In addition, the report dismissed the significance of the financial constraints of ROTC students, citing the College's "need-based financial aid policy."

"It is Harvard College's responsibility that any student who is accepted should not be forced to decline the offer for financial reasons," said the report.

The third subcommittee, headed by Daniel H. Tabak '92, failed to produce its report last night due to a computer failure, Tabak said.

He said his report calls for the elimination of the ROTC program while also establishing an aid program to provide surrogate financial benefits in place of ROTC.

In other business, council Chair David A. Aronberg '93 revealed the details of an unprecedented audit he and Treasurer April Osborg '92 performed on the council's finances.

"In the past, no one--even the treasurer--has known exactly how much is in our accounts," said Aronberg.

The council's net liquid assets total about $164,000, in six separate accounts at Baybank and Holyoke Center, he said.

Aronberg announced the allocation of a reserve fund of $2500--as promised in his fall campaign.

"The creation of the fund will remove the stigma that the council cannot afford major projects," Aronberg said.

"In previous years, the council has been afraid of overextending itself, because it did not know how much we actually had in the bank," Aronberg continued. "Now, I hope that wouldn't be a problem.