Repository: UIHistories Project: Student Regulations - Undergraduates - 1930 [PAGE 33]

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termined by the Board provided^ that, the price of tickets to Se used by students shall be lower than that for tickets to be used by others. The business manager shall be required to present to the Hoard for approval a budget of the estimated income and expense for the year. In this budget it shall be required that the total amount to be expended for attractions be not less than sixty^five per cent of the gross income. All contracts for attractions must be approved by the Board before being executed by the manager. ct (J f (9) Complimentary Tickets ; ; A maximum list of fifty complimentary tickets shall be allowed to be distributed by the Board. (10) Surplus Any surplus remaining .from each year's Course shall be set aside as a sinking fund as a reserve against future losses or for the development of the Course, or for the support of other literary and musical activities and attractions on the campus. (11> Property and Equipment From each year's income an amount may be set aside as necessary for the purchase of permanent equipment for the use of the Star Course. The Board of Advisers shall be the custodian of such equipment and shall be responsible for its care and use. I* W* (12) Accounts and Records A complete set of accounts in the form prescribed by the Board of Advisers shall be kept by the manager for each year's Course, together with the files of correspondence and other data pertaining to the Course. '^ (13) Receipts ^ ^ ^ ^ ^ ^ ^ The sale of tickets shall be handled under the ,dtrection of the Bursar in the Business Office of the University. All receipts must be deposited in full. (14) Disbursements Disbursements may be made only by voucher check drawn by the manager as stipulated by the Board of Advisers and countersigned by the Chairman of the Board. (15) Reports and Audits The business manager shall be required to prepare such reports as are indicated by the Board of Advisers and to submit his accounts and records for audit as directed by it. The business manager shall prepare a complete report of the income and ex* pensc of the Course which, after being properly audited, shall be presented to tin* respective literary societies and transmitted to the Council of Admtni* t r a t i o n ^ 35