Repository: UIHistories Project: Board of Trustees Minutes - 1906 [PAGE 126]

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100

UNIVERSITY OF ILLINOIS.

[June 23

PAPERS SUBMITTED BY PRESIDENT JAMES.

1. That the budget of the Medical College, as presented at the last meeting, be accepted and approved, with the condition that further expenditure may be required of the college authorities in such departments as may stand in need of improvement, and to enable such expenditure to be made when needed, the surplus indicated in the budget shall not be divided between the University and the College of Physicians and Surgeons until further notice and express permission of the Board to that effect.

Approved.

2. That the budget of the School of Pharmacy for the coming year, as herewith presented, be approved, and that the same conditions of employment be tendered to the Faculty for the academic year 1905-6 as for the year 1904-5. SCHOOL, OF PHARMACY.

CHICAGO, ^"une 17, 1905.

President Edmund J. James, University of Illinois: DEAR SIR—I enclose herewith several statements containing the information that you asked me to furnish. In order to make these more intelligible I have begun with a statement for the last year of the school in the old building on State street. Financially, this was the best year the school has had since joining the University, there being a surplus at the end of the year amounting to about $2,500. This good showing was due in part to a large attendance, 186 students being enrolled, and in part to the advantageous arrangement with the Dearborn Medical College, which netted us about $1,200, after allowing for the increase in expenses caused by their tenancy. (Statement A.) We had realized, however, that neither the building nor location on State street were desirable, and sharing the quarters with the Dearborn College made the inadequacy still more apparent. Then, too, the landlord refused to give a lease for more than a year at a time, except for a considerably increased rental. So, when the opportunity for getting the present quarters came, we were strongly in favor of making the move. At the time when it was decided to move, it was not expected that the school would be able to meet the expense of moving and equipping the new quarters from its current income, so the Trustees granted two appropriations as a loan, to be repaid from the income or property of the school—one of $2,000 and one of $3,000 for these purposes. It was expected that with this aid the income of the school would meet all other expenses, including salaries. An arrangement was made with the Dearborn Medical College whereby Dr. Baldwin agreed to pay a part of the expense of moving and a half of the rent, janitors' and engineers' wages, heating and lighting bills and repairs to the building itself and of such rooms as are used by both schools. This was done, and accounts for the comparatively large amount received from this source. Unfortunately the attendanec at our school fell off about a fifth, with a corresponding shrinkage in fees, and this prevented us from paying the salaries in full. (B.) ' Our expenses for the present fiscal year will be considerably less than last year (Statement C), but it will require a larger attendance than we had this last year to meet all expenses and pay salaries in full. It will require at least a 10 per cent increase. I think we can reasonably expect to have this or a greater increase in attendance, and I look for a prosperous year. Of course, my statements are only intended to be correct approximately regarding the different items of expenditure, outside of rent, salaries, etc. Very respectfully yours, W. B. DAY, Actuary.