Repository: UIHistories Project: Board of Trustees Minutes - 1994 [PAGE 387]

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1995]

UNIVERSITY OF ILLINOIS

375

EXECUTIVE SESSION ADJOURNED

There being no further business, the executive session adjourned at 4:25 p.m.

BOARD MEETING RECESSED

At this time, the board recessed to reconvene at 10:30 a.m. on Thursday, September 14, 1995.

BOARD MEETING, THURSDAY, SEPTEMBER 14, 1995

When the board reconvened at 10:40 a.m.1 in Room C, Chicago Mini Union, Chicago campus, Chicago, Illinois, the members of the board, and the officers of the University as recorded at the beginning of these minutes were present.

MINUTES APPROVED

The secretary presented for approval the press proofs of the minutes of the Board of Trustees meetings of February 9; February 9, 10, 11, 12; February 16, 19, 22; and February 27, 1995, copies of which had previously been sent to the board. On motion of Dr. Gindorf, these minutes were approved.

BUSINESS PRESENTED BY THE PRESIDENT OF THE UNIVERSITY

Trustee Lamont welcomed President Stukel, noting that this was Dr. Stukel's first regular board meeting and that the trustees were very pleased to have him with them at this meeting as the president of the University. President Stukel thanked the members of the board for their graciousness and then recognized and introduced the observers from the campus senates and from the University Senates Conference.2 The president began his report by telling the trustees of his visits to communities in downstate Illinois; these included Benton, DuQuoin, Harrisville, and Marion. He said that these had been very enjoyable

1 Prior to reconvening, the Committee on Finance and Audit met to receive several reports. T h e first was a report on a review of the investment guidelines for the board prepared by the firm of Ennis-Knupp. Next, Mr. Doug Patejeunis reviewed the Ennis-Knupp report on University investments for the second quarter of Fiscal Year 1995. Next, Dr. Richard Traver presented the University's internal audit report and a special computer program for performing internal unit audits. In closing, Vice President Bazzani reported! on trie process to select underwriters for University bond offerings for the next four to five years. T h e board then met as a Committee of the Whole to receive a report on the proposed operating budget for the University for FY 1996 presented by Vice President Bazzani who gave a thorough review of the University's scope and scale. Vice President Manning then presented the recommendation for the budget request for FY 1997. She said that the increase requested was approximately 7 percent. She noted that most of the items for academic program improvements were one-time expenditures. T h e provosts from the three campuses, Dr. David C. Broski, Chicago, Dr. A. Wayne Penn, Springfield, and Dr. Larry R. Faulkner, Urbana, then described the campus priorities for this budget and the process by which these priorities were reached. 2 University Senates Conference: William G. Jones, assistant University librarian and associate rofessor, University Library, Chicago, and chair, University Senates Conference; Chicago Senate: >avid Bardack, professor of biological sciences; Springfield Senate: Ronald F. Ettinger, chair of the Faculty Senate and professor of experimental studies; Urbana-Champaign Senate Council: Kenneth E. Andersen, professor emeritus of speech communication.

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