget
en l BE ~~Ar-h Ar1 7~~~~~~~ ' XIr B Y ~~~~~~· NEWSPAPER OF THE UNDERGRADUATES OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY VOL.I LXXVIII NO. 48 CAMBRIDGE, MASSACHUSETTS, FRDAY, DECEMBER 5, 1958 5 CENTS theI importance of being nobody ... I A ctivities T o Get 846 631 For 1958- 59TeAnnual Budget A budget totaling $46,631 has been awarded the MIT Undergraduate Association for the year 1958-1959. Approved last month by the Finance Board, the new budget showed increased allotments to activities to the tune of $7,000 over last year's expenditures. The overall allotment to the Association is slightly lower than last year, however, due to a decrease in the number of undergraduate students this year, each of whom contributes $13 as part of his general fee. Yet despite this decrease in total allotments, a reserve fund has been substantially supplemented so as to meet rising costs and infiationary trends, since the $13 donation per student will continue in effect despite spiralling prices. $23,930 Awarded Activities Activities were awarded a total of $23,930. Of these, Technology Community Association received $11,000; Insti- tute Committee and its various sub-committees received $14,180; while$9,500 went into reserves for various purposes, such as travel funds and capital equipment purchases. Activities had requested $42,374, but found themselves with $4,264 trimmed off by the Finance Boalrd. The board, after careful consideration in each case, grants monies to activities on the basis of their operation's benefit to the MIT ie.e,e. cummings (he spells it that way!) reading his highly confroversial poetry to a nearly community as a whole, according to Chuck Staples '59, Chairman.
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