Repository: UIHistories Project: Board of Trustees Minutes - 1920 [PAGE 721]

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1920]

UNIVERSITY OF ILLINOIS

717

I have suggested to Dean Davenport that the Soil Survey, on which $95,000 a year is expended, be reduced next year by the amount of $30,000, and that the $30,000 thus saved be added to income for operation and maintenance in Agriculture. I propose further that the Graduate School budget be cut by about $6,000, the exact amount depending on the arrangements made for the administration of the Graduate School. I propose further, and the executive committee has already approved this proposal, that all physical plant extensions and improvements, excepting those absolutely necessary to reasonably efficient physical plant operation, be omitted. We shall then have available for salaries and equipment in excess of the present year, except books and the Soil Survey, the following: From the resources mentioned above $120,000.00 From the Horticultural Field Laboratory 100,000.00 From the Graduate School .'. . . 6,000.00 Balance of next year's income over present budget 25,000.00 Giving a Total of $251,000.00 If we keep a reserve of $90,000 (which is $43,000 less than what we had this year), we shall have about $160,000 to add for general salary and maintenance next year. In accordance with the above scheme, I submit the University budget for the fiscal year, July 1, 1920, to June 30, 1921, for the departments at Urbana, except Agriculture. The Chicago Departments' budgets also need some adjustments within the totals given above. GENERAL SUMMARY E s t i m a t e d Income a n d F u n d s Available _$3,518,842.00 Proposed Appropriations - 3,427,237.34 Estimated Balance for Reserve and Contingencies 1$ 91,604.66 INCOME SUMMARY Balance, July 1, 1920 General, ( e s t i m a t e d ) $ 120,000.00 Agriculture (to be d e t e r m i n e d ) Federal G r a n t s Land G r a n t Act ( I n t e r e s t o n E n d o w m e n t Fund, paid by t h e S t a t e ) $ 32,450.65 Morrill Act 25,000.00 Nelson Act 25,000.00 H a t c h Act 15,000.00 A d a m s Act 15,000.00 Smith-Lever 145,791.35 Smith-Hughes ( e s t i m a t e d ) 16,500.00 $ 274,742.00 State Appropriations (Mill Tax) Salaries and W a g e s _,*, $1,650,000.00 Office Expense __J_ 75,000.00 Travel 25,000.00 Operating 300,000.00 Repairs 100,000.00 Equipment 150,000.00 Permanent Improvements 100,000.00 Contingencies 100,000.00 $ 2,500,000.00 Special Live Stock Biological L a b o r a t o r y (veterinary) Salaries and W a g e s $ 5,000.00 Operating 6,500.00 $ 11,500.00 Student Fees: (estimated, at present rate) Urbana-Champaign <»*.$ 270,000.00 Chicago Ji 80,000.00 $ 350,000.00