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approximate allotments to each college and auxiliary agency.

      "3. The President then allots X dollars to each college
and the several auxiliary agencies.   Then the Deans are re-
quested to appropriate to each department that sum of money
which will be required to discharge its responsibilities.

     "4. The Deans hold conferences with heads of the depart-
ments of their colleges and they prepare the departmental
budgets for the same,

     "5. After each dean has prepared the budget for his
college he meets with the President, the Vice President and
the Comptroller where his budget is re-examined and evaluated
in terms of the total budget of the University.

     "6. When these college budgets have been prepared and
approved by the President, they are turned over to the
Comptroller.   The Comptroller and his staff then prepare the
document which is before you.

     "Many hundreds of hours of conscientious work go into the
preparation of a budget for the University.

     "This budget calls for the expenditure of approximately
the same amount of money as we are expending during the current
year.   This has been made possible only because (1) the
Governor recommended $646 738.50 more from state funds than
we received last year; (25 student fees have been increased,
effective September 1, which will amount to a considerable
sum of money; and (3) by the practice of every economy pos-
sible during the current year, and by reason of the fact that
we had approximately three hundred more veterans during the
current year than we had anticipated, we will have a balance
of $466,931.69 for the division of colleges at the end of
this year.   The total of these sums will offset the million
dollars we have anticipated losing as a result of the decline
in the enrollment of veterans.

     "The present budget does not anticipate the University
expanding any of its departments or adding new departments
that are so often requested by citizens of the state, or
expanding the services of its departments already establish-
ed. During the eleven years I have been president, this
institution has established only one new college, which was
in reality already in existence and should more appropriately
be said to have been annexed to the University.    This was
the College of Pharmacy located in Louisville, which has
paid much of its own cost since becoming a college of this
institution.   Two new departments, one in geography and
the other in radio arts, were established.    These constitute
the only expansion of the University during the past decade.
Most universities, both private and public, have during