H.A.A. Has Surplus for Fiscal Year on Big Cut in Expenses

Complete statistion of expenses and receipts of the H. A. A. in 1934-35 are printed on page four. These include comparative figures for the year 1933-34.

For the first time in three years the H.A.A. has climbed out of the red, recording a surplus of $2,300 for the college year 1934-35.

The annual report of Henry L, Shattuck '01, treasurer, released yesterday, shows that the H. A. A. hasn't been in the black since 1931-32, when a profit of $36,700 was made in all departments. The year ending June 30, 1933, is remembered for a deficit of $57,000, and last year improved but slightly on this with a deficit of $33,000.

Receipts $554,000

Receipts for this year amounted to $554,000. Although this was a good $46,000 below the receipts of the previous year, the expenditures were reduced nearly $82,000, making an excess of $36,000 above that of 1933-34.

$67,000 of this decrease was brought about by reducing the guarantees paid to visiting teams to $154,000. Further gains were registered in football. Football receipts increased $26,000 to the amount of $291,500, while expenses in this field were $76,000, an increase of only $10,000.

Severe Economies

The severe economics begun by the Athletic Association in 1933-34 were continued. All sport teams except football reduced their costs, and all five major sport teams increased their income.

The H.A.A. News has hitherto been listed under "Administrative and Other Expenses". Last year it was separated and showed a profit of over $2,000.

The football team showed receipts of $291,465.32 with expense running $75,738.01. This show an increase from the previous year of $25,966.93 in receipts, with an increase in expense of about $10,000.

The baseball team, with expenses of $16,753.15 showed a loss of about $8,614.55 which battered last year's record by $2,000 when the team lost about $10,000.

Crew was a heavy loser, with not receipts of only $18.35 and expenses of $17,849.76. Track lost about $12,000, hockey about $6,000.

Minor sport teams and the physical education department cost a total of $81,639.99 as the heaviest expenses of the year