Repository: UIHistories Project: Board of Trustees Minutes - 1896 [PAGE 41]

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44

UNIVERSITY O F ILLINOIS.

The Committee also recommends that assignments be made of tile fundfe of the State Laboratory of Natural History, as follows:. For the quarter ending* December 31, 189

For field work, office, and incidental expenses-. For salaries and assistance

$375

875

Respectfully submitted,

ALEX. MCLEAN.. J. E. ARMSTRONG,,

Finance

Committee.

URBANA, I I I . , . December 6^1894.

To the Board of Trustees of the University of Illinois. GENTLEMEN: Your Committee on Finance recommends that the Treasurer be instructed to transfer to the endowment fund $5,009 of the Kankakee County bonds held as part of the general fund, reimbursing the general fund therefor by transferring- $5,000 cash from the endowment fund to the general fund. Respectfully submitted,

ALEX MCLEAN. J.. El ARMSTRONG,

Finance

Committee.

URBA^XA,. lLL. r December 6, 1894. To the Board of Trustees of the University of Illinois.. GENTLEMEN: Your Finance Committee reports that it has examined the report of the Treasurer, Mr. C. W. Spalding-, which, report is made a part of this report, and finds the following balances on hand Nov.. 30, 1894:

State appropriations— C u r r e n t fund E n g i n e e r i n g Hall O t h e r appropriations General fund U. S. fund : E n d o w m e n t fund U. S. E x p e r i m e n t station fund E x p e r i m e n t Station, farm account.. ; ! \

$33,838 41 44,964 66

8,775 26 1,996 29 16,463 92 36,219 50 2,886 55 790 18

Your Committee recommends that the Treasurer be requested to invest immediately of the above balance of the endowment fund not less than $20,000 in good and sufficient lawful bonds, and that any premium necessary to the purchase of said bonds be paid out of current funds not otherwise appropriated; provided, however, that the bonds shall not cost such a sum as to net less than 4 per cent, interest. Re spec tf ully submitted,

ALEX MCLEAN, J. E.„ ARMSTRONG,.

Finance

Committee.