|
| |
Caption: Board of Trustees Minutes - 1972 This is a reduced-resolution page image for fast online browsing.
![](https://uihistories.library.illinois.edu/REPOSITORYCACHE/50/OBs6DuoIW70tdQ0M3dhBoe6I6b06wif0XR4LXG3Ah6dJ4TpoiEJ6v7da6648Sv8t7wxrVHb3MtGbyuLY74tB6K03gtwuzIysFN7yjX63p4dx6_801-351.jpg)
EXTRACTED TEXT FROM PAGE:
342 BOARD OF TRUSTEES [July 21 mendations of the Board of Higher Education, and for S.B. 717 as passed by the General Assembly. Schedule A. Comparison of F Y 1971 Appropriations with F Y 1972 Appropriations A s Recommended by the Board of H i g h e r Education, A s P a s s e d by the General Assembly, and A s Approved by the Governor Purpose and Source of Funds Operations Regular Operations General Revenue $159 661 233 $172 041 877 $164 027 672 $152 900 000 University Income 18 218 100 27 290 000 22 900 000 22 900 000 Agricultural Premium Fund 1 021 700 1 166 719 1 161 129 1 161 129 Subtotal ($178 901 033) ($200 498 596) ($188 088 801) ($176 961 129) Retirement Contributions General Revenue 7 391 323 24 307 000 7 586 665 5 258 200 Agricultural Premium Fund 83 500 106 731 32 176 22 300 Subtotal ($ 7 474 823) ($ 24 413 731) ($ 7 618 841) ($ 5 280 500) Total, Operations $186 375 856 $224 912 327 $195 707 642 $182 241629 JBA Rentals (General Revenue) Previously Authorized $ 8 990 150 $ 14 137 915 $ 14 137 915 $ 14 137 915 New Authorizations 5 159 240 3 529 830 1 623 740 1 623 740 Total. IBA Rentals $ 14 149 390 $ 17 667 745 $ 15 761 655 $ 15 761 6SS Capital Improvements (General Revenue) Reappropriations $ 19 392 382 $ 12 441 300 $ 12 441 300 $ 9 561 149 New Appropriations 1 761 97S 31 449 150 6 143 750 6 143 750 Total, Capital Improvements $ 21 154 357 $ 43 890 450 $ 18 585 050 $ 15 704 899 Grand Total General Revenue $202 356 303 $2S7 907 072 $205 961 042 $189 624 754 University Income 18 218 100 27 290 000 22 900 000 22 900 000 Agricultural Premium Fund 1 105 200 1 273 450 1 193 305 1 183 429 Total $221 679 603 $286 470 522 $230 054 347 $213 708 183 FY 1971 Appropriations FY 1972 Appropriations (S.B. 717) Passed by the Recommended General Approved by by the BHB Assembly the Governor I. II. III. IV. Capita! Funds The amounts approved by the Governor for I B A rentals (old and new, $15,761,655) and for new general-revenue capital improvements ($6,143,750) are identical to corresponding figures in S.B. 717 as passed by the General Assembly. In the case of capital reappropriations (unexpended F Y 1971 funds), the Governor's figure of $9,561,149 is lower than the General Assembly's earlier total of $12,441,300; but the reduction per se does not represent a real "cut" in support for the University — for two reasons: (a) the actual unexpended balance as of July 1, 1971, was lower than had been estimated earlier; (b) the University requested that the balance be reduced further by the Governor, in lieu of a planned reduction in funds for operations. (The additional funds for operations were sought and granted for expansion in the health fields.) Funds for Operations Schedule A shows that the overall amount appropriated for operations (including retirement contributions) in F Y 1972 now stands at $182,241,629 — which is lower by $4,134,227 than the corresponding total of $186,375,856 for F Y 1971. But this net reduction consists of two components: (a) a decrease of $1,939,904 below the F Y 1971 amount for regular operations; (b) a decrease of $2,194,323 in funds for retirement contributions, Regular operations for FY 1972. If the amount appropriated for regular operations in F Y 1971 be taken as a base ($178,901,033), then the F Y 1972 figure of $176,961,129 represents a reduction of $1,939,904. But the total for F Y 1972 is the net resultant of two actions by the Governor relative to the F Y 1971 base: (a) the addition of $2.0 million for expansion in the health fields; (b) a reduction of $3.9 million in general revenue which he suggested should be offset through additional income to be derived from higher tuition rates. Retirement contributions. The Governor reduced the funds approved by the
| |