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Caption: Board of Trustees Minutes - 1922
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1921] UNIVERSITY OF ILLINOIS 219 STATE OF ILLINOIS ) COUNTY OF CHAMPAIGN r S * I, S. A. BLAINE, a Notary Public, in and for said county in the state aforesaid DO HEREBY CERTIFY that A. M. Burke, E. I. Burke, O. L. Percival, Arthur Sheridan, Wm. H. Scott, T. D. Wilson, J. W. Stipes, Geo. J. Babb, D. P. Mclntyre, T. E. Lyons, T. M. Lyman and J. N. Rodman, who are personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that they signed, sealed, and delivered the said instrument as their free and voluntary act for the uses and purposes therein set forth. Given under my hand and notarial seal this 19th day of March, A. D., 1921. S. A. BLAINE Notary Public TRANSFER OF FUNDS On motion of Mr. Trimble, the Secretary was directed to instruct the retiring Treasurer, Mr. Hazen S. Capron, to transfer to Mr. Burke, the new Treasurer, all funds, records, securities, and other assets and properties of the University which he holds as Treasurer. COMPTROLLER'S REPORT The President of the University presented for record the report of the Comptroller for the quarter ending March 31, 1921. President David Kinley, 355 Administration M Y DEAR PRESIDENT KINLEY: Building J beg to transmit herewith the quarterly report of the Comptroller to the Board of Trustees for the quarter ending March 31, 1921. Realization of Income Federal funds due to the University during the fiscal year have for the most part been paid over in full. The receipts from the mill tax have somewhat exceeded the actual appropriation to the University for the present year and the excess will be carried forward at the end of the year to meet appropriations for the coming biennium. The receipts from fees and sales will apparently be very close to the original budget estimate Budget Appropriations The total appropriations for the fiscal year 1920-21 as at March 31 were $3,469,511.54 including $211,496.84 on account of federal Smith-Lever work. Reserve and Contingent Fund. The free balance in the Reserve and Contingent Fund on March 31 was $62,709.57. Fund Balances The balance in the hands of the University Treasurer, March 31, allowing for outstanding warrants was $717,836.05, including $74,784.42 in trust funds. This balance will be practically fully required to meet expenditures for the remaining quarter of the year for which appropriations have already been made. The balances in State appropriations on March 31 amounted to $575,573.17, including balance of $228,393.77 for the Research Hospital in Chicago; contracts are outstanding to the full amount of the latter balance, and the remaining State funds will probably be fully drawn out within the next thirty days. Respectfully submitted, LLOYD MOREY Comptroller
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