Repository: UIHistories Project: Board of Trustees Minutes - 1918 [PAGE 267]

EXTRACTED TEXT FROM PAGE:

1917]

UNIVERSITY OF ILLINOIS March 9, 1917

263

President

Edmund

J. James, University

of

Illinois

M Y DEAR PRESIDENT J A M E S :

In the recent past there has been a considerable development of the desire on the part of University organizations made up of student or faculty or both, but not classed as regular departments of the University, to have such funds as they handle administered through the Business Office. This is particularly desirable in the case of organizations and activities holding public entertainments for which tickets are sold. T h e office of the Cashier now is very conveniently arranged and located for taking care of such work. Within the last few days the Council of Administration drew up a plan covering the business organization of the Star Course, in which it is requested that the administration of funds be placed under the supervision of the Comptroller. It is my opinion that the development of such a system is highly desirable inasmuch as it makes it possible for the funds handled on the campus and more or less in the name of the University to be taken care of in a central office and by properly bonded employees, and affords an opportunity for the development of a uniform business system for the various activities and enterprises, all adequately supervised. I would recommend therefore that the Board of Trustees authorize the Comptroller to receive, disburse, and account, as trust funds, for the funds of student and other organizations affiliated with the University, and to cooperate with the Council of Administration in the development of efficient business systems for such organizations. Cordially yours,

LLOYD MOREY,

Acting

Comptroller

On motion of Mrs. Evans, the Comptroller was authorized to receive, disburse, and account, as trust funds, for the accounts of student and other organizations affiliated with the University, so far as this is recommended by the Council of Administration, and to cooperate with the Council of Administration in the development of efficient business systems for such organizations.

PETTY CASH FUNDS (24) A letter from the Comptroller requesting authority to establish petty cash funds: March 9, 1917 President Edmund J. James, University of Illinois

DEAR PRESIDENT J A M E S :

On July 23, 1913 (page 419), the Board of Trustees approved a recommendation from Mr. Frazer, the Comptroller, for the establishment of certain petty cash funds. The funds established at that time were as follows: Bursar $5,000.00 Actuary, School of Pharmacy 250.00