Repository: UIHistories Project: Board of Trustees Minutes - 1994 [PAGE 359]

EXTRACTED TEXT FROM PAGE:

1995]

UNIVERSITY OF ILLINOIS

347

Project Approval, Auxiliary Facilities System

(21) The vice president for business and finance and the chancellors, following review by respective campus officers and appropriate student advisory groups, recommends that projects be approved for funding through the issuance of Auxiliary Facilities System Revenue Bonds. It is anticipated that these bonds will be issued in the latter part of calendar year 1995. In addition, it is recommended that those projects that require approval by the Illinois Board of Higher Education be submitted to that board for its approval. Upon approval of the Board of Trustees, the vice president for business and finance and university counsel will take such further steps as are needed for the anticipated sale of revenue bonds, including employment of financial advisor, underwriter, and bond counsel. Such actions will be brought to the board for its approval as required, as will the authorization of the issuance of the bonds and subsequent approvals of design and construction contracts. I concur.

On motion of Mrs. Gravenhorst, these recommendations were approved.

Revision of Policy and Rules — Nonacademic, Policy 5, Wage and Salary Administration

(22) The document, Policy and Rules — Nonacademic, encompassing the policies applicable to civil service employees of the University of Illinois, is constantly under review to insure that it is meeting the needs and requirements of the University. In some cases these reviews lead to recommendations for change not only to rules and regulations but also to University policy. Such changes to the policies contained in Policy and Rules — Nonacademic require Board of Trustees approval. The vice president for business and finance recommends approval of this amendment to Policy 5 of the Policy and Rules — Nonacademic. I concur. POLICY 5 The amendments to Policy 5 incorporate revisions resulting from a comprehensive review of the policy. The policy now provides the University more flexibility to set compensation levels by considering internal equity as well as rates generally paid for similar work by other employers. In addition, the policy has been revised to incorporate recognition of individual merit as a salary program component for employees whose rates of pay are not negotiated, established, or prevailing.

On motion of Mrs. Gravenhorst, this amendment was approved. By consensus, the board agreed that one roll call vote would be taken and considered the vote on each agenda item nos. 23 through 36 inclusive. The recommendations were individually discussed but acted upon at one time. (The record of board action appears at the end of each item.)

Renewal of Agreements, University of Illinois Alumni Association and University of Illinois Foundation

(23) Since 1982, the Board of Trustees has designated the Alumni Association and University of Illinois Foundation as University-related organizations and authorized basic service agreements with them for certain services. Renewal of the agreements for Fiscal Year 1996 is now sought.