The H. A. A. Report

A decrease of $324,456.65 in gross receipts as compared to the fiscal year ended June 30, 1932, and a deficit of $57,064.78 for the fiscal year ended June 30, 1933 was shown in the financial report of the H.A.A., announced yesterday by Henry L. Shattuck '01, Treasurer of Harvard College.

Not receipts for the Varsity football team, with guarantees paid to visiting teams deducted, were $321,029.50, and the expenses $85,323.79, as compared to net receipts of $483,756.98, and expenses of $110,776.97 for 1931-32. Football was again the only sport to show an excess of income over expenses. Crew cost $19,282.50 for transportation, equipment, etc., and paid $479.17 excess of guarantees to visiting crews over an apparently zero income. Hockey came out with a loss slightly under $5,000 and baseball with a deficit of almost $10,000, while track cost about $14,000 after deducting income.

By virtue of a $16,230.57 surplus carried over from 1931-32, and a $5,000 gift on account for the maintenance of the Indoor Athletic Building, the actual deficit in the books of the University amounts to slightly less than $36,000.