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Caption: Board of Trustees Minutes - 1926
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I92S] UNIVERSITY OF ILLINOIS 3I3 THE BUDGET FOR 1925-26 (40) The budget for the year beginning July 1, 1925, with a statement explaining the methods and principles followed in making up the budget; I recommend that the budget be approved and that the President of the University be authorized to make such minor changes and adjustments as m a y be necessary, to make necessary additional appointments in accordance with the general salary scale, and to accept resignations which m a y be presented. Explanatory Notes Departmental appropriations are made under the captions "Salaries" and "Expense and Equipment." Unless otherwise indicated, no transfers may be made between these appropriation captions except with the approval of the President of the University. Appropriations for Expense and Equipment are based on an estimated distribution of expenditures according to the various budget classifications of "Wages, Office Expense, etc." Expenditures must be made in approximate accord with that distribution, material departure from which must be approved in advance by the Dean of the College concerned, the Director of the general department concerned, or the corresponding general officer, and in all cases by the Comptroller. Appropriations for special equipment are made in total to the college unless otherwise indicated and may be expended only on the order of the Dean of the College and for expenditures exceeding $500, the approval of the President. All such requisitions, however, should be sent to the Comptroller. ESTIMATED BUDGET INCOME I. State Appropriations for Operation, Maintenance, and Equipment Salaries and Wages $3,050,000.00 Office Expense 140,000.00 Travel 40,000.00 II. State Appropriation for Cook County Experiment 460,000.00 Operation Station Repairs (Agriculture) 150,000.00 III. Federal Grants Equipment 290,000.00 Interest on Endowment Fund (Land Grant of 110,000.00 Improvements other than Buildings 1862, paid by State) $ 32,450.66 Morrill and Nelson Acts 50,000.00 Hatch and A d a m s Act (Agriculture) 30,000.00 Smith-Hughes Act (State Board of Vocational Education) 15,000.00 Smith-Lever (Agriculture) 128,495.98 Purnell Act (Agriculture) (New) 20,000.00 IV. Student Fees V. McKinley Endowment (Economics) Total Estimated Budget Income VI. Miscellaneous Income Proposed VII. Agricultural Sales Appropriations Balance for Reserve and Contingencies $ 15,000.00 $4,250,000.00 $ 375,946.64 $ 700,000.00 $6,400.00 % 5,666,876.64 $70,000.00 $ 5,519,129.98 % 259,530-00 $ 137,746.66
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