SECRETARY HYDE and the chiefs of the Department of Agriculture report that out of the appropriations available for expenditure by the Department during the fiscal year ending this month, together with unexpended balances carried forward from last year, they have during the year saved about $11 million by economies throughout the various divisions. Considerable unexpended balances will be carried forward into the next fiscal year beginning July 1 to cover obligations and contracts entered into.
Of the appropriations for this next year and these balances, it is expected that about $20 million will be saved during the next year.
Herbert Hoover, White House Statement on the Expenditures of the Department of Agriculture. Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/211016