Repository: UIHistories Project: Board of Trustees Minutes - 1946 [PAGE 7]

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BOARD OF TRUSTEES

[July 17

tion of the Athletic Association and the School of Physical Education, their interest in the project was entirely from the point of view of intercollegiate athletics, for the purposes of our own student body. A f t e r full discussion, and on motion of M r . Jensen, the entire matter was referred to the President of the University for study and recommendation on the health and physical education and athletics program.

MATTERS PRESENTED BY PRESIDENT WILLARD

T h e Board considered the following matter presented by the President of the University.

BUDGET OF ATHLETIC ASSOCIATION

The Director of Intercollegiate Athletics submits on behalf of the Board of Directors of the Athletic Association the proposed budget of the Association for 1944-1945. The budget is summarized as follows with comparative figures for the preceding year: 1043-1044 1943-1944 Actual 1944-IQ45 Income: Estimates {Unaudited) Proposed Football ?i44 330 $ 94 775 S150 250 Coupon books 30 000 9 525 10 000 Other sources 46 455 31 839 33 800 Total $220 785 3136 139 3194 050 Expenditures: Regular operations $220 195 $150 010 $188 359 Special items 5 100 Total £220 195 #155 n o ?i88 359 Excess of income over expenditure S590 $ —18 971 $ 5691 At the beginning of the year the Association had a net operating balance of $60,763.60. At the close of the year, after allowing for increments from nonrevenue sources, for special appropriations and reserves, this surplus amounted to $41,793 (subject to audit). In addition the Association had a reserve of $32,000 for plant maintenance and replacement. The budget has been reviewed in detail by the Comptroller. All salaries have been reviewed by the President, and those paid jointly by the Athletic Association and the School of Physical Education are concurred in by Director Staley. I recommend that this budget be approved and that the President of the University be authorized to make such changes and adjustments as are necessary, including new appointments and acceptance of resignations, as recommended by the Board of Directors of the Athletic Association, within the total estimated income. T h e Comptroller presented this budget, and commented thereon. O n motion of M r . McKelvey, this budget was approved, and authority was granted to the President of the University as recommended, by the following vote: Aye, Mr. Davis, Mr. Fornof, M r . Jensen, M r . Livingston, Mr. McKelvey, Dr. M e y e r ; no, n o n e ; absent, M r . Green, M r s . Grigsby, M r . K a r r a k e r , Dr. Luken, M r . Nickell. After an informal discussion of matters pertaining to the internal budget for 1944-1945, the Board recessed until noon on Tuesday, July 18, 1944. A D J O U R N E D S E S S I O N , J U L Y 18, 1944 W h e n the Board convened at noon on Tuesday, July 18, 1944, the following members were present: President Livingston, M r . Davis, M r . Fornof, Mr. Jensen, M r . McKelvey. T h e Board recessed until 3:30 p.m.